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- Rise in gas prices drives up construction costs...so fewer rental developments are being builtAnd it doesn't seem like the CPI will drop any time soon. Another interesting reminder: Federal guidelines recommend that rent money should be 30% of household income, but in NYC, the Metropolitan Council on Housing says that more than 25% of people spend half their income on rent. Yeah, it's depressing - can we apply for federal subsidies? Or better yet, state subsidies, considering how much of city taxes go upstate?
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http://www.nynewsday.com/news/local/nyc-rent1026,0,5821013.story?coll=nyc-homepage-breaking2">too low for the RSA, which says that heating costs and taxes have outpaced that increase. Tenants rights group, the Metropolitan Council on Housing, tells Newsday, "It's outrageous the landlords are suing for even more when they don't deserve what they got in the first place," but the RSA says the lawsuit is really to get the Rent Guidelines Board to "release how it determines the rent hikes." You know, in the court of public opinion, landlords are always going to get a bum rap when their colleagues are engaging in emotional and sometimes physical warfare with tenants. If there's only group of New Yorkers that needs a PR consultant, it would be these knuckleheads.
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