'The Crisis Has AlreadyStarted': Inside The FinancesOf 4,300 Rent-Stabilized NYCApartments

This article shows what many already know (and predicted in 2019).

Rent-stabilized buildings are bleeding cash, and tenants aren’t getting needed improvements (to their apartments or the building).

The HSTPA stripped away the tools owners need to reinvest or make lasting improvements, and stripped tenants of equity in their units.

The legislature gave themselves a huge pat on the back. Apparently it's going to have to get much worse before it gets better.

Credit Sasha Jones

The Crisis Has Already Started.pdf

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