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

==== 3) “Government uses rent control to purposely drive down multifamily values so it can buy in a fire sale” ====

Verdict: unsupported / conspiratorial as stated.

Rent regulation’s stated purpose is tenant stability/affordability, not city acquisition strategy. To validate this claim, you’d need documents showing intent to depress values for municipal purchases.

What is true: NYC has mechanisms related to distressed property, but they do not look like “the government buying buildings in fire sales” as a general strategy. For example, NYC can use in rem tax foreclosure processes that transfer title directly to qualified third parties “without the City ever taking title itself” (per RGB discussion of the policy). Rent Guidelines Board<ref>{{cite web|title=Rent Guidelines Board|url=https://rentguidelinesboard.cityofnewyork.us/wp-content/uploads/2024/05/2024-HSR.pdf|publisher=Rent Guidelines Board|access-date=2026-01-17}}</ref>