Originally Posted by
Revoltingest
My daughter lives & works in NYC. She just renewed her lease with no increase. I suspect this is because NYC has been losing population over the last couple years. As a landlord, I've raised rents when I could, but I've also had to lower rents, sometimes drastically when the market was bad. Like any other business, it has its complexities, ups, & downs.
Time will tell I suppose. Though I've entered the life phase where one usually looks to move
out of the city - family man, now.
M.