One of the less talked about aspects of rent stabilized apartments is how people become trapped in them.
I know people who have been living in rent stabilized apartments in NYC for decades who will never let them go, even though they no longer like the neighborhood or the unit.
Of course, it is hard to feel sorry for someone living in a $1,200/mo 1-bedroom in a nice area in Manhattan.
I know people who have been living in rent stabilized apartments in NYC for decades who will never let them go, even though they no longer like the neighborhood or the unit.
Of course, it is hard to feel sorry for someone living in a $1,200/mo 1-bedroom in a nice area in Manhattan.