| Topic Name: |
NY Covering rent hike story question.. |
| Message Name: |
and obviously you've never lived in New York |
| Date Posted: |
05/05/2005 |
| In Reply To: |
News flash. Most cities/states have laws regulating the amount rents can increase in a 12 month period. THIS IS NOT NEWS. Rents go up usually when your lease is up and most landlords, no matter where you live, will take the maximum the law allows.
Of course, if owners like you as a tenant, they're going to maybe cut you some slack if they don't want you to leave. It's a pain to clean and re-lease an apartment because as an owner you're dealing with a new unknown. You don't know how these new people will trash your property or if they'll pay on time.
New York is just warped when it comes to this area. They need to ditch the rent controls and the board. What would happen is rents overall would probably come down. Though the rent control people sitting in $250 a month apartments will be weeping and wailing.
But, this is not news. Unless you pick the angle of reporting on why New York is so out of step with the rest of the country in this particular area.
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| Message: |
It's a story.
It affects millions of people.
Millions.
Look at it this way.
The average sale prices for an apt in New York is more than a million dollars.
That's an apt.
Not a house.
Not a mansion.
An apt.
Rent hikes may not be a story where you live, but they'e definitely newsworthy in New York.
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