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Ms. Burden played down the notion of widespread displacement, saying that more than 90percentt of the housing in the area was "rent protected," including the neighborhood's several large public housing complexes.
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Trump embarked on a campaign to clear the apartment house of its more than 100 tenants, many of whom had below-market rents protected by the city's strict rent-control laws.
From June 1997 to last March, when the study was conducted, the median increase for newly rented apartments protected by rent laws in so-called core Manhattan was 21percentt, far outstripping an estimated 12percentt rise the year before the changes.
Their rents were protected under rent-stabilization laws, and in the 1980's, when most of the buildings went co-op, the residents either stayed on as renters or bought their apartments at insider prices.
The steady stream of rent checks protected him from bank crises that kept impoverishing his competitors.
"They understand that the library items that they check out, the specific television shows that they watch, the videos that they rent are protected information".
Be conservative in your property income projections because rents - although protected by higher home prices - won't rise as fast as they do.
Mr. Reichman said he would advise tenants to pay the higher rent to protect them selves from eviction, while filing complaints with the board.
Owning your home can even act as a hedge against variable rent prices; protecting you against house-price movements.Alicia Munnell and Mauricio Soto note that all this relies on a favourite assumption of economists, that people live and pay rent forever.
"This is usually equivalent to a month's rent and protects you against the cost of damage to your property and furnishings," Hutchinson said.
Even if rent control protects low-income Berliners, city officials will need to add more apartments if they want to solve their housing problems, he said.
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