When you mess with a market, and fox one thing, it unstablizes something else and makes it horrible...
This is not a long term fix.
I think they were be better off, finding all the buildings that aren't being used, and force them to open up for housing...
As it sounds like a number of buildings houses have either stop renting, as it's not worth it to them... or they're being saved as investments.
If it's not a primary home being actively used, or an active business, then they need to open it up for active homes and active businesses.
Temporary Band-Aids might help, but if you use it too long, it will cause other issues.
This is not a long term fix.
I think they were be better off, finding all the buildings that aren't being used, and force them to open up for housing...
As it sounds like a number of buildings houses have either stop renting, as it's not worth it to them... or they're being saved as investments.
If it's not a primary home being actively used, or an active business, then they need to open it up for active homes and active businesses.
Temporary Band-Aids might help, but if you use it too long, it will cause other issues.
View 2 more replies »
@Easygoing1234 The economic problem is that costs are not frozen. The Rent Guidelines Board’s own 2026 data found operating costs for buildings with rent-stabilized apartments rose 5.3%, including insurance up 10.5%, fuel up 11%, utilities up 5.6%, and maintenance up 6%. So a rent freeze squeezes owners, especially smaller or weaker buildings with little cushion.
The likely harms:
Maintenance deterioration. If revenue is frozen while insurance, taxes, labor, utilities, and repairs rise, some landlords defer repairs. That does not show up immediately, but over years it can mean worse buildings.
More vacant “warehoused” units. If an apartment needs expensive renovation and the legal stabilized rent is too low to justify the work, some owners may leave it vacant rather than lose money. Critics are already pointing to this as a danger in NYC.
More pressure on market-rate tenants. Landlords who own mixed buildings may try to recover more from unregulated apartments. That does not mean every market-rate rent jumps because of the freeze, but it pushes in that direction.
Less investment in rental housing. The broader signal is: political risk in NYC housing is high. Developers and lenders hate that. New construction may be exempt from current stabilization rules in many cases, but investors still price in the possibility that today’s exemption becomes tomorrow’s regulation.
The standard economic evidence is not kind to rent control. A major Stanford/AER study of San Francisco found rent control helped incumbent tenants stay put, but landlords reduced rental housing supply by 15% through conversions, owner-occupancy, and redevelopment. That is the classic tradeoff: security for insiders, worse access for outsiders.
The best argument for Mamdani’s freeze is emergency relief. NYC rents are brutal, many tenants are rent-burdened, and stabilization prevents sudden displacement. The RGB chair’s statement also argued that net operating income for stabilized buildings rose in 2024 and that financial distress declined modestly overall, though conditions vary by borough and building type.
The likely harms:
Maintenance deterioration. If revenue is frozen while insurance, taxes, labor, utilities, and repairs rise, some landlords defer repairs. That does not show up immediately, but over years it can mean worse buildings.
More vacant “warehoused” units. If an apartment needs expensive renovation and the legal stabilized rent is too low to justify the work, some owners may leave it vacant rather than lose money. Critics are already pointing to this as a danger in NYC.
More pressure on market-rate tenants. Landlords who own mixed buildings may try to recover more from unregulated apartments. That does not mean every market-rate rent jumps because of the freeze, but it pushes in that direction.
Less investment in rental housing. The broader signal is: political risk in NYC housing is high. Developers and lenders hate that. New construction may be exempt from current stabilization rules in many cases, but investors still price in the possibility that today’s exemption becomes tomorrow’s regulation.
The standard economic evidence is not kind to rent control. A major Stanford/AER study of San Francisco found rent control helped incumbent tenants stay put, but landlords reduced rental housing supply by 15% through conversions, owner-occupancy, and redevelopment. That is the classic tradeoff: security for insiders, worse access for outsiders.
The best argument for Mamdani’s freeze is emergency relief. NYC rents are brutal, many tenants are rent-burdened, and stabilization prevents sudden displacement. The RGB chair’s statement also argued that net operating income for stabilized buildings rose in 2024 and that financial distress declined modestly overall, though conditions vary by borough and building type.
SuperB1tch · 36-40, F
@Easygoing1234 Bye. They can take the MAGAs and the land lords with them.
Yeah, but now there is a heat wave !!! Frozen one day, steaming hot the next.
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LordShadowfire · 51-55, M
I don't love what he said about the people who own the buildings. None all of these property management companies are run by huge, faceless corporations owned by billionaires. Some of them are family owned businesses, and this will destroy them.
But who cares, am I right? Fuck family owned property management companies. We deserve to die broke and starving in the street.
But who cares, am I right? Fuck family owned property management companies. We deserve to die broke and starving in the street.
LordShadowfire · 51-55, M
@FrogManSometimesLooksBothWays Fine. I'll just kill myself for the cause.
If you or a friend of yours is having suicidal thoughts, please visit Suicide Crisis Help Lines if you need someone to talk to.
@LordShadowfire Don't do that.
LordShadowfire · 51-55, M
@FrogManSometimesLooksBothWays I was being sarcastic. But you take away one of the few things I know how to do, and I feel like I might as well.
BohoBabe · M
Munumbis · 46-50, M
🤣🤣🤣🤣🤣🤣