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As tenants age in place, will they gradually transform their buildings into quasi-nursing homes, with a large number of residents of advanced age needing much personal assistance?
"Our findings suggest that longer tenancies would appeal most to tenants age 35-plus, with younger tenants valuing the flexibility of shorter tenancies".
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Meanwhile, the percentage of private tenants aged 25 to 34 rose from 31% in 2008-09 to 45% in 2012-13.
Mr. Carpenter recruited an advisory board sprinkled with actors to hone the concept and drew an initial core of tenants, ages 55 and older, through local arts organizations.
In some cases, rent-regulated apartments can be deregulated when a tenant dies, and landlords are not reluctant to gauge a building's prospects by taking note of tenants' ages, said Adelaide Polsinelli, a senior director at Eastern Consolidated.
Tenants aged over 65 will not be exempt from the policy, and tenants' children, if they are named on the tenancy, will have their salaries counted towards the threshold if they are one of the two highest earners in the household.
Assisted living companies which house the elderly and provide services ranging from medical care to housekeeping once sported P/E ratios in line with their tenants' ages.
The film editor was hardly a newcomer, as so many tenants his age in the SoHo neighborhood were.
Other factors include the tenant's age, the number of family members involved, the commute to work and any need the tenant may have for an immediate source of cash.
A "complex formula" accounting for a tenant's age, financial situation, apartment size, length of occupancy and rent-regulation status determines what is deemed comparable, he said.
The error affects working age tenants in social housing who have occupied the same home continuously since 1996.
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CEO of Professional Science Editing for Scientists @ prosciediting.com