New York, NY – The Rent Guidelines Board votes tonight on how much to jack up rent for rent-stabilized apartments — a meeting that usually erupts in a loud fight as tenant advocates battle to keep rent increases as low as possible.
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Last year, housing advocates pushed for a rent freeze. They want the same thing this year because of the continued economic troubles and high unemployment rates.
In May, the Rent Guidelines Board, which regulates rent adjustments for city apartments, lofts and hotel apartments, voted to consider rent hikes of between 2 percent and 4 percent for one-year leases, and 4 percent to 6 percent for two-year leases.
Tonight, the board meets for their final vote on the matter.
Meanwhile, nearly 300,000 tenants of rent-regulated apartments are now owed refunds. On Tuesday, a court ruled the city illegally hiked rents for tenants who lived in their rent-regulated apartments for more than six years and paid less than $1,000 a month by forcing them to pay a supplemental increase of between $45 and $85.
The Rent Guidelines Board, however, is expected to appeal that ruling.
Rent stabilazation is one of the most ridicules laws out there. Its a law biased against landlords. Why don’t we start car stabilazation were a dealer could only increase the price of a car by 2 percent every year and in fact, let’s do it for food and clothing and gasoline…Let landlords make some $ too. Its ridicules that some people are inheriting stabilized apartments and still paying $75 bucks a month when the tenant next door has to pay $2800, its just not logical.
how should the landlords pay the new water hike and gas
raise the rents…they are too cheap and if , got beheet, they are not…then move to elmhurst.
What’s the story about the refund for people who paid less than $1000 a month? It’s probably $5 a month(!!)
That why most families from NYC move into my hometown. I don’t think my children would ever live in nyc with those high rents/expensive homes costing over 33% of their future income.