Why we need rent regulation - NY Times discussion

 

NY Times

Strengthen Rent Regulations

Jaron Benjamin
A record number of rent stabilized tenants have trouble paying their rent. And they face the highest increases in five years while landlords profit.
UPDATED OCTOBER 16, 2013, 8:13 PM

A common misconception is that these tenants are all rich people from Manhattan. A recent study shows that most rent stabilized households make less than $38,000 per year, and the Bronx has the highest ratio of regulated housing; four out of five apartments there are rent regulated. The same study, produced by the City of New York, says a record number of rent stabilized tenants are in danger of not being able to pay rent and getting evicted. Meanwhile, they face the highest rent increases in five years while their landlords reported an overall profit.
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