In a time characterized by climate change and rising living costs, the New York City Rent Guidelines Board has voted informally to increase one-year rents by 1.75-4.75%. While this may seem beneficial for landlords of rent-stabilized apartments, Kenny Burgos, the head of the New York Apartment Association, indicated that landlords were aiming for a larger increase. This situation reflects the ongoing challenges of affordability in the face of a warming planet and rising expenses.
This is an era of warming, of drill baby drill, of melting polar icecaps. Things don't really freeze in 2025, and that apparently includes the rent.
Kenny Burgos, who leads the New York Apartment Association, said actually, no, they wanted an even bigger increase than that.
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