I've lived in NYC since 2005 and have lived in multiple stabilized units and unstabilized units. There was no lottery, it was like finding a normal unit but you signed a stabilized lease. Not sure what the hell you are talking about. I can tell you with 100 percent certainty that the stabilized units were shit holes compared to the other units and that buildings with stabilized tenants were run far worse. Things were not fixed, you had to fight about heat, et cetera. The current proposed law would turn the entire housing stock into this.

As I mentioned above, it is great for existing tenants in the short term, bad in the long term, and a disaster for new tenants and landlords.