rent stabilization Concepts

The Lonely Century: How Isolation Imperils Our Future

by Noreena Hertz · 13 May 2020 · 506pp · 133,134 words

announced in October 2019 that it was going to enforce a five-year freeze on rents.29 Other cities already either imposing some sort of rent stabilisation measures or contemplating their introduction include Paris, Amsterdam, New York and Los Angeles.30 It’s too early to know whether such initiatives will have

Times Square Red, Times Square Blue

by Samuel R. Delany · 1 Jan 1999

a right—the right of privacy—for all? §1.2. For the last twenty-one years, I have lived in a five-floor walk-up, rent-stabilized apartment at the corner of Amsterdam and Eighty-second Street. In that time, the owner of the building has never been through my apartment door

Endless Money: The Moral Hazards of Socialism

by William Baker and Addison Wiggin · 2 Nov 2009 · 444pp · 151,136 words

rent. By linking mortgage rates implicitly 220 ENDLESS MONEY to income brackets, the GSEs now supplement the progressive tax rate mechanism of the IRS. Like rent stabilization in New York City, it separates homeowners as much by geography as it does income, because the cost of living on the coasts and in

Billionaires' Row: Tycoons, High Rollers, and the Epic Race to Build the World's Most Exclusive Skyscrapers

by Katherine Clarke · 13 Jun 2023 · 454pp · 127,319 words

that I lived on Central Park South, they automatically assumed I was rich. They had no idea that it was a rent-stabilized apartment.” At the time, New York’s unusual rent stabilization laws applied to some buildings constructed prior to 1974. Qualifying buildings had to contain more than six units and developers would

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program remained affordable and rarely raised it more than a couple of percentage points at a time. It also provided certain protections against eviction. The rent stabilization program differed from the more stringent rent control program, which froze rents completely at a certain price. It was under that program, for instance, that

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little as $55 a month for an apartment in SoHo in 2012. Once units became rent-controlled or rent-stabilized, landlords could return them to market rate only under certain conditions. In the case of rent stabilization, those conditions included if the units were vacated or if the building was subject to demolition. Diamond

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was one giant hurdle in the effort to procure a viable development site, a related but distinct challenge was dealing with New York’s byzantine rent stabilization system. The building’s tenants, many of whom didn’t want to move, would not be easily cast aside. Many were of retirement age and

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New Yorkers to the suburbs and feared a major slump in the production of new housing as a result of inflation and the imposition of rent stabilization laws. Over the decades, the program was revised and renewed several times with a view to linking the tax exemption to the production of affordable

City for Sale: The Transformation of San Francisco

by Chester W. Hartman and Sarah Carnochan · 15 Feb 2002 · 518pp · 170,126 words

thirty days, he or she lost the right to appeal the increase; it also required tenants to appeal to a mayorally appointed (rather than elected) rent stabilization board. It exempted owner-occupied buildings with four units or fewer. Most signiﬁcantly, it embodied vacancy decontrol, meaning that in between tenancies landlords were free

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was ostensibly designed to serve. Some egregious attempts to impose rent increases greater than 7 percent were foiled by appeal to the newly established Residential Rent Stabilization and Arbitration Board; but in most cases, the appeals process served only to somewhat lower excessive increases, not keep them within the 7 percent 344

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major revision was to turn around responsibility for exceeding the 7 percent annual limit: Under the amended law, landlords had to seek permission from the rent stabilization board in order to exceed that ﬁgure, rather than requiring tenants to challenge an excessive rent increase. And the law was extended indeﬁnitely, rather than

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, would deprive four incumbents of their jobs. The spokesperson for the landlords’ Coalition for Better Housing—Russell Flynn, then-president of the city’s Residential Rent Stabilization and Arbitration Board—was quoted as follows: “As far as any formal position, we are on record as not taking a position” on the charter

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a result of eviction, and 17 percent of these tenant movers left the city. An October 30, 1991, San Francisco Bay Guardian feature reported Residential Rent Stabilization and Arbitration Board ﬁgures showing that 473 of 1,498 eviction notices issued from May 1990 through February 1991 claimed as the reason for eviction

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Apartment Association, the Coalition for Better Housing, and twelve individual plaintiffs) brought suit in March 1999 against the City, the Board of Supervisors, the Residential Rent Stabilization and Arbitration Board, and the Planning Commission, seeking to set aside the BiermanKatz ordinance as well as those provisions of Proposition G that prohibit one

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limits on pass-through of capital costs for building improvements to tenants. Prior to passage, landlords were permitted (via a formal approval process by the Rent Stabilization and Arbitration Board requiring strict documentation) to pass on such costs—for roof repairs, furnace replacement, exterior repainting, updating plumbing and electrical service, new windows

