Property Management News

New York Attorney General Letitia James joins a press conference to support rent controlled tenants who have been threatened with eviction because their landlord has filed for bankruptcy in March. Andrew Lichtenstein/Corbis via Getty Images New York landlords are attacking rent regulations in a new federal lawsuit, claiming that capping what they can charge tenants in rent is equivalent to an illegal taking of property. Last month, housing advocates in New York celebrated sweeping new laws that established rent control permanently and extended tenant protections beyond just New York City, allowing cities throughout New York to opt into rent stabilization programs, which...Read more >

Southern California’s housing market is expensive, both in absolute terms and relative to its household incomes. This creates potential problems in two dimensions: it discourages businesses, who must pay higher wages to attract and retain talent, from growing, and it makes it difficult for workers in low-pay occupations from remaining. The University of Southern California Lusk Center for Real Estate did an affordability “reality check” at its Orange County Executive Forum in June and discussed broader impacts of homelessness and affordability on the California economy. While Southern California’s problems are extreme, many of our cities that are engines of...Read more >