Is your Rent Under the Water?

Recently one of my neighbors moved out. I was surprised because he liked the building, the location and he even installed a FIOS service not long ago. So I tried to understand that untimely move.

I understood that the leasing office asked my neighbor for higher rent, which (by the way) is way smaller than the rent I pay, and he refused complying with that request.

On the other hand the posting for the new available apartment is still under the amount I pay. This was the moment I figured out my rent is under the water.

The tenants who are not rent-stabilized recently renewed their leases and got modest increases of 2-4% even though the amount they pay is already lower than my rent tag.

Needless to mention, all my neighbors voted for Obama including the one mentioned above who just moved out. It is almost like a conspiracy theory that these recession-free people (no property taxes, very low rents) want to live like in the 70’s.

Is this a coercion or what? Depends if I got lower rent like them. Then I can understand the Messiah’s call for fairness and Change. In other words, seeing is believing and when that happens,  “the Change I can believe it.”

Such a joke…