Somewhat muffled by the legalization of same-sex marriage bill on Friday, the New York State legislature also, as expected, passed new rules on rent-stabilization. The new rules raise the threshold for removing apartments from rent stabilization to $2,500 a month, up from $2,000. And tenants who earn up to $200,000 a year can rent a stabilized apartment, up from $175,000. What does this really mean? It's a mixed bag for renters--read last week's post for the lowdown.
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Twentysomething renters would bear brunt of rent regulation change
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