By Adam Frisch, Managing Principal, Lee & Associates Residential NYC

This past February, Oregon passed a statewide rent control bill while other states, including New York, are attempting to introduce, renew or strengthen rent stabilization laws. While these laws are often seen as benevolent towards tenants, many people are surprised to learn about the fallacy of rent stabilization. The fact of the matter is that rent stabilization is not actually all that beneficial for tenants and doing away with the practice could help rents fall across the board.

Click here to read more of Adam’s thoughts in Multi-Housing News.