Older residents get displaced from rent-stabilized apartments by landlords who harass them into buyouts, neglect to make repairs or stop accepting their rent checks, the group says. Landlords then might overcharge subsequent tenants by illegally inflating rent on what is still, in many cases, a rent-stabilized unit. According to the group’s logic, breaking this cycle would make life easier for the area’s longtime residents, while keeping rents lower for newcomers like themselves, many of whom are earning entry-level professional wages.
Source: The New York Times
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