FARE Act proves law of conservation of money

My column Wednesday was about New York laws that make housing cheaper. I did not include the FARE Act. Why not? Affordability was surely the goal of City Council member Chi Ossé’s law, which took effect in June 2025. The measures I wrote about prevent improvements to property, which does make housing cheaper in a given building. It’s housing affordability based on crappiness, but it works in the short term. Just like Wonder Bread fills your stomach for less money than a steak salad. The Fairness in Apartment Rental Expenses Act, on the other hand, doesn’t make housing less expensive […]

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