Article from Reason by Christian Britschgi.
New York’s new rental regulations are an unconstitutional violation of landlords’ due process and property rights, argues a new lawsuit filed this week in federal court.
Late Monday, the Rent Stabilization Association (RSA) and the Community Housing Improvement Program (CHIP), two landlord trade groups, filed a lawsuit against New York City, its Rent Guidelines Board (RGB), and the state and city officials responsible for administering the state’s landmark rent stabilization law.
Essentially a form of rent control, the contested law limits how much the owners of rent-stabilized apartments can raise rents and imposes conditions on when tenants in those units can be evicted. In June, state lawmakers—led by a crop of newly elected progressive legislators who’d campaigned on a platform of “universal rent control”—passed a sweeping update to these regulations that piled on more restrictions still.
RSA and CHIP are arguing that New York’s rent stabilization law is such a poorly designed and irrational means of providing affordable housing that it violates the Fifth and Fourteenth Amendments’ due process protections. They also argue that the law prevents landlords from using their property as they see fit while reducing its value, both of which amount to an uncompensated government taking.
Read the entire article at Reason.
Image Credit:Â Thomas Good [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons
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Keep electing liberals who are totally against business and they think everything should be free. Unbelievable for them to think of evicting someone from their home, even if they don’t pay, do damage, don’t abide by the lease. Keep elected these morons and expect something different.
You should see what the low income housing looks like in CA. Illegals, drugs dealer, 5 families living in a 3 B/R apartment. When a place is empty the drug cartels move in and strip the apartment of every thing. Appliances, cabinets, bathroom toilet, shower door, sinks cabinet, same in kitchen. Drywall, plumber, electric. Our taxes at work with Democrats as government
These people are on Welfare. They also work for contractor for cash.
I could write a book on this subject!? There is a discussion to have on/from both sides. Attracting” renters , the ” good/best ” renters is common sense to a business person/Landlord.
The wrong kinds of regulations can not only have an effect on equity in the long term ” nonsense” but also if the substandard agenda is implemented a subsidy must be included to the landlord. Like I said. I could write a short novel on/for both sides. Landlord/renter.
I hope those who are suing are successful in their suit. You could not pay me to own property in NYC. what happens to property owners there is the same thing as taking the property by force. Another example of communist tactics.