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You are forgetting the hundreds of thousands that have a rent controlled/stabilized apartment.
by donretag 10y ago
You are forgetting the hundreds of thousands that have a rent controlled/stabilized apartment.
- otoburb 10y agoI thought that "hundreds of thousands" living in a rent controlled or stabilized apartment in Manhattan was too high, but came away surprised. From a 2015 article only a tiny percentage of units are rent-controlled, but around 47% of rental units on the market are rent-stabilized.[1] The problem is that the statistics refer to the entire city (all five boroughs), and may not necessarily be specific to Manhattan itself. EDIT: Found a Furman Center report from 2011 on rent-regulated units[2]. The key table is on page 2 broken down by borough, where Manhattan rent-regulated units account for 48% of the total rental units. The same table shows a breakdown by neighborhood too. [1] http://citylimits.org/2015/03/09/nycs-endangered-species-a-rent-controlled-apartment/ http://citylimits.org/2015/03/09/nycs-endangered-species-a-r... [2] http://furmancenter.org/files/publications/HVS_Rent_Stabilization_fact_sheet_FINAL_4.pdf http://furmancenter.org/files/publications/HVS_Rent_Stabiliz...