Oh, I don't live in NYC, but we have rent stabilization here and the landlord is allowed to increase the rent by a percentage of the current rent plus a percent

Oh, I don't live in NYC, but we have rent stabilization here and the landlord is allowed to increase the rent by a percentage of the current rent plus a percentage of the amount spent on repairs and renovations. If NYC doesn't compensate landlords for repairs, which in turn means they don't want to do them, I agree that is horrible.