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Old 06-20-2013, 06:43 PM
 
2,503 posts, read 4,001,719 times
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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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Old 06-20-2013, 06:55 PM
 
Location: NYC
114 posts, read 228,580 times
Reputation: 152
damn
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Old 06-20-2013, 06:56 PM
 
Location: Beautiful Pelham Parkway,The Bronx
9,052 posts, read 22,441,174 times
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LOL. Good news for you . We'll see what the renters think.
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Old 06-20-2013, 08:51 PM
 
1,431 posts, read 2,436,631 times
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I am curious, what bad thing would happen if the increase were less?
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Old 06-20-2013, 09:25 PM
 
208 posts, read 442,104 times
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How much was the rent increase last year?
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Old 06-20-2013, 10:28 PM
 
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Quote:
Originally Posted by nycangel View Post
How much was the rent increase last year?
2% for a 1 year renewal and 4% for a 2 year renewal.
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Old 06-21-2013, 03:19 AM
 
38,205 posts, read 38,561,765 times
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Quote:
Originally Posted by hilltopjay View Post
2% for a 1 year renewal and 4% for a 2 year renewal.
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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Old 06-21-2013, 04:36 AM
 
Location: Manhattan
23,810 posts, read 33,265,761 times
Reputation: 11488
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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Old 06-21-2013, 04:41 AM
 
94,343 posts, read 92,032,350 times
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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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Old 06-21-2013, 05:33 AM
 
Location: Manhattan
23,810 posts, read 33,265,761 times
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Quote:

i am not sure either how they calculate housing costs
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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