Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > New York City
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 04-04-2008, 09:19 AM
 
Location: Hudson Valley
21 posts, read 75,054 times
Reputation: 22

Advertisements

I've been a model tenant in the same building for 12 years. My rent has been going up about 4.5% each year for the past few years. As far as I've been able to ascertain, this is greater than the rate of inflation. It certainly outpaces my pitiful COLA (cost-of-living allowance).

I'm just wondering what sort of increases other long-term renters have been seeing, so I can know whether my situation is "typical" or if I'm being ripped off. I actually live at the northern fringes of the NYC suburbs, but the trends in our real estate and rental markets are definitely affected by what goes on in the city.
Reply With Quote Quick reply to this message

 
Old 04-06-2008, 11:15 AM
 
12,115 posts, read 33,689,401 times
Reputation: 3868
My rent stabilized lease this for year's renewal is 3.0% for a 1 year lease and 5.75% for a 2 year lease. Last year I believe it was 2.75% for the 1 year so it went up a bit. I believe you can check the rent office website for forecasts of rent % increases, they even make them public on the radio so it's no secret. is your 4.5 for a 1 year or a 2 year lease?

I too live at the NY City border

Prior to 2005 i rented in a co-op building. it seemed the landlord had more free play with rent increases. often i would ask to keep the increases to a minimum and as a result one year they never raised my rent; other years they increased it only by $10. however in a co-op building you don't have the right to continued tenancy as you do in a rent controlled or stablilzed bldg so i got kicked out when the landlord sold the remainder of the units

now i'm in a rent stabilized bldg. the rent has gone up more %wise than it did in the other bldg but they can't throw you out unless you violate the lease in some way.
are you in ny city or just over the border?
Reply With Quote Quick reply to this message
Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > New York City

All times are GMT -6. The time now is 10:23 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top