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Rent Controlled Apartments: Dream On

Speaking of rising rents, if you're holding out hope of scoring a rent-controlled apartment in Manhattan, best throw in the towel now. That's our takeaway from Deborah Schoeneman's report in this week's New York.

Regarding one promising building on Avenue B, she writes, "The best of the open locations is probably Tanya Towers, at East 13th Street and Avenue B, where there's a two-and-a-half-to-three-year wait for $517 studios with terraces. (But it's limited to senior citizens and those with disabilities.) As for larger apartments, 'no one is giving up a one-bedroom,' says a spokeswoman. 'It all depends on who passes away.'"
· The Waiting Is The Hardest Part [New York Mag]