rent stablisation, sounds great, we need that here in australia atm where there seems to be no upper bound the the corruption associated with housing related profits.

It rarely works. NYC has not built enough housing and this is one reason why. Rent control never, ever works.

This. It works great for the few people who get into the system when it starts but it disincentivizes landlords from taking care of the building, and certainly from any major renovations, or from investing in new housing...