Investing In NYC Real Estate? Get Ready For Rent Laws

Law360, New York (March 3, 2015, 10:28 AM EST) -- According to the press, more and more foreigners are choosing to invest in New York City real estate because it's a safe long-term hold. While admittedly, it is safer than many locations overseas, there are substantial risks, resulting as much from the overregulation of the housing market as from the chance that a rental or condo "bubble" may burst at any time. Even foreigners coming from out of state, rather than from out of the country, are often taken aback by the confusing overlay of rent regulations affecting residential housing in the city....

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