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decontrol |
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Stuck in their Cold War habits and accustomed to decontrolling just enough technology to keep licensing officers busy, the bureaucracy tweaked the licensing level only to 67 MTOPS in August 1993. Owners are hopeful that luxury decontrol will be extended by either: reducing the existing tenant's income level from $250,000 annually to the $150,000 to $200,000 range; or reducing the monthly threshold for an apartment to become deregulated from $2,000 to closer to $1,500; and/or extending luxury decontrol to the decontrolling of all previously stabilized apartments that become vacant and setting the new rate at market. It seems likely, for example, that the household income and rent standards for decontrolling luxury-price apartments will be tightened again. |
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