The owners of rent stabilized apartments in NYC in most cases can't afford the upkeep on their buildings because of humongous inflation unless they have fantastic rent increases. The problem with rent increases is that too many of the tenants can barely pay the rents they are paying now. The city and the state can help this situation by rent and or building subsidies but unfortunately neither the state nor the city has the ability (money) to subsidies neither the landlords nor tenants. It's just a bad situations that this blogger has no answer for!
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