See on Scoop.it – New Great Depression
What would happen if New York State repealed its rent-regulation laws?
Charity Thomas’s insight:
“A lesser-known but important issue is that rent-controlled and rent-stabilized tenants can’t be evicted without a legal reason, while unregulated tenants have no right to renew their leases. How stable would the city’s neighborhoods be if rising rents forced residents to move every year or two? How would people raise children? How would they maintain the social relationships that sustain communities?”
That’s obviously no longer a NYC priority for working class and below.
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