"New York's Progressive Rent Regulations Having the Exact Same Negative Consequence That Skeptics Predicted"
Economists are criticized a lot for what we don't know. But we do know some things. Here's one: "New York told landlords they couldn't pass along renovation costs, so landlords stopped doing renovations".
(And I think Stephen Green has an excellent chance at being correct when he predicts, "Big, connected players will snap up these properties at a steep discount, at which point the city will grant relief and exemptions from the new regulations.")