NY Rent Control Case Hits Supreme Court Brick Wall

The Supreme Court has said "no" to a New York rent control case that could have influenced rent control laws across the country. Two landlord groups had hoped the high court would void a law approved in 2019 on the grounds that it contributes to an unconstitutional taking of property. The lawsuit had the backing of other real estate organizations, but the lower courts ruled that states have the right to regulate the relationship between landlords and tenants, and that's the way the law currently stands... ...That's it for today. For more information on this topic, check for links in the show notes at newsforinvestors.com. You can also sign up for a free RealWealth membership at our website to learn more about the world of real estate, and how to build a cash-flowing portfolio of rental properties. And please don't forget to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://www.bisnow.com/national/news/multifamily/supreme-court-rent-control-120891 2 - https://www.nyc.gov/content/tenantprotection/pages/new-protections-for-rent-regulated-tenants