“slowly but surely, landlords have less to invest in their properties.

“the problem goes beyond new construction, arguing that government limits on rents can reduce the number of apartments available and discourage investment in existing properties.

“rent increases on rent-stabilized apartments have failed to keep pace with inflation for years, even as the costs of maintaining buildings have continued to rise

“this growing gap is leaving some building owners increasingly unable to cover basic operating expenses, which can lead to deferred maintenance and reduced investment in the city’s existing housing stock.

“Economists, whether they are on the right or on the left, essentially are in universal agreement, that when the government implements price controls in the rental market, you end up with housing shortages,

“We need more housing!

the public

American Thinker · Aug 13
Direct quote

“the index ignores key housing costs such as property taxes, insurance and home prices

“People who are looking for apartments can't find apartments,