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NYC Landlord Taking Rent-Control Ordinance to The Supremes!

By
Property Manager with Gibson Management Group, Ltd.

NYC attorney and landlord, James Harmon, is asking the US Supreme Court to rule the NYC rent stabilization ordinance (rent control) UNconsititutional because he is being forced to subsidize the rent of residents who can afford to pay market rents.

 

One of his tenants lives in an apartment at $951 and owns a home in Long Island.

Harmon's suit has been shot down by lower courts; however, The Supremes have ordered the city to respond to his petition in early Jan.

Harmon is no stranger to arguing before the highest court * he successfully argued a housing desegregation case in the 1990s.  Harmon and his wife own a brownstone that was bought by his grandfather in 1949 and sold to his father a few years later.  He has owned the property well before the rent stabilization laws and half of the 6 rental units in their building are required to be rented below market.


http://www.nydailynews.com/new-york/upper-west-side-landlord-asks-u-s-supreme-court-free-york-city-rent-stabilization-laws-article-1.988395

Posted by

Wallace S. Gibson is a Certified Property Manager with over 50 years of property management experience and expertise.  She maintains a specialized property management business in Central Virginia serving Albemarle, Greene, Fluvanna and Louisa counties  

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Comments(3)

Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Hopefully, Mr. Harmon will win his case against the Socialists / Marxists who mandate "Rent Control".

Dec 07, 2011 04:29 PM
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Good morning Wallace,

Another example of government "gone wild".  I hope that Mr. Harmon is successful in his case!

Dec 07, 2011 08:13 PM
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

Rent control is anti-capitalist.  Only in big liberal places like NYC can the government even get away with price fixing like that.

Dec 08, 2011 01:39 AM