On Monday, New York City’s Rent Guidelines Board voted to freeze rents for tenants with one-year leases on rent-stabilized apartments. This unprecedented gesture was met with acclaim from tenant advocates and grim disapprobation from property owners, whose water, fuel, and maintenance costs are not capped. The board is composed entirely of appointees of Mayor Bill de Blasio, who has made containment of prices in the rental market a central promise of his administration.
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