NYC Rent Guidelines Board Votes To Consider Increase On Leases

NEW YORK (1010 WINS) — Emotions ran high Tuesday night at Cooper Union as the New York City Rent Guidelines Board voted to consider increases on one and two-year leases.

The board agreed to put a 3 to 5.75 percent increase on one-year leases and a 6 to 9 percent spike on two-year leases up for a vote on June 27.

Tenants that spoke with 1010 WINS’ Terry Sheridan expressed dismay about the possible increase.

1010 WINS’ Terry Sheridan Speaks With Tenants And Landlords On Opposite Sides Of The Issue

“Three years we haven’t gotten an increase in Social Security, but I got my rent increase. I don’t begrudge it, but you know…I expect to live a long time, so how much can this keep going up?” one woman said.

“The landlords just don’t care. They think the people are millionaires. We’re willing to pay, but they’ve gone crazy,” another woman remarked.

However, landlords had a very different take on the issue, saying they were unable to make money with such stringent rent regulations.

“I really think that the truth needs to come out. All these people that are paying $200 a month in rent and then screaming that they’re starving,” one landlord said.

“Imagine paying a $100 a month in rent. That hurts all the people that are paying their fair share,” said another man.

Landlords argue that thousands of people are paying under $299 a month.

Still tenants were quick to point out that with difficult economic times, any increase would prove detrimental.

“People pay a greater and greater percentage of their gross income for rent. And costs are going up, while income is not. So it’s basically a thing of survival,” one man said.

SOUND-OFF: Do you agree with the tenants or the landlords?  Tell us in the comments section below…

  • Grant

    And Aleksandr forgetting even smaller details.
    Not all of our politicians are landlords, they just paid by landlords.
    Not as a salary but as election funds, covered gifts to campaign, contribution or free tickets to the theater, restaurants etc…

  • A.N

    Did anyone even pay attention to real estate market?
    Prices for housing on 2002 level and still going down!
    Original raise for rent was proposed when oil price was at $115 per barrel. Today it is below $100 and going down as well.
    So what is the reasoning for rent increase, beside landlords greed?
    I do not know.

  • Aleksandr Nemets

    Instead of making all that worthless noise take actions.
    Best way to help all New yorkers is to make rent tax deductible.
    This way everyone involved will think twice before even try to raise rent.
    Because if rent is tax deductible it will lower amount of taxes taken from us to government while taxes from landlords will be raised amount wise.
    Will one compensate another, doubtful. But it will make tax spenders think twice before vote to raise rent!

  • M. LeClerc

    The worst fear NYC shark landlords have is a TRUE AUDIT and opening
    of their books to see if they really need the increase.
    They gouged store renters out by greed and now make the renters pay
    for it upstairs. Time to leave them and this city.

  • VF

    There are a lot of landlords that are requesting rent increases which already can charge more, with apartments registered at above market rate, however they a renting on preferential rents because they know that the market can not bear the registered rents. On this matter alone, this proves that landlords do not need the increase, they need to tell the city of new york to stop the increase in taxes, that is the real killer. Bloomberg and the City Council needs to put a brake on the real estate taxes, they are hogging it.

  • Nick

    And with cost of heating spiking up. This measly increase will just mean more “slumlords” as the buildings get too expensive to maintain. Re. t. ards.

  • Spacewillsetusfree

    Ha ha, I can live Rent Free on the Moon.

  • Wolf

    What people need to realize is the cost in operating a an apartment building in Manhattan. Maintenance and repairs, heat, air conditioning, water and sewer, electric, gas, property taxes, mortgage payments…. there are many, high costs in running an apartment building. Landlords should get a REAL increase… 10 percent and up.

    • Grant

      And then they can call homeless people and offer them an empty building free of rent. Since nobody else will be able to afford to live in NYC!
      Nice going jerk.

  • Dale Auburn

    The idea that landlords might actually be able to recover their costs is outrageous. How can that be allowed in this day and age?

