We'd be remiss in not updating you on a little culture, specifically, the theater of the Rent Guidelines Board's annual hearings on the city's one million rent-stabilized apartments. In May the preview performances got off to a great start, as tenants in the audience shouted "you're parasites!" at everything and everyone. But now that the curtain is dropping for the final time this year, what kind of rent hike did the sides finally agree?er, begrudgingly compromise?on? 2.25% to 5.5%, below 2003's max increase of 7.5% and last year's 6.5%. Needless to say, both tenant and landlord advocates were left with sour tastes in their mouths. See you next year! Encore!
UPDATE: Apparently the evening didn't end without a bang. A report from the trenches: "The funniest thing I have seen in a while happened last night. A elderly lady probably 65-70 years old took off her top screaming that the parasitic landlords take everything from her so why not her shirt. She was quickly recovered and ushered out by security. I wish I had my camera, it would have made a great submission to curbed." Indeed!
· City Rent Board Approves Rise of Up to 5.5 Percent [NYTimes]
· Annual Rent Drama Unfolds [Curbed]