Will a Rent Freeze Fix NYC or Make it Worse?

NYC's October rent freeze on ~1 million stabilized units splits experts on landlord solvency versus tenant affordability, with both sides agreeing supply is the real fix.

• Median rent context: Emily Eisner notes NYC median rent is $1,700-$1,800/month, up over 50% from ~$1,000 (inflation-adjusted) 30 years ago, with over 50% of renters rent-burdened.
• 2019 rent law reshaped incentives: The Housing Stability and Tenant Protection Act imposed 'vacancy control,' capping rent increases on turnover and making it costly to exit rent stabilization, per Kenny Burgos.

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