When landlords don’t collect enough in rent, they can’t maintain their buildings — that means poor living conditions for tenants.  This is a major argument made against freezing the rent in rent-stabilized apartments, as New York’s Rent Guidelines Board voted to do last week.  But how is that playing out in reality? Are all poorly-maintained buildings just suffering from low cash flow? Let’s look at the data.  A report I obtained from the Rent Guidelines Board shows that buildings with a high number of housing code violations indeed have lower rents and lower net operating income on average. But those […]

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