A federal appeals court has ruled that the government hasn't necessarily taken a landlord's property when it forces him or her to operate at a loss while renting to a tenant he or she never agreed to host.
That's the view of the U.S. Court of Appeals for the 2nd Circuit, which yesterday struck down a challenge to New York's rent stabilization law brought by two landlord associations that argued that limits on rent increases and evictions passed in 2019 were so strict, they were an effective seizure of their property.