rent-controlled apartment

L.A. Becomes N.Y. A Sad Tale of Rent Control Consequences By- an AOA Member

The circumstances with rent control and other regulations remind me of the 1960s in New York City.   My grandfather owned some rent-controlled apartment buildings in New York.   As time went on, the cost of maintenance and taxes exceeded the rental income.  This was accelerated because the tenants would destroy plumbing fixtures to be able to…