Your Turn: Dreading a Rent Hike?
On Monday night, New York City's Rent Guidelines Board voted to crank up the monthly checks to landlords. By how much isn't yet clear, as the board plans to keep mulling that over. The Daily News provides this snapshot:
"Despite outraged protests, the board voted 5-to-4 to review a range of hikes over the next few weeks: from 3% to 6.5% for one-year leases and from 5% to 8.5% for two-year leases.
If the board goes for the big numbers, reports the News, the hike would be the largest since 1990. The prospect of paying more outraged 55-year-old Mary Allen, of Brooklyn, the paper says.
"You don't know what it is to have no hot water," she told the panel. "Can I come to your house and take a bath?"
Any of you feeling her pain?