It’s been a difficult few years for the New York City residential brokerage world. Tech pressures have risen, venture capital-backed competitors have stormed the market, and profit margins have been paper-thin. But that already hard environment has grown even more difficult in the last few months. In June, Albany passed the most sweeping package of rent-regulation reforms in recent memory — a move that was billed as a way to ease the affordable housing crisis […]
source https://therealdeal.com/issues_articles/tales-from-the-front-lines/#new_tab
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