So an apartment could become rent-stabilized again with a rent well above $2,000.
If a December Housing Court decision holds, all of its 372 walnut- and marble-adorned apartments, which were constructed with the help of a tax break, could become rent-stabilized.
"My view for a long time was that labor organizations had become rent-seeking," the economics term for groups that specialize in getting a bigger share of the pie, rather than making it grow over all, he said.
At the beginning of the 20th century the vast majority of Africans in the subcontinent still lived by farming, though in many areas they had become rent- or labour-paying tenants and sharecroppers on land claimed by settlers, syndicates, and speculators.
But after one of Mr. Gluck's 1,300 tenants noticed the tax breaks and questions arose about whether the tax benefits required that the apartments become rent-stabilized, the city allowed Mr. Gluck to repay the amount and retroactively declared that he had never received them.
Susan Greenberg, 49, a tenant and plaintiff in the lawsuit, said she paid nearly $2,700 for a market-rate one-bedroom apartment, and estimated that her rent would be roughly $1,200 less were her apartment to become rent-stabilized.
Justice Friedman noted that the city's rent-stabilization law "does not explicitly address" whether apartments in a building that qualified for J-51 benefits because it was in the Mitchell-Lama program become rent-stabilized if the building continued to receive the tax breaks after leaving the Mitchell-Lama program.
Monopolies and oligopolies essentially own the wealth and have become rent-seeking organizations.
From 1949 to 1955 he directed the fellowship program of the John Hay Whitney Foundation, after which he became rent commissioner in New York state and, as such, a member of the governor's cabinet.
