Rents Through The Roof?

Thursday, March 10th, 2011

Thousands of East Siders could see their rent double or triple if rent regulation expires

By Megan Finnegan

New York City already has a notoriously high cost of living, but if current rent-regulation laws expire June 15, tens of thousands of Upper East Siders may face astronomical increases in their rents that could push them to the outer boroughs or even out of the state.

While many tenant advocates say it’s unlikely lawmakers will let this happen, they and other Democrats are pushing for a rent-reform package that will not only renew but also strengthen current laws, and hope that it passes as part of Governor Cuomo’s budget package.

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