The Rent Guidelines Board last week took yet another step toward crushing the city’s housing market by capping rent hikes below landlord costs.
Its members, most tapped by Mayor Eric Adams, gave preliminary approval to rent increases of 1.75% to 4.75% for one-year leases and 4.75% to 7.75% to two-year renewals.
Manhattan nosedives out of Top 10 in national ranking of priciest homes, as suburbs skyrocket …