Society, Politics & Law
Why New York-style rent controls would not work in London
...system of rent controls. Rent increases on apartments are capped for longstanding tenants, and “stabilised” when tenancies change hands to keep them at or below the rate of inflation. But a closer look at the model shows why it can’t be easily exported elsewhere, especially in London. Build, or they won’t come To keep its rent control system working, NYC mayor...