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Re:Manhattan rents cross $5k threshold for first time by legohead on Thursday July 14, 2022 @01:18PM (#32098872)
Have you been affected by the rent increase yet? Curious how much power the landlords have there. Can they raise your rent without warning, are they trying to force you out, etc.
Re:Manhattan rents cross $5k threshold for first time by stomczyk09 on Thursday July 14, 2022 @02:09PM (#32099528)
Not personally. I know some of my friends have been who moved back well after the "Covid Discounts" were a thing, got a little bit of an inflated deal, and now are facing like at least 3k for 1 bedrooms in places like around Williamsburg & Lower Manhattan(west village, soho, etc.). That's one of the better case scenarios I've heard as well. Truly a shame :(
Re:Manhattan rents cross $5k threshold for first time by frutiger on Thursday July 14, 2022 @01:29PM (#32099036)
They can't push you out. In uncontrolled apartments, the rent gets renegotiated at the end of every lease term (usually 1 or 2 years).

There are exceptions for rent controlled and rent stabilized apartments, where the landlords have even less power on price setting.