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Big Knak Attack!

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Big-time building broker Bob Knakal is a brave man: He's put his testimony to the Rent Guidelines Board on why stabilized rents should be increased online for all to see. It's a long and persuasive argument (though we're sure tenant advocates won't agree) that also has some fireworks. Without adequate rent increases, Knakal writes, landlord operating costs will eventually exceed building revenue, "resulting in a complete breakdown of our housing market." Start sharpening those pitchforks! [NYO]