Antioch Approves Rent Stabilization With Rollback Date, New Tenant Protection

Antioch Approves Rent Stabilization With Rollback Date, New Tenant Protection

Tenants worried that landlords would raise rents before new rent controls go into effect will find it easier to rest as the city council approves a rollback this week and tightens the new rules. Although the council approved the rent stabilization rules in its first reading last month, it ultimately did not approve them at … Read more

GOP must tackle rising rents by letting Chinese investors play fair

GOP must tackle rising rents by letting Chinese investors play fair

The rent is damn high. But really this time. Rents rose this year: the national median in May was 16.7% higher than the year before. Inflation was a driver: as prices of everything rose, so did the cost of your home. COVID-19 also played a role. Landlords who had been hit financially when rents collapsed … Read more

Why NYC’s housing market is so crazy — and affordable housing is so hard to find

Why NYC’s housing market is so crazy — and affordable housing is so hard to find

It’s easy to conclude from the craziness of New York City’s rental market — including that long line for a tiny, rent-regulated East Village apartment that made The Post’s cover — that what the city needs is more “affordable housing.” But it’s not true. Not only do New York City and the state overall have … Read more

The rent cap system’s broken

The rent cap system’s broken

Are the members of the city’s Rent Guidelines Board aware that inflation is now at 8.6%? If so, what were they thinking Tuesday when they limited rent hikes to just 3.25% for one-year leases and 5% for two-year leases? Indeed, the caps — which apply to the city’s 1 million rent-stabilized apartments — are so … Read more