Rents Set to Go Up for 2 Million New Yorkers - The New York Times
Rent-stabilized apartments have enabled many people to stay in a city that grows ever more expensive. But for the second year in a row, rents are set to rise.
Source: nytimes.com
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Rent-stabilized apartments have enabled many people to stay in a city that grows ever more expensive. But for the second year in a row, rents are set to rise.
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The New York City Rent Guidelines Board is set to vote Wednesday night on an increase for about one million rent stabilized units.
"If the Rent Guidelines Board is meant to protect tenants, its record is mixed at best. But the alternative, a city of free market rentals, would be much worse."
The good guys won last week.