The Real Deal New York

This month in real estate history: REBNY fights WWII rent cap

1943: Real estate board lobbies to prevent price controls on NYC apartments

September 18, 2014 04:20PM
By Adam Pincus

Mayor

Mayor Fiorello La Guardia

From the September issue: The Real Estate Board of New York lobbied against a wartime proposal to cap rents on several million New York City apartment units, 71 years ago this month.

REBNY appealed via telegram to officials in Washington within the federal Office of Price Administration, who were responsible for implementing price controls. The caps were part of a broader national law passed in 1942 that was aimed at easing the impact of inflation brought on by World War II. [more]

MENU