Rather than add to the flood of articles summarizing the many changes wrought by the Housing Stability and Tenant Protection Act of 2019, some perspective is in order. What the Legislature did is fairly obvious, but there are less apparent and more profound issues at play that bear examination.

The End of Luxury Deregulation

The HSTPA-2019 eliminated luxury deregulation outright. Although this was a major victory for tenants, landlords ultimately won the luxury deregulation war.