Millions of New Yorkers can expect to see significant increases on their leases,
"They don’t care about human rights. They don’t care. They think they’re talking to dogs, trees and rubbish! They’re not concerned about us," one tenant told FOX 5 NY back in June.
Tenants, as always, have said that rents are too high and that consumer inflation has hit New Yorkers hard. Last year, the Rent Justice Coalition, a group that advocates for tenants, called the last proposal to raise rents "outrageous" and blamed Mayor Eric Adams. According to research firm Miller Samuel and brokerage firm Douglas Elliman, the median rent was at a record high as well, at $4,400 a month.But landlords have argued that inflation has affected them, too, with rising costs of maintenance, materials, fuel, and more. The Rent Stabilization Association, which represents building owners and managers, said the increase acknowledges "alarming trends" in the city's "aging housing stock.
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