From the BBC:
"Our problem is rent regulation creates a subsidy regardless of whether they even need it," said Jimmy Silber, co-president of the trade group Small Property Owners of New York, and himself a landlord in Greenwich Village. "There's no assessment from government."
The "subsidy" is also paid for by one group, landlords, rather than society at large, he says.
"You have people living in the finest parts of the Upper East Side and the Upper West Side who are professionals and in finance who have rent-stabilised apartments. They don't deserve it. It's unjust," he says.
Nobody forced him to be a landlord and he's not actually adding any value, so what's his problem?
I do like the quip about "rich professionals in mansions" though.
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