Photo credit: @julesdwit.
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Charles Bagli, New York Times reporter, goes through some of the ways the city and state are affecting housing costs, from rent regulations to property taxes.
I hope you try to address the tax issue on another show.
Charles Bagli was very disappointing: getting out the old banjo and playing those Upper West Side "Park Avenue" envy blues ain't going to cut it!
Finance used commercial and mixed use buildings as comparables with Queens garden apartments. Sadly, it seems we still live in the age of Arthur Anderson accounting!
I believe Clr Weprin or Sen Stavisky FOIL-ed Finance on their methodology for assessing buildings. Perhaps they would be more useful interlocutors for a future show? Or the lawyer for Glen Oaks Village?
...maybe when your new 2-yr lease is up in 2013, the increase will be less than 9%...(because NY's million+ tenants have marched on City Hall and The Capitol and put these millionaire politicians in line...)
The problem with the rent-increase procedure is that it has been based on a percentage-increase system for years and, as the evidence clearly demonstrates, the annual RGB rent increases have not been even close to the rate of inflation. The result is people who have never moved have ridiculously good deals that do not even begin to cover the cost of their apartments, while the few modifications to the laws that allow landlords to take bigger increases have resulted in newer tenants paying stratospheric prices for the scraps left behind. So, the percentage increases proposed for this year, while high by historic standards, would still result in, at most, someone paying $400 per month for a 2 BR on the UWS having their rent raised to the still unsustainably cheap rate of $436, while someone paying $1,800 for a studio getting an increase of $162. It's a complete joke. There must be minimum increases so that those who have been riding the gravy-train for years can start pulling their own weight.
for me, a tenant in a rent stabilized apartment, does this mean it would be wise to renew my lease this month for two years at 4.5% rent increase?
Big FOLLY to equate the interests of tenants and landlords -- to say they are "equally" unhappy. This is absurd. Huffing and puffing by the landlords is a political tactic to con officials, reporters , and apparently you, into finding some "middle ground" that really isn't...When fuel prices go down, do rents? The pressure on working class NYers is outta control.
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