Same As It Ever Was: Rents Going Up Again, But At Least Less Than Before
Do you think the rent is too damn high? Too bad, because it’s about to get higher.
On Thursday night, the Rent Guidelines Board, those hated real estate price setters, approved a rent increases of 2 percent for one-year leases on rent-stabilized apartments and 4 percent for two-year leases, according to the New York Daily News.
Sure, it’s better than last year’s increase, which the board set at 3.75 percent for a one-year lease and 7.25 percent for two-year leases, but it is, as always, an increase, something that not that many people get from their jobs on a yearly basis. Read More
