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NYC Rent Control in Action: Cheap City Apartment, Second Home Near the Long Island Shore

3 years agoNews : Reason

Late last year, New York City property owner and landlord James Harmon asked the U.S. Supreme Court to consider the constitutionality of New York’s rent control and rent stabilization laws, arguing that the government’s actions deprive him of his property without providing just compensation as required by the Fifth Amendment to the U.S. Constitution. The Court hasn’t decided yet on whether or not it will take the case, though the justices have asked New York to respond to Harmon’s request that the case be heard.
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