New York is famous for its rent controlled apartments.
http://www.tenant.net/Rent_Laws/http://www.dhcr.state.ny.us/ora/progs/oraprogs.htm>>Are they trying to get rid of the rent control? I knew cases where ppl would live in the same apartment for 20-30 years and pay $200 USD and landlords could not do anything to hike it.
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>Vlad
>In what state they have this rent control?
>I've been living in the US for 24 years and never heard of such a rent control.
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>The reason I am asking because in my country of origin, Lebanon, they have such a rent control but they are changing it to US style lease system. For example, my parent rented a shop for 30 Lira in the seventy which was the going rate and by the mid-eighty, because of high inflation 30 Lira would not buy a piece of gum. Until now, some family still paying 200 Lira for a apartement where the going rate is $200. every $1 = 1507 Liras.
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>Mo
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