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The Emergency Tenant Protection Act of 1974 (ETPA) expanded rent stabilization to other parts of New York State. [24] The Local Law 30 of 1970 introduced a new method of rent control price calculation, based on the Maximum Base Rate, which adapted to the changing costs faced by landlords, allowing them to pass those costs on to renters.
Between 2000 and 2012, the median rent of an apartment increased 75 percent in New York City compared to 44 percent for the rest of the United States. The increase impacted the poor and working class most.
Using the 50/30/20 rule, GOBankingRates can calculate the average living wage a single person needs to rent a one bedroom apartment in New York City by doubling the 50% needs category.
William A. Moses, the founder of the Community Housing Improvement Program, a trade association that represents the owners of over 4,000 apartment buildings in New York City, said in 1983 that rent control was "the principal reason for neighborhood deterioration" and that at least 300,000 apartment units would have been built in New York City ...
Mom of 5 Reveals Steep Rent for N.Y.C. Apartment She Uses for 'Storage' — Despite Having $12K Apartment Across the Hall (Exclusive) ... to challenge rent stabilization laws in New York City that ...
The rent laws had a chilling effect on rent strikes in New York City with because they resolved the issue of exorbitant rent increases. [18] The last reported major on rent strike of this period would occur on December 1, 1920. When 4,500 tenants of East Fordham, Bronx [s] went on rent strike. Tenants were calling for a 7% rent decrease, as the ...
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