PART 1: Tomassetti, Briella. “NYC Rent Increase Approved for Rent-Stabilized Apartments: What to Know.” FOX 5 New York, FOX 5 New York, 22 June 2023, www.fox5ny.com/news/nyc-rent-increase-approved-rent-stabilized-apartments.
PART 2:
Rent stabilized apartments
Rent Guidelines Board
Inflation
1-year-leases
two-year leases
Landlords
property taxes
PART 3:
As new yorkers rent stabilized apartments struggle to pay rent, the Rent Guidelines Board pushed out a law that will increase rent. These tenants are still trying to pick themselves up from the pandemic and the inflation. According to the study recorded by Briella Tomassetti on FOX 5, she states “[…] the board voted to raise rents on one-year leases by 3%.” Conflict between tenants rises to the landlords which they are also struggling to pay property taxes that were also inflated in price. It’s a game of “who is there to blame!”
PART 4:
The quote that is mentioned in the article is no lie. People don’t care about people that live in apartments. I, myself, who’s been living in an apartment in Queens, I have first hand witnessed the increase in rent. My dad who’s been trapped in the “American dream” working 9-5 his whole life ever since he stepped foot into this country. Watching him work and work and not being able to help him at the moment is very disappointing. There’s only so much to blame the landlord but they, themselves are also struggling to pay the property taxes. I’m sure morally they feel bad but what can they do? They are also citizens who need money and will do whatever makes them money. Who is there left to blame for the rent?
PART 5:
“”They don’t care. They think they’re talking to dogs, trees and rubbish! They’re not concerned about us.””
“[…]the board voted to raise rents on one-year leases by 3%.”
“On two-year leases, rents will go up by 2.75% in the first year and 3.2% in the second year, averaging out to a 4.4% increase over the course of two years.”
“Landlords, on the other hand, said they desperately need the money to combat rising property taxes, insurance, building repairs and other hefty costs across the board.”







