Editing Openai/696a591f-d750-8006-8907-5e4de0290571 (section)

==== 10) “Boomers hang on and pass units to children… stock rotting, going offline, more expensive” ====

Verdict: partly true on succession mechanics; exaggerated on inevitability and scale.

Succession is real but constrained. To succeed a regulated apartment, the successor generally must be a qualifying family member (or family-like) who lived in the unit as a primary residence for 2 years (or 1 year if disabled or age 62+), with primary-residence requirements. Rent Guidelines Board<ref>{{cite web|title=Rent Guidelines Board|url=https://rentguidelinesboard.cityofnewyork.us/resources/faqs/succession-rights/|publisher=Rent Guidelines Board|access-date=2026-01-17}}</ref>
So it’s not “pass it down like property” without meeting strict co-residency conditions.

“Stock rotting/going offline”: there are maintenance challenges in older stabilized buildings, and there are some offline units, but the best citywide evidence does not support a narrative of mass rot/offline acceleration on the scale claimed (see the Comptroller findings above). NYC Comptroller's Office<ref>{{cite web|title=NYC Comptroller's Office|url=https://comptroller.nyc.gov/wp-content/uploads/documents/Accurately-Assessing-and-Effectively-Addressing-Vacancies-in-NYCs-Rent-Stabilized-Housing-Stock.pdf|publisher=NYC Comptroller's Office|access-date=2026-01-17}}</ref>