Saturday, April 28, 2012

New York City looking at lower rent hikes

  Eyewitness NewsNEW YORK (WABC) -- The annual rent increase for rent-stabilized apartments could be lower this year.

The Rent Guidelines Board usually bases its decisions on landlords' operating costs.

Those rose just under 3 percent over the last year.

If the board follows form, this year's increases could be lower.

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