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Re: An honest question about Rent Stabilization

Posted by gary on June 06, 2000 at 18:51:57:

In Reply to: An honest question about Rent Stabilization posted by NYC Tenant on June 06, 2000 at 14:47:18:

You don't have a problem with Rent Stabilization. Your problem (which we all share, I imagine) is with the ridiculous rental market! Rent Stabilization keeps your landlord from raising the rent not just 4% or 6%, but 15% or 100% or 1000%, depending upon what the market will bear.

If the market was slow, he might not raise your rent at all. That happened with me seven years ago, when I moved into my apartment. Didnt raise the rent for two-three years. Rent Stabilization keeps tenants from being gouged. Because of the shortage of desirable apartments, deregulation would merely mean that ALL tenants would be gouged, and not just ones moving into Manhattan.

Very few apartments in desirable neighborhoods of Brooklyn rent below $1000. I'd bet that if it wasn't for Rent Stabilization you'd be paying maybe double for the same dump.

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