Wrote abt my favorite thing in The Hill ⤵️⤵️
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New York’s rent laws protect tenants from excessive rent hikes and stabilize whole communities. Rather than back away, policy makers should expand them.
google.com/amp/s/thehill.
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Good morning. While I agree with this , there also needs to be protections for small owners from predatory tenants or here will be less and less of us. U guys won’t like the alternative. Thank u
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Fed Reserve out with a paper citing a model that suggests that if NY, SF, and San Jose metro areas eased housing regulations to the national norm the GDP for the country would grow by 3.7%/year
federalreserve.gov/econres/feds/f
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In 1992 a poll of the American Economic Association found 93 percent of its members agreeing that "a ceiling on rents reduces the quality and quantity of housing". - Paul Krugman
Sorry but professional economists seem to disagree with your "feelings". Ownership is stability.
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