…[and] lowering building operating costs like insurance…
This is a giveaway to landlords. The cost of somewhat reduced rent (no % increase for a year or two, already limited by rent stabilization) is that the landords’ liability insurance will probably no longer pay for your medical bills when the floor drops out from under you.
Glad for the marginal benefit to renters, but please pay attention to the fine print.
well yeah but that is part of the city’s agreement with private landlords to be able to have rent controls in the first place. Obv not perfect but not sure how that undermines just how huge this is for millions of people this impacts
This is a giveaway to landlords. The cost of somewhat reduced rent (no % increase for a year or two, already limited by rent stabilization) is that the landords’ liability insurance will probably no longer pay for your medical bills when the floor drops out from under you.
Glad for the marginal benefit to renters, but please pay attention to the fine print.
well yeah but that is part of the city’s agreement with private landlords to be able to have rent controls in the first place. Obv not perfect but not sure how that undermines just how huge this is for millions of people this impacts