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The main beneficiaries of rent regulation in New York are not low-income renters across New York City, but more affluent white residents of Manhattan, according to a Wall Street Journal analysis.
These Manhattan tenants enjoy a significant discount on market rents in the same neighborhood: about $ 1,000 per month per apartment, up to nearly $ 2,000 per month on the Upper West Side of Manhattan. In many lower-income neighborhoods, regulated rents do not differ or slightly less than rents on the market …
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