Curious if/how brokers fee ban will affect the market in NYC

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It’ll hurt in the short run, but this will just get baked into rent over time. I think it’s getting overblown.

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Agree probably overblown but certainly harmful. However not nearly as harmful as the new rent regulations...that will achieve the precise opposite of its intention, and will stifle the improvement and development of affordable housing in the city.

It means brokers will actually have to work for their fee now, but landlords will be fine considering the absurd occupancy rates in this city

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Believe this was reversed via appeal (aka brokers complaining)

Not reversed, it’s being challenged. So brokers are still charging fees.

It will thin out the ranks of bad brokers. The ones who are good will be worth any fee. The bad ones, who likely rent apartments while they do something else, like DJ or act, will slough off.

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