You know spring has sprung when the stories start coming out about jet-setting tenants who Airbnb their rent-stabilized apartments while only paying a few hundred dollars in rent or less.
Just one example is the recent tale in the New York Post about a woman paying $100 for her stabilized digs that she inherited after moving in on an older, dying man.
She convinced the elderly gent, the tenant of record, to adopt her as his daughter despite being close to retirement age herself.
It’s an intriguing tale that makes one feel sorry for the poor landlords of stabilized properties.
Meanwhile, these stories about unicorn-rare rents are, we suspect, planted by groups representing landlords as the Rent Guidelines Board gears up to decide how high of an increase the city’s tenants in roughly one million rent-stabilized units will be hit with. And it will be an increase rather than a freeze, based on last month’s preliminary vote.