Landlord Uses Rent Hikes to Clear Tenants.
What's notable about this story is that it's the market-rate tenants who are being forced to move out when their rents are raised beyond their means. The rent-stabilized tenants are still protected by the law from such dramatic rent increases.
As we've seen here in the ST/PCV, when CWCapital wants to gouge tenants, it has only one choice, aside from MCI-ing all tenants, and that's to go after market-rate tenants. Of course, with the Roberts' "victory" all tenants are rent-stabilized, but the gouging is still occurring, it seems.
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