Rent Justice for All
You’ve finally moved to New York City like you’ve always dreamed of. Congratulations! But your apartment is the size of a shoe box and you share it with five other people.
When a native decides to leave his parents' house in Brooklyn, be independent, and live on his own, he finds just how much rent prices have gone up; it wasn’t just the cost of a slice of pizza.
New Yorkers have been dealing with these exorbitant rent prices and the brutal rent hikes for years. We pay nearly half our salary in rent, and rent prices have been increasing twice as fast as wages.
Nixon would like to expand rent stabilization laws statewide, protect tenants from unjust evictions, and enforce tenant rights. She would also aim to end the vacancy decontrol loophole, which brings stabilized apartments into the open market once rent reaches $2,733/month, end the vacancy bonus loophole, allowing landlords to raise the rent by 20% once a tenant vacates, and ending the preferential rent loophole, which is probably the most insidious of them all. The preferential rent loophole lets landlords lure tenants in, offering one-year leases for a price lower than the stabilized rent, and then increasing the rent to the legal maximums when it’s time for rent renewal. Not cool guys.
[Photo via @cynthiaenixon]