Losses to Rent Regulation from 2007 to 2014

 

Whither Rent Regulation   - Excerpted from a blog by John Krauss




EXCERPTS  : 

Buildings that are 100% stabilized look the same on [DHCR's] list as buildings with just one apartment left in the program.
The secrecy blanketing the stabilization program . . .  provides cover for landlords who fail to tell the state (register) their stabilized apartments. Registration is voluntary — another loophole in the law — and failure to do so could be an indication that they are overcharging their tenants.
If a landlord doesn’t like charging the legal rent, they can simply “forget” to register. It’s up to the tenant to take them to court to comply.

HIDDEN IN PLAIN SIGHT

. . . Remarkably, the number of stabilized apartments in each building over the last seven years is hidden in plain sight, in property tax bills. With help from a few civic hackers, I built taxbills.nyc, a collection of every tax bill going back to 2008 for every building that might be stabilized in New York Cit