A Public Education Campaign of Tenants & Neighbors
Myths and Facts about Rent Stabilization
All rent stabilized tenants are wealthy people. The average household income of rent stabilized
tenants is about $36,000 per year.
Rent stabilized tenants are not reflective of our The majority of rent stabilized tenants are people of
city’s diversity. color. About 40% were born in another country. An
additional 5% are from Puerto Rico.
Rent regulation prevents owners from making a The average landlord makes 38% of rental income in
profit. net operating income. Also, provisions in the laws that
allow landlords facing financial hardship to apply for
Rent regulation causes market rate rents to Rents are high in NYC because we have a housing
skyrocket. shortage. Most landlords bought their building after
rent regulation was created, so they knew what they
could expect to make from rental income. If they are
deregulating apartments and charging market rate
tenants higher rent, it is probably because they are
trying to make more profit than is fair or reasonable.
New York Needs Rent Regulation!
Based on Rent Regulation in New York: Myths and Facts by Timothy L. Collins, 2009