NYC Rent Board Approves Slightly Less High Rent Increases This Year

It’s that magical day of the year, when New York City’s Rent Guidelines Board approves ridiculous rent increases! Rent stabilized apartments will only see increases of 2.25% on one-year leases and 4.5% on two-year leases” this time around. One of the tenant representatives on the board actually cried afterward about how terrible it was-and yet landlords are still pissed off. This phenomenally broken system: still broken. Good luck dancing on the tables all night at the Life Cafe NOW.