The Supreme Court just rejected an effort to get rid of rent stabilization in New York

• The Supreme Court refused to hear a case challenging New York's rent stabilization law.
• The plaintiffs argued the law violated the Constitution's private property protections.
• The case could have affected New York City's one million rent-stabilized homes and more. 

The US Supreme Court on Monday refused to hear a case challenging New York State's rent stabilization laws covering one million households in New York City.