Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

What does the MBA, NAR, NAHB, and the National Apartment Association think about NY's 'rent stabilization' or rent control law? Today the SCOTUS considered a Petition for a Writ of Certerrori on the issue, we should know shortly if they will grant the Petition (Is it a Taking or permissable Gubmint regulation? could be 'yuge'!):

TABLE OF CONTENTS

Page

TABLE OF AUTHORITIES ....................................... ii

INTEREST OF AMICI CURIAE ............................... 1

SUMMARY OF ARGUMENT .................................... 3

ARGUMENT .............................................................. 5

I. GOVERNMENT RESTRICTIONS ON PRIVATE
PROPERTY ARE EXPLODING NATIONWIDE. ......... 5

II. RENT-CONTROL LAWS UNDERMINE THEIR
PURPORTED GOAL OF PROMOTING
HOUSING AFFORDABILITY AND HAVE A
SIGNIFICANT NEGATIVE IMPACT ON
HOUSING MARKETS. ........................................ 11

A. Rent Control Reduces the
Quantity of Available Housing. .......... 11
B. Rent Control Reduces the Quality
of Available Housing. .......................... 15
C. Rent Control Reduces Consumer
Mobility and Entry. ............................ 18
D. Rent Control Is Not an Equitable
Solution to the Housing
Affordability Problem. ........................ 20

III. NEW YORK’S RSL HAS HAD A
DEVASTATING IMPACT ON PROPERTY
OWNERS. ......................................................... 23

CONCLUSION ......................................................... 27

They quote Richard A. Epstein, Rent Control and
the Theory of Efficient Regulation,
54 Brook. L. Rev. 741 (1988).............................. 7, 8

James Fanelli, Rent-Stabilized Apartments
Are Being Occupied by Millionaires,
Records Show, DNAInfo (Apr. 30, 2014) ............. 21

FHFA to Request Input on Multifamily
Tenant Protections, FHFA ................................... 10

Letter from Senator Elizabeth Warren,

Representative Jamaal Bowman,
and 48 other members of Congress to
Joseph R. Biden, President of the
United States (Jan. 9, 2023) ................................ 10

Frederick Melo, Apartment construction
slows by more than 80 percent in St.
Paul, Pioneer Press (Apr. 4, 2022) ...................... 13

The White House Blueprint for a Renters
Bill of Rights (Jan. 2023) ..................................... 10

Mihir Zaveri, Oregon to Become First
State to Impose Statewide Rent
Control, N.Y. Times (Feb. 26, 2019) ...................... 8

http://www.supremecourt.gov/DocketPDF/22/22-1095/268811/20230609174513115_22-1095%20cert%20tsac%20NAA.pdf