Rents Going Through The Roof

The cost of renting an apartment in New York City could rise 9.5% if the proposed increase is approved on June 19th. Rent Guidelines Board Chairman Marvin Markus thinks that’s the appropriate number now. Many are unhappy with a straight, across-the-board increase. So why not try a more specific approach? Future rate increases could be directly linked to the quality of life and conservation/recycling efforts for each building. Buildings with higher grades would get higher rent increases. In that way, tenants will truly be getting what they pay for. Dollhouse owners need to play nicer with their lower and middle income-class toys.