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

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

Mayor Fiorello La Guardia
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.

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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]