Supreme Court Denies Challenge to New York Rent Regulations

The U.S. Supreme Court declined to hear a case challenging New York's rent stabilization laws.
The laws limit rent increases and allow tenants to renew leases indefinitely.
A federal appeals court previously rejected arguments that the regulations violate property rights.
The Supreme Court has upheld similar rent regulations in the past.
The property owners claimed politicians unfairly shifted housing costs onto building owners.