Yesterday the chairman of the city's Rent Guidelines Board?the agency in charge of setting rent increases on rent-regulated apartments each year?told a forum that the regulation system "needs a wholesale reform," there is "absolutely no rationale" for decontrol due to high income and the city should have a "rent tax" to subsidize middle-income tenants who can't afford increased rents. None of those third rails will ever be touched, of course, but it's fun to imagine! Meanwhile, Mayor Bloomberg said he expects the RGB's set increases this year to be a "lot lower" than last year's 4.5 and 8.5 percent. [NYO; NYPost]
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