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One-Party Control in Albany and Rent Stabilization

Lee & Associates New York City senior managing director Ben Tapper in an EXCLUSIVE GlobeSt.com article opines that the new state legislators will create challenges for property owners.

By Ben Tapper | January 02, 2019 at 10:57 AM
Ben Tapper, senior managing director, Lee & Associates NYC Ben Tapper, senior managing director, Lee & Associates NYC

NEW YORK CITY—Regardless of your personal political leanings, total one-party control is never beneficial for achieving balanced outcomes. With rent stabilization laws up for renewal this summer, and one-party control in Albany following the recent midterm elections, property owners face potential challenges in the horizon.

Given the current economic and regulatory environment, and even if the state legislature only passes half of the regulations they claim to be bringing to the floor, the scales will be further skewed against property owners.

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