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Building expenses go up, rents are frozen. Values of buildings decline, and less property taxes on the buildings are paid. Freeze the rents for too long, and buildings deteriorate. Freeze the rent for too too long, and they are abandoned or torched. It happened in the South Bronx and other neighborhoods, and it can happen again.
Just cause your in a rent stabilized apartment doesn't mean your rent is super cheap. In fact many rent stabilized apts in not hot neighborhood in the boro's are equal or more to market rate.
Just cause your in a rent stabilized apartment doesn't mean your rent is super cheap. In fact many rent stabilized apts in not hot neighborhood in the boro's are equal or more to market rate.
That... doesn't make their rent high. Yes, legal RS rents are equal to or even above market rates in a lot of the city--in the parts of the city where market rates are cheap. Or are you trying to argue that Jamaica, Morrisania, etc. aren't cheap?
Anyway, a rent freeze would be phenomenally bad for the city. But I also think de Blasio is smart enough not to do it--it's all rhetoric.
That... doesn't make their rent high. Yes, legal RS rents are equal to or even above market rates in a lot of the city--in the parts of the city where market rates are cheap. Or are you trying to argue that Jamaica, Morrisania, etc. aren't cheap?
Anyway, a rent freeze would be phenomenally bad for the city. But I also think de Blasio is smart enough not to do it--it's all rhetoric.
Cause $1000+ for a studio where you hear gun shots from your apartment is a good deal
If your willing to pay, and the market has demand it is! It's called CAPITALISM,
I'm not willing to do that but many don't have a choice as they need an afford place to live. Sure you can find more affordable bigger apartments but what about the single people living alone. Studio prices are high every where. I don not think people should be paying more then $1000 for a studio apartment.
Think about it, what about the people make say $30,000 a year and live alone. Paying $1200 in rent is more than 1/3 of their income. This city needs places for people to live to work those job that don't pay $50,000 + a year.
Rent stabilization mostly benefits older and often well-off tenants in Manhattan, who rented their apartments when they were very cheap. You're average rent stabilized tenant in Brooklyn, Bronx, Queens and upper Manhattan is paying close to rent (the rent might be $1,129.46 when the market rent is $1,150).
Rent stabilization mostly benefits older and often well-off tenants in Manhattan, who rented their apartments when they were very cheap. You're average rent stabilized tenant in Brooklyn, Bronx, Queens and upper Manhattan is paying close to rent (the rent might be $1,129.46 when the market rent is $1,150).
Not sure where in Brooklyn or Queens you are renting. But an average apartment in Brooklyn goes for 2800, and 1500+ in Queens depending on how far you are from public transportation.
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