There's no doubt New York is an expensive city. We've all heard of young renters working hard and struggling to make ends meet, but it turns out these struggles aren't limited to people in their 20s. It's becoming common for people in their 30s or 40s to need...
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Rent Increase
In which neighborhoods is displacement the biggest threat?
Affordability is one of the biggest issues facing renters in New York. No matter your economic situation, finding affordable housing can be a challenge with rising rents leading to displacement across the city. The Association for Neighborhood and Housing Development...
Landlords flout New York City’s J-51 tax abatement program
You make updates and renovations to your New York City property. Then you slap your tenants with appreciably higher rents. That's not the way that New York City's J-51 tax abatement program is intended to work. Rather, the tax breaks passed along to participating...
Rent-stabilized tenants tell tale of extreme landlord coercion
Data exist to mark and lend understanding of the turnover rate in the legions of rent-stabilized buildings across New York City. When one complex features notably higher-than-average departures, it can be telling evidence of unusual -- even abnormal - circumstances....
Arguments why RGB should have voted for a rent freeze
We recently noted for readers the results of the June 26 vote taken by the New York City Rent Guidelines Board on rent-stabilized lease increases. The RGB decided to raise rents 1.5% and 2.5%, respectively, on one-year and two-year lease terms effective October 1 of...
Lease increases announced for NYC’s rent-stabilized units
The definitive decision annually reached by the New York City Rent Guidelines Board on rent-stabilized lease increases was announced on June 26. It hardly went unnoticed. An amped-up and passionate response to the RGB's dictate was indeed expected, for numerous...
How Housing Court is misused by bad landlords
A recent in-depth article on rent-stabilized housing in New York City and disputes that end up in Housing Court leads off with the assertion that, for legions of people, the term "gentrification" has unsettling connotations. In fact, it is "a dirty word." It's not...
NYC rent regulation about fairness, stability – not affordability
It makes sense why real estate groups and developers' lobbying entities have long pushed - consistently and insidiously - the argument that New York City rent stabilization is all about affordability for the metro's most cash-pressured tenants. As a recent opinion...
Annual push and pull re stabilized rent increases begins
Let the games begin. Actually, that depiction is inapt concerning New York City's annual determination of where the sliding scale should be concerning rent increases -- if any -- on rent-stabilized apartment dwellings across the metro area. The just-underway process...
The Rent Concession Game: Some Considerations
"I'm not looking for bells and whistles," says one New York City apartment dweller who scored housing after a concerted search earlier this year. "I'm looking for an apartment that I can live in." A recent New York Times article indicates that would-be tenants'...