WASHINGTON -- The Supreme Court won't hear an appeal that seeks to end rent stabilization laws in New York City.
The high court on Monday refused to hear an appeal from James and Jeanne Harmon, who have lost earlier court attempts to get rent stabilization laws thrown out.
The Harmons inherited a building with three rent-controlled apartments near Central Park on Manhattan's Upper West Side. The Harmons say rent stabilization laws forces them to rent the apartments at rents 59 percent below market rate. They argue that by giving the tenants lifetime tenure with succession rights, the government has illegally taken their property.
A federal judge and the 2nd U.S. Circuit Court of Appeals in New York City threw out their lawsuit. The high court refused to review that decision.