Talk about a disconnect. We have cited a common refrain in past select posts on our blog at the New York City pro-tenants’ law firm of Himmelstein Gribben & Joseph, LLP. Namely, that is that legions of city landlords have made outsized profits over the…
With millions of apartment units in New York City, it’s hard to imagine that there was ever a time when the city didn’t have them. Today, nearly 70 percent of NYC residents rent an apartment, which is twice the average nationwide. But that wasn’t always…
It makes sense why real estate groups and developers’ lobbying entities have long pushed – consistently and insidiously – the argument that New York City rent stabilization is all about affordability for the metro’s most cash-pressured tenants. As a recent opinion letter to the Crain’s…
Let the games begin. Actually, that depiction is inapt concerning New York City’s annual determination of where the sliding scale should be concerning rent increases — if any — on rent-stabilized apartment dwellings across the metro area. The just-underway process involving number crunching and heavy…
Everyone who’s ever lived in New York City knows that finding and renting a good apartment can be a long, difficult process. If you have been in a protracted apartment search, you may feel like giving up or just taking the next available unit you…
Is this a seminal moment for the New York City Housing Authority? The agency is already under relentless pressure from a broad-based coalition of critics who allege its widespread mismanagement of the many hundreds of city public housing developments it manages. And now it has…
Is the large and growing Airbnb vacation rental industry overridingly harmful or mostly positive for New York City residents and the metro’s economy? Unsurprisingly, the answer to that query depends on who is being asked the question. Here’s Airbnb’s take: Short-term rentals bring in legions…
Time passes quickly, and advocates for material changes in the state’s Loft Law who were clearly buoyed by NYC Mayor Bill de Blasio’s rhetoric late last autumn now want to see resulting action. The mayor addressed Brooklyn residents at a town hall meeting in October,…
Finding a perfect apartment in New York is not an easy feat. Once you find that perfect space, the application process begins. But what happens if your credit score is causing difficulty? What role does your credit score play when trying to rent? When it comes…
It is important for renters to find a good property for a fair deal. But what if a deal seems too good to be true? Should you be suspicious? Sometimes a good deal is just that, but in other cases it could be an online…
Imagine being without heat and hot water. Or putting up with unnecessary construction that caused dangerous levels of lead dust in your apartment. Why? Because your landlord wanted you out so he could charge new tenants higher rent. This is what happened to tenants in…
There are nearly 1.4 million people over age 60 who live in New York. This number is projected to rise to almost 2 million in 2040. Why? In large part because empty nesters are moving back into the city. If you are considering a move…
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