Thanks to Bill Nelson for tipping me off to the article from The Villager (NYC): Retail rent control? A city councilmember planned to introduce a bill this week that will require small businesses and landlords to submit to arbitration in negotiating lease renewals if both parties can’t agree on a … [Read more...]
WSJ: Rent Control Is the Real New York Scandal
In case you didn't catch it last weekend, Eileen Norcross wrote an excellent piece on rent control in New York. She touches on Charlie Rangel's four rent control apartments scandal, some history of rent control in New York, the destructive results of rent control, vast inefficiencies caused by rent … [Read more...]
Rangel Now Only Hoards Three Rent Controlled Apartments
Democratic Congressman Charlie Rangel has announced that he will vacate the rent controlled apartment he has been using as a campaign office. This apartment is just one of four rent controlled apartments he is hoarding in the Lenox Terrace apartment building in Harlem.NY Times - Rangel to … [Read more...]
Congressman Rangel Legally Plunders $30,000/year in Four Rent Controlled Apartments
[update! Rangel Now Only Hoards Three Rent Controlled Apartments] In case you missed it, powerful New York Congressman Charlie Rangel has been hoarding four apartments in Harlem's Lenox Terrace. Coincidently (perhaps not so coincidently) Lennox Terrace is the same building where New York's … [Read more...]
Economakis Family Threatened by Friends of Rent Control
The Economakis family has been threatened my some members of the community who planned a protest tonight against their family using their own property as a home. See this truly despicable flyer calling friends of rent control to arms.[image from curbed]Here's Mr. Economakis' … [Read more...]
Quinn Proposes to Revamp Rent Control ‘Freakshow’
Curbed NY - Christine Quinn, Hands Off Our Freakshow!Fact: The biggest joke in New York is the Rent Guidelines Board. Every year this nine-member panel gathers to hold a series of circus-like public hearings on rent increases (or, heh, decreases) for stabilized apartments. Every year, tenant … [Read more...]
Landlord Finally Free to Live in His Own Home
After battling in court since 2003, this family is finally able to turn their 60 room apartment building into one gigantic home for themselves. Of course, the beneficiaries of the rent-controlled apartments don't believe the owner's family should have the right to live in their own building.New … [Read more...]
Somin: Causes of the Defeat of Prop 98
Ilya Somin at Volokh - Causes of the Defeat of Proposition 98There were two major causes of Prop 98's defeat. One was the sponsors' mistake in combining the popular cause of restricting eminent domain with a far less popular phaseout of rent control. The second and more unusual cause of 98's … [Read more...]