Tighter new rent control in NYC

2 Replies

The new law may decrease NY property value and drive investors to NJ side for investment deals.  Bet it is a price boost for NJ, though NJ has similar laws. 

My experience in NYC taught me that when the City starts screwing around with tightening up rent control, the smaller non-controlled properties shoot up even more--less supply, more demand, higher rents.  Investors understand; unfortunately, the City just doesn't get it!  Unintended consequences, anyone?

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