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The NYC Rent Guidelines Board voted 5-4 to raise rent for rent-stabilized apartments to 3.25% for 1-year leases and 5% for 2-year despite tenants already crippled amid the cost of living crisis.
If the vote passes, it will be the highest rent increase for rent-controlled apartments in 10 years
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From the earliest days when we still called it coronavirus, the value of live, remote communication, from Zoom to Skype to FaceTime to Teams to Meet to just a plain old phone hook-up, has been a tremendous innovation. Work, school, doctor appointments, religious worship services, even birthday parties and other once in-person gatherings went online, probably billions of times.
With rents skyrocketing in South Florida, some are asking if rent control is possible. We look at what local governments would have to do enact it, and what the ramifications would be on renters and landlords.