Yes! There are some that are in rent stabilized apartments that can afford to pay market level rents and are making out like bandits. However there is another side to the coin. The older, retired, disabled and fixed income people that need rent stabilization in order to have a home to stay in. They cannot afford to move to another location because of limited funds. They need the hospitals and doctors that care for them and those that no longer have any family need the emotional connection with friends and health care providers that know them. So while folks throw stones at rent stabilization, do realize that where the elderly and disabled are today, you may be tomorrow.
Yes! There are some that are in rent stabilized apartments that can afford to pay market level rents and are making out like bandits. However there is another side to the coin. The older, retired, disabled and fixed income people that need rent stabilization in order to have a home to stay in. They cannot afford to move to another location because of limited funds. They need the hospitals and doctors that care for them and those that no longer have any family need the emotional connection with friends and health care providers that know them. So while folks throw stones at rent stabilization, do realize that where the elderly and disabled are today, you may be tomorrow.