Rent-stabilized tenants are more likely to be long-term residents, with 40% having lived in their apartments for 20 years or more. Rent Increases in Stabilized Units The Rent Guidelines Board sets annual rent increase limits for stabilized apartments. Recent trends indicate: For 2023-2024, rent...
The average rent fell just 0.1% year over year in January to $1,599. On a monthly basis, rent prices rose by 0.5% ($5). The price per square foot of an apartment, which has hovered around $1.80 for over a year, fell 1.5% compared to January 2024. ...
saw substantial growth in 2023, bouncing back to 916 square feet after a steep decline the previous year. This increase can be attributed to more spacious two- and three-bedroom apartments opening their doors last year as developers aimed to meet renters’ need for more space. Notably, the ...
While the 2023閳 udget saw the first real increase in rent assistance in Australia since 1990, this was small compared to the growth in real incomes over the three decades. Rapid increases in advertised rents, and expectations that these will flow through to average rents, make an increase ...
The family benefit will see an increase of up to $58.33 per child for the months of January to March 2023, thanks to a $100 million investment. The rent increase cap is being implemented as a replacement to the previous law, which allowed for an automatic two per cent rent incr...
This amount exceeds the allowed increase of 3.3% excl. rent quite a bit. Apparently they had been keeping an eye on us for quite some time, because the mentioned reason for the increase was that my girlfriend sometimes visited me during weekdays. Martijn actually told me that she was only...
I as- sessed H2 on the effect of market rents on renters' preferences for rent control based on the average marginal effect of a counterfactual 1 C/sqm increase in market rents, holding household income and all background covariates constant at their observed values. Lastly, I scrutinized H3...
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“The (rent increase application) process is not automatic,” he added. “The property manger or owner has to show the work that has been done, and the need for the work, and tenants and others can challenge that information at the Landlord and Tenant Board. There’s a thorough a...