I look at rent stabilization in NYC and see no solution.
I see two major problems.
Most rent stabilized apartments are the apartments that need the most money for their upkeep.
A majority of those who live in rent stabilized apartments can't afford rent increases because they work in industries that don't pay well and raises are few and far between, if they don't have a deduction in pay.
I know that that there are many tenants in rent stabilized who could afford to pay more and they are held up as to why rent stabilization doesn't work and the market should determine the price of an apartment.
I also know of the problem of tenants rights were the original tenant is in a retirement community or has been dead for over 100 years and a relative 10 times removed has taken over the apartment and can't be removed by a bulldozer. I'm convinced that is an aberration and not whats in the main.
Government is not subsidising anymore building, and many buildings that were subsidized have lived up to their commitments, and now they want out. State and city are making it hard for these developments to leave the program. I'm a little uncomfortable with that, yet I want to have more rent stabilized housing in NYC. I just don't know how to do it.
I kind of knew that I just wasn't that smart.
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