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For the first time, a rent stabilized tenant lost their coveted rent-stabilized status for renting out their apartment on Airbnb and turning a profit. A housing judge ruled that Henry Ikezi violated the lease on his luxury apartment on West 42nd Street by renting it out for $649 a night and must vacate it by […]

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Although people should generally be able to do what they want with their property, in the wake of a shitting economy and skyrocketing rents, this is pure evil: “Rent-stabilized tenants can’t stop a wealthy couple from turning their East Village apartment building into their dream mansion, the state’s highest court ruled yesterday.” |NYP| […]

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The Rent Guidelines Board voted 5-4 last night in favor of raising rents on rent-stabalized apartments to the dismay of both tenants and landlords, with the latter claiming the increase wasn’t enough: 3.5-7% for one-year leases and 5.5-9.5% for two-year leases. This really sucks for Brooklynites who are already shelling out half their paychecks for […]

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