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Will rents like a $55-a-month become illegal?

A landlord on the Upper West Side wants to take the question before the U.S. Supreme Court, claiming that rent control and stabilization violates his constitutional rights.

James and Jeanne Harmon own a five-story brownstone on West 76th Street near Central Park. Of the six units in the building, three pay 59 percent below market rate, according to the complaint.

The tenant pays $951 a month and owns a second home in the Hamptons.

read more: http://www.supremecourtrentcontrol.blogspot.com/2012/03/upper-west-side-landlord-hoping-to-take.html#more