ASK MIKE MONDAYS – Michael, I heard there are new rent control legislation in some states; what's going on in New York City?
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles · Paul Peebles
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Show Notes
Michael chats about current and future rent control issues that apartment owners are facing today. Tenants are concerned about affordability. Landlords are concerned about providing a return on capital to their investors. Politicians are creating new rent control laws. State of California Rent Control: https://www.nytimes.com/2019/09/11/business/economy/california-rent-control.html?searchResultPosition=1 State of New York Rent Control: https://www.nytimes.com/2019/06/12/nyregion/rent-regulation-laws-new-york.html?searchResultPosition=4 NYC Landlords Respond: https://www.npr.org/2019/07/17/742875001/new-york-landlords-call-rent-control-laws-an-illegal-taking-in-new-federal-lawsu