Quote:
Originally Posted by Crawford
Below-market rents. So stabilized (yes, controlled are basically gone now) but below-market. Stabilized rents in affluent areas. In non-affluent areas, yeah, stabilized rents are close to parity with market rents.
Everyone seems to buy some acreage or a second home. A rent-stabilized friend has a sunflower farm Upstate, just because. He has nearly a hundred acres, maybe 110 miles from Manhattan.
|
thats quite a priviledged anecdotal assumption. my neighbors in our old place in the wv who were rent control, and that was several of them, would be in the streets without it. they are dirt poor older retirees. rent control and stabilization are nothing to worry about as its fading away on its own.