The proposal is an attempt to seize momentum on one of the campaign’s top issues — the housing crisis — and could affect nearly one million homes, or about 40 percent of the city’s rental market.
It’s also part of a continuing attack on the front-runner in the race, Assemblyman Zohran Mamdani, who pays $2,300 a month for a rent-stabilized one-bedroom apartment in Astoria, Queens.
Sure, I will admit very readily that people abuse it…
But when you punish the idealized case… don’t be mad when only the abusive people are left. Rent control doesn’t fix the abusers and punishes the non-abusive owners as well.
See, I think that’s the inherent problem. The idealized case isn’t the norm.
This is the norm:
https://www.justice.gov/archives/opa/pr/justice-department-sues-realpage-algorithmic-pricing-scheme-harms-millions-american-renters
Which means in our world, rent control is mandatory. Yeah, it sucks for the minority of honest brokers (LOL! Real Estate joke!), but the fact is they are a tiny minority of rentals.