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06-20-2013, 06:43 PM
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2,503 posts, read 4,001,719 times
Reputation: 1941
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Just approved:
4.00% increase for a 1 year renewal
7.75% increase for a 2 year renewal
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06-20-2013, 06:55 PM
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Location: NYC
114 posts, read 228,580 times
Reputation: 152
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damn
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06-20-2013, 06:56 PM
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Location: Beautiful Pelham Parkway,The Bronx
9,052 posts, read 22,441,174 times
Reputation: 7340
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LOL. Good news for you . We'll see what the renters think.  |
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06-20-2013, 08:51 PM
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1,431 posts, read 2,436,631 times
Reputation: 1196
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I am curious, what bad thing would happen if the increase were less?
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06-20-2013, 09:25 PM
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208 posts, read 442,104 times
Reputation: 161
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How much was the rent increase last year?
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06-20-2013, 10:28 PM
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2,503 posts, read 4,001,719 times
Reputation: 1941
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Quote:
Originally Posted by nycangel
How much was the rent increase last year?
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2% for a 1 year renewal and 4% for a 2 year renewal. |
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06-21-2013, 03:19 AM
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38,205 posts, read 38,561,765 times
Reputation: 17775
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Quote:
Originally Posted by hilltopjay
2% for a 1 year renewal and 4% for a 2 year renewal.
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So this is time it is even better for the owners although they are still not happy with the new increases. |
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06-21-2013, 04:36 AM
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Location: Manhattan
23,810 posts, read 33,265,761 times
Reputation: 11488
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But remember,
We are living in a country with no inflation, just ask Bernanke and Obama. Of course, they presume you don't pay rent or eat.
(They can point to a DVD player that went down in price,)
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06-21-2013, 04:41 AM
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94,343 posts, read 92,032,350 times
Reputation: 68659
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or drive a car or heat your house or pay medical insurance.
what skews everything is the fact that financing for everything is lower.
i am not sure either how they calculate housing costs since they made it that everyone rents and no one owns. twhen homes were soaring they took out buying and converted to some method where we all rent regardless.
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06-21-2013, 05:33 AM
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Location: Manhattan
23,810 posts, read 33,265,761 times
Reputation: 11488
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Quote:
i am not sure either how they calculate housing costs
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The same way they calculate everything else, to show falsely that there is no inflation. As odious as Nixon was, at least his administration admitted to STAGFLATION when it was staring us in the face. |
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