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NAR Supports Suit Against Rent Control

11.14.19

The National Association of REALTORS®, along with several other national organizations, has backed a lawsuit to take on New York’s Rent Stabilization law.  The suit challenges the constitutionality of the law and argues that it violates the 5th and 14th Amendment.

Speaking through NAR 2020 President Vince Malta, the National Association of REALTORS® said that instead of rent control the housing crisis should be faced head on by building more affordable housing.  NAR has been constant in maintaining that rent control does not actually create a fairer housing market but instead reduces the quantity and quality of available housing, discourages new construction, and increases rent for unprotected tenants among other issues.

You can read more about the lawsuit here.

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