In this recent opinion piece, the WSJ Editorial Board argues that New York Governor Kathy Hochul’s proposed Good Cause Eviction standards equate to universal rent control and will be grossly ineffective as they “increase disincentives for investment” and “layer on subsidies.” Notably, they cite New York City’s 2019 rent stabilization law as the cause of soaring rents in areas like Manhattan. If passed, the Editorial Board believes that the Governor’s proposed legislation will do significant economic damage to the state’s housing industry. — The Wall Street Journal
Managed by Immediate Bitwave
