| This is Bill Roller of BR Capital with the KUIK Morning Market Report for Monday, April, 23 | |||||||
| Markets are having a big downer this morning. | |||||||
| Index | Direction | Change | Units | Last | 8:02 AM | ||
| Dow | Down | (137) | points | 13,073 | |||
| S&P500 | Down | -1.17% | percent | 1,362 | |||
| Nasdaq Composite | Down | -1.49% | percent | 2,956 | |||
| 30 Year Treasury | Down | (6.6) | basis points | 3.06 | |||
| Rent control in NY is here to stay, with implications across the US. The U.S. Supreme Court rejected a challenge to New York City’s decades-old rent-stabilization system, leaving intact rules capping prices on almost a million units in one of the country’s most expensive cities. The justices today turned away an appeal by James and Jeanne Harmon, who said the city was violating their constitutional rights by limiting rents on three one-bedroom apartments in their Upper West Side brownstone. The units rent for about $1,000 a month, less than half the price of three similar, unregulated units in the building. | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2012-04-22/new-york-landlord-moves-to-upend-rent-control-at-court.html | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||