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,” San Francisco Chronicle, 12 June 1991; “Rent Control Challenge Tossed Out,” San Francisco Chronicle, 24 August 1991. 92. Matthew C. Sheridan, “The Evolution of Residential Rent Stabilization and Arbitration Ordinance,” San Francisco Apartment Magazine (June 1999): 15 –20. 93. An account of the Proposition H campaign, by an attorney with the Tenderloin

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, 385 Request for Proposals (RFP), 158, 163 Request for Qualiﬁcations (RFQ), 158, 160, 163, 164, 171 Rescue Muni, 317 Residential Builders Association, 273, 334n Residential Rent Stabilization and Arbitration Board, 343, 347, 348, 356, 358–60 Reuben, James, 307 Reuben & Alter, 307 Richmond, Virginia, 376n Richmond District, 25, 233, 309 Rincon Point

Basic Economics

by Thomas Sowell · 1 Jan 2000 · 850pp · 254,117 words

, 2002), p. 21. {41} Mike Schneider and Verena Dobnik, “Solo Living Drops in Manhattan, Rises Elsewhere,” Associated Press & Local Wire, September 6, 2011; Marc Santora, “Rent-Stabilized Apartments, Ever More Elusive,” New York Times, July 8, 2012, Real Estate Desk, p. 1. {42} William Tucker, The Excluded Americans: Homelessness and Housing Policies

Squeezed: Why Our Families Can't Afford America

by Alissa Quart · 25 Jun 2018 · 320pp · 90,526 words

may need to work second jobs. This is what the working poor have long done, of course, to stay afloat. One solution is to broaden rent stabilization, a system that permits a middle class to stay and flourish in expensive cities. I grew up in such a rent-controlled apartment—a book

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—that cost far below market rate. Until this year, I lived in a similarly book-lined rent-stabilized unit that has glowing Ashcan School views of water towers to go along with the apartment’s silverfish. Rent stabilization and control go along with better-regulated real estate development overall, especially in desirable cities. Such

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-fortune-urbanization-gentrification. urban scholar David “DJ” Madden: David Madden and Peter Marcuse, In Defense of Housing: The Politics of Crisis (New York: Verso, 2016). Rent stabilization and control: Rent control started in New York City in 1969 when rents really began to jack up in postwar buildings; today one million apartments

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are covered by these guidelines, which protect tenants from big rent increases. Some think that rent stabilization helps create a fairer housing market, protecting it from gentrification. Others argue that the price cap on these dwellings reduces supply, thus raising prices around

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of 2008. See Great Recession Reframing of care, 259–61, 285n RE:Launch, 165–68, 169, 186–88 Rent, 5, 96, 191–92, 196–97 Rent stabilization, 200–201, 290–91n “Retrofit cohousing,” 201 Returning to Reims (Eribon), 103–4, 106 Rich, Adrienne, 204 Rich Kids of Instagram, 213 Rifkin, Jeremy, 76

The Streets Were Paved With Gold

by Ken Auletta · 14 Jul 1980 · 407pp · 135,242 words

million of the city’s 2.1 million rental units were subjected to some form of rent regulation (either rent control or what is called rent stabilization). If there were a means test and those in controlled apartments paid a fair rent, the Temporary Commission on City Finances concluded after long study

The Stolen Year

by Anya Kamenetz · 23 Aug 2022 · 347pp · 103,518 words

having enough, is associated with high levels of parental stress, and therefore with mental health problems and behavior problems in children. Sheila lives in a rent-stabilized apartment in the East Village. In 2020 she had seventeen-year-old twins and a nineteen-year-old in special education. She worked in marketing

Naked City: The Death and Life of Authentic Urban Places

by Sharon Zukin · 1 Dec 2009 · 415pp · 119,277 words

all rent rises must be approved by the New York State Division of Housing and Community Renewal; tenants in rent-controlled apartments cannot be removed. Rent stabilization, begun in the late 1960s, subjects rent increases to the decisions of a citywide, publicly and privately appointed board representing landlords and tenants; in practice

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Koko’s (store), 78 Kristal, Hilly, 99 Kunzru, Hari, 18–19, 121 landlords, abandonment of buildings by, 5, 74, 99, 199 See also rent control; rent stabilization landmarks. See historic preservation; New York City Landmarks Preservation Commission Latino immigrants, 11, 48, 49, 53, 54, 58, 60, 161, 165, 171, 197 See also

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, 162, 182, 185–86 Reijndorp, Arnold, 142 rent control, 17, 99, 106, 113–14, 227, 245, 262n.11 rents, 38, 239 See also affordable housing rent stabilization, 106, 254n.39, 262.11 retail entrepreneurs mom-and-pop stores, 9, 17, 69, 243, 245–46 in upscale growth, 7, 9, 19–20, 222