Posted by Mark Smith on May 09, 2000 at 10:26:13:
In Reply to: Stabilized Rents May Increase Up to 6% - Newsday posted by Mark Smith on May 09, 2000 at 10:23:34:
From Newsday, Tuesday, May 9th, 2000 (continued):
Jeff Coleman, a tenant representative, countered that "in recent years, increases have been too high, way too high, resulting in enormous increases in landlord profitability." But when the vote came, he said, "I think I'm going to have to vote yes." "I'm pretty astonished; it should have been higher," said Joseph Strasburg of the Rent Stabilization Association, a property owners' group.
The measure also allows for a supplement increase of $15 for rents that remain below $500 a month and eliminates the $215 minimum rent.
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