NYC Landlords Cry Foul Over Tenant Protections, But the Real Story Is Slumlord Behavior
Since the passage of the Housing Stability and Tenant Protection Act (HSTPA), landlords and politicians have been crying about lost profits, burdensome regulations, and supposed threats to the market. The narrative is always the same: they claim they can’t afford to maintain buildings anymore, that the new laws are “punishing” owners, and that the city will collapse if they can’t raise rents to whatever level they choose.