[proxy_user]

Rent control and rent stabilization are gradually being phased out in NYC, although no one is admitting it.

In order to eligible for rent control, you have to be in continuous occupation of your apartment since 1970. The number of such apartments is steadily falling.

With rent stabliization, apartments are eligible for decontrol when the rent exceeds$2000 per month, and the income of the tenants is over $175,0000. Since these numbers are not adjusted for inflation, it is only a matter of time.

Many landlords in the outer boroughs are renting at less than the maximum legal rent because the stabliized rent is higher than they can get on the open market. These apartments are rent-stabliized in name only.

[secretagent]

Trying to understand this: All NY landlords benefit from the government created scarcity, because of the law of supply and demand - their nominally rent controlled receipts exceed what they'd get in a real market competing against new units and landlords.

But that begs the question: what keeps new landlords coming in now?