Citing the high cost of living and inflation, landlords in New York managed to get the city rent board to increase stabilized rents to nearly a million homes, which will go from 2 to 5 percent for one-year and four-year contracts. to 7% for those of two years.
“The problem is that one works and the money one earns goes to the rent and now they are going to go up more and the payment does not go up. It seems that in the city of Manhattan it is going for the rich people and no more for the average people and that is a very big problem because they want to throw us out of the city of Manhattan now”, says Monica, a resident of New York.
A bill stalled in the state legislature could be a lifeline for many tenants.
“What we really need for tenants is a good cause for eviction that will limit the level of rent increases and protect people from unfair evictions,” says Judith Goldiner, Legal Aid Society Attorney.
But Gov. Kathy Hochul has said she will focus on another plan to create 800,000 new homes. A more detailed decision on how the new increases will be implemented will be known in June. Meanwhile, many like Pedro can’t cope with paying the rent.
“To live very stable, you need to have two jobs, because with one job you don’t have enough for more, because the rent is a little more expensive,” says Pedro, a New York resident.
According to the rental site Zillow, the average rent in New York is $3,500 a month while the minimum wage has been $15 an hour since 2019. Ángela González, Voice of America, New York.
2023-05-04 21:57:06
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