WWYK: New York, New York (more)
04/22/08 10:54:39 | 0
Some loose ends, before we go on...
What's this "rent control" you hear about on television? When housing in NYC began to skyrocket, they passed legislation that rents couldn't
be raised on tenants who took occupancy before a certain year. 1971 or something like that. I remember hearing that Alistair Cooke, the host of Masterpiece
Theatre, had a Park Avenue penthouse for which he paid $300/month. These rent control arrangements could also be inherited, if you were a relative who grew up
in that unit - if you've ever watched Friends and wondered how they could afford that place, it is mentioned once or twice that it was Monica's
grandmother's. i.e. rent controled.
While it's not legal, those who have a legitimate rent controlled apartment have been known to pass it to someone else not a blood relative. Slip the super
a few dollars to look the other way, etc. While it's also not legal, landlords have been known to try and get...