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_Maxolotl t1_j7ibo7h wrote

Reply to comment by yasth in Federal court upholds NY rent stabilization laws, setting up possible Supreme Court showdown by ER301

"some tenants complaining" is a wild understatement of the scale of the likely fallout from a total ban on rent regulation.

And the ensuing chaos isn't exactly what they'd be worried about. The "republican judges evict 1 million families" headlines are what they'd think twice about.

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yasth t1_j7iesnb wrote

Eh it would be way smaller than you’d think. For one leases would likely play out as is, and also a lot of rent stabilized apartments aren’t done under the emergency declaration but a trade of value which would likely be allowed.

So it would only be the older rentals that were undervalued by a fair bit (because if the net is an extra couple of hundred a month most are going to stay put). Still major but smaller than all rent stabilized apartments and done over a year or two.

Also the downsizing of over housed people will likely depress the market some which will mitigate the impact for a while. This is partly why some market rate landlords aren’t quite as excited as people would expect.

Again we aren’t likely to find out by my guess is there would be cataclysmic headlines briefly but the spread over time and space would likely make it less impressive of a media event.

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_Maxolotl t1_j7if72d wrote

Non-sequitur.You opened by changing my entire premise: what would happen if they nuked it all?

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yasth t1_j7ig1u5 wrote

They can nuke the system but they aren’t going to break leases. That isn’t even what they are asking for. It just is not on the table. You might as well ask what if they ordered all tenants to pay triple rent just for fun, it isn’t under consideration or request.

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