The Daily Mail is reporting that a 63-year-old woman married an 87-year-old Manhattan man just a month before he died, allegedly to take over his $400 per month rent-controlled apartment in a West Village building where market rents can reach more than $5,000 per month. The building owner is asking a Manhattan judge to evict the woman.
I am sure there are hundreds of stories in NYC like this that illustrate the distortions caused by rent (price) control laws. It certainly creates quite an adversarial relationship between tenants and landlords/owners.
I am sure there are hundreds of stories in NYC like this that illustrate the distortions caused by rent (price) control laws. It certainly creates quite an adversarial relationship between tenants and landlords/owners.
HT: Matt Bixler
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