NYC rents on the rise?

April 29, 2008 3:33:31 PM PDT
More than a million New Yorkers may soon see a dramatic increase in their rent. Building owners are calling for a 10 to 15 percent hike in rent-stabilized apartments.

The owners say their heating costs have increased dramatically over the past year.

The rent guidelines board is scheduled to vote on the proposed hike next week.