Confirming a preliminary vote in May, the New York City Rent Guideline Board voted Tuesday to approve a range of increases in rent-stabilized buildings affecting more than 2 million tenants across the city.
Renters with one-year leases can expect a 3.25% jump in their rents, while those with two-year leases will see rents the climb 5%.
The vote of the board — composed of nine mayor-appointed members which include two landlords, two tenants and five are considered public members — disappointed plenty of tenants and rental advocates.
“I waited to see how this allegedly neutral process would unfold and
frankly, I’ve seen enough,” said board Tenant Member Adán Soltren, as he
expressed his disappointment in the increase vote on June 21. “Despite
all our good faith efforts, the public members [of this board] decided
that rather than listen, digest and make informed decisions, they’d
rather keep moving the goalpost. People on this board today are choosing
to continue to uphold a racist, classist system that pushes Black and
Brown people and low and moderate income working families into cyclic
poverty and out of their homes.”
Board Public Member Christian Gonzalez-Rivera also condemned the vote, and addressed the statements made by fellow board members indicating that the only way for property owners to cover their operating expenses is to increase rent – even if the increase means tenants cannot afford to live in the units.
“Landlord representatives that told us [the Rent Guideline Board] at
these hearings that, since the HSTPA (Housing Stability and Tenant
Protection Act of 2019) closed their alternative avenues of raising
rents beyond the levels that are voted on by this board, that they now
depend on high enough increases from this board in order to keep up with
increases in operating expenses,” said Gonzalez-Rivera. “This is simply
not true. The only way that this could be true is if you think of the
rent-stabilized housing market as a closed system, where the only input
is rent.”
19 comments:
Jimmy McMillan said...
The Rent Is Too Damn High !
"Rent and the deficit is too damn high. Poverty and unemployment both up in the sky. Wages and education is too damn low, economic recovery is too damn slow." JM RIP...
https://www.youtube.com/watch?v=rHEitsYJnmw&ab_channel=animalnewyork
GB said...
The INSANE way leftist media just DEFENDED Democrats on gas prices.
Brandon cancels all possible oil drilling projects and land leases and then blames the oil companies for high prices.
https://www.youtube.com/watch?v=uYVWUwljFpI&ab_channel=GlennBeck
Some Prog dolt sez:
"People on this board today are choosing to continue to uphold a racist, classist system"
Zzzzzzzz. Always the same spiel.
"...that pushes Black and Brown people and low and moderate income working families into cyclic poverty and out of their homes"
Black and brown people! Hey, what about yellow people? Oh yeah, Chinese make shitloads of money in America, despite all the raceamicism. And hey, aren't dot.Indians brown? Then why do they have one of the highest income levels of any group in America? They must get a special Get Out Of Being Brown pass or something.
As for "cyclic poverty," that's mostly because Shani-qua spends every free dime on her nails and hair extensions, and gives whatever's left to whichever of her five Baby Daddy's is shacking up that week. "Cyclic poverty" is a disease of behavior and free choice.
Nothing will change in NYC as long as the Sheeple keep voting for Electurds who have sold their souls for power and money.
I know that landlords costs have increased way more than 5% just this year alone. And there haven't been any rent increases in the last two years because of COVID. How are small landlords supposed to keep their property maintained when it's costing way more than what they get in rent?
“This is simply not true. The only way that this could be true is if you think of the rent-stabilized housing market as a closed system, where the only input is rent.”
So what are these other inputs? She doesn't say, the article doesn't say.
You know...a city wide rent strike might be in order. Just sayin'...
Let the market determine the cost of rent. Remove the close to one million apartment off the rolls. Supply and demand economics 101
So much for communism.
Well when you opened up the southern border and opened up the immigration flood gates so everyone can run to nyc, that's when you knew a huge can of worms was going to be opened. They have pushed up the rent prices so high and investors too have made the prices so damn high here but the government does nothing to protect citizens. What did they think would happen when the two things came together? And now it's starting to rear its ugly head again. And rent stabilized apartments are not exempt from the shit the government allowed to happen. Too much immigration + investors = higher rents + higher home prices. Without any kind of regulations on the opened borders or regulations with home investors, it will only get worst. NOBODY who is renting or wants to buy a home is safe.
2008 all over again.
https://www.cnbc.com/2022/06/22/demand-for-adjustable-rate-mortgages-surges-as-interest-rates-jump.html
Did you think "Build Back Better" and "Great Reset" was a joke?
NYC housing has always been expensive.
Just saying...
The hundreds in the middle of the night planes dropping off 100,000's of illegals is paying off for the rich.
@“ Did you think "Build Back Better" and "Great Reset" was a joke?”
Just like MAGA then?
@“ Did you think "Build Back Better" and "Great Reset" was a joke?”
No.
@"2008 all over again."
CNBC ? Fake News !
Next ...
@CNBC ? Fake News !
Very true, but even a broken clock is right twice a day.
Actually they are letting the world know about the next financial crime.
Predictive programming.
Those houses look great. Where is that?
@Anon re: houses
Those were just recently built in East New York by Lindenwood.
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