    • Aleksandr Nemets

      Yes, really how? If assembly will force landlords adjust rents to just to recover their cost itt would actually force them to decrease rent in some cases more than 60%.
      That should not be allowed at all!

  • Marco

    It’s shameful that news outlets come out with stories about rent regulation suggesting that most tenants pay $100 or $200 or $300 dollars in rent. The statistics are published every year for reporters to check. The median rent-stabilized apartment is about $1,000 per month, and the median rent stabilized income is $36,000 – 1/3 of their income. Still, 1/4 of tenants who have rent stabilization pay half or more of their income in rent. Meanwhile, he average profit for landlords of rent-stabilized apartments is a whopping 36%. This isn’t some fringe program for a few lucky people. 2.5 million New Yorkers have rent stabilization – twice as many as pay market rents – and these laws are the only reason that most New Yorkers can afford to stay in their neighborhoods. The reason why rents are going crazy is that landlords are allowed to deregulate vacant units, and that’s what we need to fix. It’s not a crazy thing to say that there’s a thing as too much rent, or that tenants should have the right to stay in their apartments paying increases that are close to inflation. (In fact, rent stabilization increases have far outpaced inflation, but that’s a different matter.) The problem is that more and more apartments aren’t rent-regulated at all, and those landlords can charge outrageous prices and then get the tenants who pay those outrageous prices to resent those who are protected, whose rents are more reasonable. We won’t solve the housing crisis by taking away vital protections from who have them. We need to give those basic protections to everyone else.

  • Jay

    paying $300 in rent? thats just outright theft. im sure none of the tenants realize how much the costs have increased recently. being a landlord has practically become charity work: with property taxes increasing and the price of heating oil SKYROCKETING, it makes no sense to be a landlord in NY any more.

    • Michael H.

      $300 INCREASE per month. For example, going from $1200 to $1500 a month.

      • Michael H.

        Woah, read the article too fast.

        Where does one find an apartment for $300 a month? I need to get the number for that apartment complex!

      • Aleksandr Nemets

        They arguing without saying that those people are elderly or disabled people.
        Try to live getting $800 from Social Security Administration for a month and out of those $300 is a rent!!!
        It is shame for landlords to even talk about those few people while most of us paying way over $1200 for one bedrooms…

  • Trish

    The rent is too high, I am paying $1200 so I hope that the lower percentage takes effect. I am also unemployed and have noticed that employers are not willing to pay a decent salary. I do not know how people that make up to $40,000 can make ends meet. the cost of everything has increased so much but regular individual salaries have not. Not everyone is a CEO of a company.

  • Nick9075 NYC

    She is complaining about an extra $100 a month?? rents are soaring everywhere by double digit percentages especially in the suburbs & in Brooklyn & Queens. You can’t even find a studio for less than $1,200 outside Manhattan

  • Nick9075 NYC

    Those increases are a GIFT. $100 a month extra in rent?? try an extra $400 – $700 a MONTH if your apartment is market rate especially outside Manhattan. Rents in Westchester & Fairfield County CT are soaring especially as well as on Long Island — so don’t think you can escape to the ‘burbs’ for cheaper cost of living — oh and there is that $250 – $300 a month for the MTA to use the LIRR/MNRR & Subway.

    But $100 a month extra is ‘too much’ ?? really?? That person is darn lucky they aren’t looking for an apartment today which is reminiscent of the late 1990’s or mid 2000’s when a real estate agent wouldn’t show you anything until they say all your paperwork and ran your credit

    • Aleksandr Nemets

      you forgetting small detail.
      MTA/LIRR expenses can be taken out of your salary before taxes just use proper expense account or transit check, rent can not. So out of 300 for LIRR/MTA you actually spent no more than 200.
      But that is not the point.
      Right now all reasoning for rent hike is gone. Oil prices down, real estate market is down.
      What remain is complete lack of comprehension by politicians and landlords that people struggling to make living in this city and state. And landlords greed remains, which actually is not a mystery since most of our politicians are a landlords….

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