Is $10,000 or $1,000,000 best spent on a rent controlled
building or on a building where the free market allows for a better return on capital?
There had been initial concern that the property came with too much political baggage and rent controlled
apartments to garner very high values.
The city doesn't track evictions from units that aren't rent controlled
so that number wouldn't include the 100 units that might be evicted from a building at 8735 Independence Ave.
The charity claims many tenants of the 8,489 rent controlled
properties fear they will end up on the street when the protection of a 1982 Act comes to an end next July.
Around half of them live in units that are rent stabilized or rent controlled
(and even these average $538/month in Brooklyn).
The DHCR is still basing rent stabilized and rent controlled
rents on 1970-1971 assessed valuations and market values.
98 a month rent controlled
apartment although he lived most of the time in his Beverly Hills mansion.
Made up of mostly rent stabilized or rent controlled
tenants, many had Section 8 or other forms of adjusted rents.
According to Los Angeles housing officials, evictions and attempted evictions from rent controlled
units for ``owner occupancy'' - the landlord or a relative needs the apartment - and trivial violations of new, restrictive leases have jumped in the past several months across the city and in the Valley.
households had a median income of $20,000 while rent stabilized households were $32,000.
While rent controls have accomplished the objective of artificially limiting rents, the purchase price of mobile homes in rent controlled
parks has appreciated significantly.
Ten times a $400 rent controlled
rent is a heck of a lot less than ten times a $4000 decontrolled rent, and those rent control vacancies were very rewarding.