Rents, they will go up. Because that is what they do, despite rent being one of those rare cases in life in which we’re convinced — in fact, expect – to annually pay more for the same thing we previously got for less. The good or sort of good news this year is that rents are not going to go up that much, at least not for rent-stabilized folks, who, let’s face it, are paying less anyway, but that’s probably because (like us) they need to.
The Rent Guidelines Board met last night to decide what the damage would be. Curbed reports the happy news that increases were lower than usual, at 2.25 percent for one-year leases and 4.5 percent for two-year leases renewed between this October 1 and September 30, 2011.
Also, one member of the committee cried before she voted rents up. And apologized. When is this sorry crap going to end?
Still, never in the history of rents and New York City has a tenant ever wanted to pay more in rent, and never in that same history has a landlord ever wanted to charge less. This is the dramatic tension that keeps us invigorated in life and occasionally incites us to punch walls (which we then have to pay to fix). And this is why the Rent Guidelines Board must sometimes break down like a eensy babe and weep for forgiveness because they can’t do right whatever they do. And they get booed. Poor things.