Is Your Rent Too High? NYC Calls for Home Rule on Rent Laws
As this year’s historically low rent increase goes into effect Oct. 1, tenants, elected officials, and advocates are starting the campaign for rent reform, calling for a rent freeze for 2015.
Council member Ben Kallos said the increases set by the RGB years before have been higher than necessary, as the Price Index of Operating Costs—the metrics that determine inflation for building owners— often exceeds the inflation of consumer goods as shown on the consumer price index.
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