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