Supreme Court Upholds NYC Rent Stabilization Laws

The decision leaves in place regulations affecting over one million units, with Justice Thomas noting the future importance of addressing regulatory regimes' constitutionality.

The U.S. Supreme Court declined to review challenges to New York City's rent stabilization laws, leaving the system that governs over one million units intact.
Rent stabilization in NYC applies to buildings with six or more units built before 1974, limiting rent increases and requiring lease renewals.
The 2019 amendments to the rent stabilization laws, aimed at increasing tenant protections, have been criticized by property owners.
Justice Clarence Thomas, while agreeing with the decision not to review, highlighted the importance of addressing the constitutionality of such regulatory regimes in future cases.
Critics argue that rent stabilization laws constitute a 'taking' of property without just compensation, violating the Fifth Amendment.