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Rent controlled and rent stabilized are not at all comparable. And yes, I am well familiar with rent-stabilized apartments. And rent stabilized apartments have
by bogomipz 9y ago
Rent controlled and rent stabilized are not at all comparable. And yes, I am well familiar with rent-stabilized apartments. And rent stabilized apartments have annual rental increases just like any other de-regulated apartment does. It just means there's a cap on how much the landlord can increase the rent. There are no deals to be had there. And anyone who is fortunate enough to have a rent stabilized apartment is not stupid enough to risk it by subletting without the landlord's permission.
Landlords are looking for any possible way to get rid of their stabilized tenants as each time the apartment turns over it is that much closer to deregulated. Landlords and property management companies watch their rent-stabilized apartments like hawks. You make it sound as if subletting rent stabilized apartments and pocketing the difference is some epidemic("people do it all the time".) Does it happen occasionally? Sure. Is it the common case? No, at at all, not even close. Not only that but rent stabilized apartments have their own issues as well.
http://www.salon.com/2017/06/27/many-rent-stabilized-nyc-apartments-are-not-really-stabilized-see-where-they-are_partner/ http://www.salon.com/2017/06/27/many-rent-stabilized-nyc-apa...