NYC Housing Market Characterized by Two Tiers: Stabilized vs. Free Market
According to Kenny Bergos, CEO of the New York Apartment Association, New York City's housing market operates with two distinct systems: rent stabilization and the free market. This interplay, he suggests, contributes to the current market conditions and the perception of high rents.
personKenny BergoscompanyNew York Apartment AssociationcompanyNew York City
The tape
2 quotes
“And that is because we effectively have two different housing markets that are occurring in our city.”
Kenny Bergos
“And the interplay there creates what we're seeing today.”
Kenny Bergos
Heard on The Journal. — “Will a Rent Freeze Fix NYC or Make it Worse?”, published Sunday, September 27, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.