Two words: Lynch mob.Wall Street Journal:
New York Landlords in a Financial Bind From New Rent Law — Curb on market-rate conversions pressures the value of rent-stabilized apartments — Property investors have spent billions of dollars on apartment buildings for what has been one of the most reliably profitable bets in New York City real estate …
Sophie Weiner / Splinter: Landlords Are Still Crying About New York's New Rent Control Laws ;(
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