Berlin is imposing a five-year rent freeze—Could it work in New York City?

In June, New York State rolled out a slate of proposals to protect renters. Among other changes, the new legislation closes several loopholes that have permitted owners to legally spike rents following renovations—a tactic that has been successfully used to deregulate more than 150,000 units over the past two decades. In essence, under the new legislation, … Continue reading Berlin is imposing a five-year rent freeze—Could it work in New York City?