#Shame #Greed Affluent New Yorkers are hoarding rent-stabilized apartments at the expense of more deserving parties. They analyzed the census data from 2010 and found that 22,642 rent-stabilized households (out of a total 970,000 rent-stabilized apartments in the city) had incomes of more than $199,000. Approximately 2,300 rent-stabilized households had incomes of more than $500,000. That motley crew includes polo-playing multimillionaire with family estates, former Philip Morris executives, magazine editors, hedge fund principals, oral surgeons, and the culture editor of a major fashion magazine.
Posted on: Wed, 30 Apr 2014 20:42:43 +0000
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