N.Y.C. Mayor Compares Housing Activist to Plantation Owner
new video loaded: N.Y.C. Mayor Compares Housing Activist to Plantation Owner transcript Back transcript N.Y.C. Mayor Compares Housing Activist to Plantation Owner Mayor Eric Adams told Jeanie Dubnau to “treat me with the same level of respect I treat you” and compared her to a plantation owner when she pointedly asked about back-to-back rent hikes. […]
Read More
Mayor’s Tax Proposal Offers a Solution
Detroit. Mayor’s new land value tax may help. getty Despite Detroit having the lowest home values of any metro in the country, Detroit renters still struggle with affordability. In fact, it costs 24% more to rent the typical home in the Detroit area than it does to buy it. That’s the biggest rent premium among […]
Read More
Boston Mayor Michelle Wu proposes capping rent increases in city
Boston Mayor Michelle Wu wants to bring rent control back to the city.The mayor’s plan that was presented to the rent stabilization advisory committee Tuesday night would limit rent increases to 6% higher than the federal Consumer Price Index.New apartment buildings would be exempt for the first 15 years. Triple-deckers and small owner-occupied rents would […]
Read More
The rent cap system’s broken
Are the members of the city’s Rent Guidelines Board aware that inflation is now at 8.6%? If so, what were they thinking Tuesday when they limited rent hikes to just 3.25% for one-year leases and 5% for two-year leases? Indeed, the caps — which apply to the city’s 1 million rent-stabilized apartments — are so […]
Read More