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Justice Thomas agreed with the Supreme Court's decision to not take up two challenges to New York's rent stabilization law but said the constitutionality of rent control "is an important and pressing question."
The Supreme Court of the United States has now denied a third challenge to New York’s rent-stabilization law. Landlords led by CHIP and the Rent Stabilization Association have been fighting to overturn the system since the new rent laws of 2019.
Thomas agreed with the Court's decision to not take up two challenges to New York's rent stabilization law but said the constitutionality of rent control "is an important and pressing question."
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New York Community Bank stock has been falling. It has a large book of loans made to owners of rent-stabilized apartment buildings.