“I would never invest in rental housing in New York,” a Florida real estate person emailed me in July. “No wonder there’s a rental housing shortage there. New York is a terrible place to be a housing services provider.” I like pointing out contradictions, so I replied that a housing shortage is good for investments in rental housing, because scarcity keeps rents high. But the Florida guy wrote back, “Not where there’s rent control and a war on housing services providers. And New York is the worst!” Why not invest in free-market rentals, which are about half of the city’s […]

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