May 6, 2008
Landlords, Tenants Unhappy with Proposed Rent Hikes
Last night, the Rent Guidelines Board recommended to increase rents for rent-stabilized apartments by 3.5-7% for one-year leases and 5.5-9.5% for two-year leases. This figure was deemed too high by tenants and not high enough by landlords.
This proposed increase is higher than last year's (3% for 1-year, 5.75% for 2-year leases), reflecting the rising costs landlords face.
The Post noted the meeting last night followed "a well-worn script" with tenants asking for a rent freeze and landlords asking for increases up to 14%. But the Solomonic approach pleased no one.
One landlord told WCBS 2 the proposed hikes won't help, "We're not going to be able to do painting. We're not able to do our façade. We're gonna have to forego putting on a new roof. We'll have to do patch work instead of replacing items."
But a 70-year-old woman who has lived in the Stuyvesant Town for 30 years said to the Daily News, "Nine percent is totally out of the question. It just makes me sick. I'm paying $1,200. Today I had no hot water."
There will be other public meetings before the final vote on June 19.
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"Nine percent is totally out of the question. It just makes me sick. I'm paying $1,200. Today I had no hot water."
Then MOVE!
No one is forcing you to live there!
Landlords are such liars: "I can't afford to do a new roof." -- what bull; that qualifies for a permanent MCI increase. Divide the cost over four years, and then the rest is gravy. It's amazing how many stupid landlords don't know how to work the MCI system, which was revised in their favor.
Free markets do no not guarantee smart, effective landlords.
Discuss amongst yourselves.
I thought there was a program that waived rent increases for elderly people.
There was a lady that up until recently lived in my rent controlled building since it was built in 1927. I wonder what her rent was by the time she left?
Er, sorrym I meant "rent STABILIZED building", not controlled.
Earth to old lady - $1200 a month in Sty Town is the deal of the century. I'm guessing it's not a walk-up studio either, but a one or two bedroom that's plenty subsidized by the market rate apartments in the building.
Honestly, is anyone here not living on a fixed income?
The point is that she deserves to have hot water just as much as any other tenant. I bet the hot water doesn't go out at "random" for the market rate tenants.
I like how we get this same story every year. "Tenants think rate increase is too high! Landlords think it's too low!"
In other news: water wet, sky blue, etc ...
Eventually everything must go up in price. If the tenants don't like it then move. There is 49 other states out there.
I like how we get this same story every year. "Tenants think rate increase is too high! Landlords think it's too low!"
At least this has been the case for the past 15 years (as far as I can remember)? Can someone give me a year in which one side was completely happy?
It seems that the RGB must be doing its job properly if both sides are miserable. I dislike rent increases as much as the next person, but since when is property ownership supposed to be a non-profit activity?
Abolish the fucking rent stabilizations already! If landlords want to jack rents to the moon, let them try! If a tennant wants a duplex in the West Village for $1,200 , let them try! Why is everybody overpaying so a few assholes can underpay? Imagine if they did the same with parking, or gas, or food, or taxes...wait, Bush did do the same with taxes.
Chicago is cheap! Move here!
Actually, if tenants think it's too high and landlords think it's too low then it's probably a really good compromise, no?
Haha, that old lady should know after 30 years in Stuy Town that no hot water is a common occurrence around there. Especially now that they're trying to replace some of the ancient rotted pipes that make tap water there taste disgusting.
yeah, other cities got rid of rent stabilization some time back. Doomsday never came. This system makes everyone pay through the nose so very few can win the housing lottery. Ridiculous.