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Re: Rent Stabilization laws

Posted by a culp on April 17, 1997 at 12:32:55:

In Reply to: Rent Stabilization laws posted by Mark Ralin on April 17, 1997 at 00:20:55:

why should we give the landlords 13%? with this year's legal increases they can raise our rents 4% on a 1-year lease and 7% on a 2-year lease. That's more than my salary has increased in the past year.
the landlords are not hurting. the rent on stabilized apartments go up every one or two years (depending on the length of the lease). Most buildings in NYC (70%)are owned by large developers, corporations or management companies (like yours). The system has worked, has enabled middle- and lower-income people to live in the city (til now). Luxury decontrol was implemented to make all those rich movie stars pay "market" (read: unreasonably high) rents. landlords are simply greedy! I pay nearly $800 for a stabilized 1-br apt. and that is certainly enough to cover maintenance, taxes, etc. and give the landlord a healthy profit. When it's decontrolled and goes up to $1300, they'll just get a "healthier" profit.

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