b&b 56 The Rent is Too Damn High
NYC has approximately 2 million residents (out of 8 million) in rent stabilized apartments, often the elderly and families who have been in their homes for a long time. On Monday, 6/14, the rent stabilization laws in NYC expired. Technically, the state government says. The renewal has been going back and forth in Albany and Governor Cuomo assures NYC that there will be new rent laws in place by the time this congressional session ends.
What are the implications of rent stabilization going away in NYC? What would NYC look like if this were the case? Who would get displaced and who would take their place? We’ll talk about all this and more in this episode.