For Thousands of New York City Apartment Buildings, the Math Doesn’t Math
“The math just doesn’t math,” says Sophia, a New York City landlord. All of her major expenses—insurance, tarea, fuel, and property taxes—are going up. Now she can no longer cover those costs by raising the rent she charges. When New York’s Rent Guidelines Board (RGB) approved a rent increase of 0 percent in June, the … Read more