The New York State Tenant Bloc is advocating for a rent freeze amid rising costs. While tenants are under financial pressure from rent increases, property owners also face escalating costs. Not all landlords are corporate giants; many are small owners who rely on rental income. The Citizens Budget Commission warns that a freeze could worsen the condition of rent-stabilized buildings, leading to increased foreclosures and further deterioration. Thus, while tenants deserve financial relief, a rent freeze may undermine landlords’ ability to maintain properties, threatening overall housing stability.
Members of the New York State Tenant Bloc rallied at the Rent Guidelines Board meeting, urging for a rent freeze amidst a backdrop of rising costs and landlord concerns.
The Rent Guidelines Board's recent rent increases stem from necessity, not greed, highlighting the financial pressures faced by both tenants and landlords in New York City.
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