Zillow's Strong Q4 Performance Boosts Stock Amid Soft Housing Market

New York's tenant protections have led to some property owners being hesitant to rent out their homes due to horror stories of difficult and non-paying tenants who are difficult to evict. These stories include instances of tenants causing property damage, not paying rent, and manipulating the legal system to live rent-free for years. While the majority of tenants are responsible, these anecdotes have led to a lack of confidence among some property owners. Finding a middle ground that reasonably protects tenants while giving owners the confidence to rent their unused homes is crucial in addressing the affordable housing crisis in New York.