FOX Business’ Madison Alworth reports from Brooklyn on the harsh reality of NYC’s rent freeze, interviewing property owner Natalia Bonanno about how the 2019 rent laws prevent landlords from recovering renovation costs.
FOX Business’ Madison Alworth broadcasts live from Brooklyn, New York, to investigate the ongoing crisis facing rent-stabilized property owners. Landlord Natalia Bonanno explains how strict 2019 New York rent laws make essential building renovations financially impossible. As median rents hit record highs, these regulations force small property owners to keep units vacant, worsening the city’s housing shortage.