Angry New Yorker

Semi-Daily Rants from New York City's Angry Man

"As I know more of mankind I expect less of them, and am ready now to call a man a good man, upon easier terms than I was formerly." - Dr. Samuel Johnson, Boswell, Life of Johnson, Sept. 1783

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Friday, May 09, 2003
 
Trying to Differentiate Between Modest and Steep
By DENNIS HEVESI, New York Times

"Apartment owners throughout the city have been pummeled recently by maintenance and common-charge increases averaging 10 percent — although some have been staggered by punches of more than 20 percent, according to co-op and condominium specialists.

In December, as building boards began planning their budgets for this year, industry analysts were predicting a quadruple whammy: an 18.5 percent property-tax increase, soaring insurance premiums, the fuel costs from a bitter winter and an unknown: contract negotiations for 28,000 building workers.

But with the contract settlement last month carrying a 3.5 percent increase in wages and benefits, that quadruple has turned out to be a triple whammy." [more]

posted by anonymous at 3:06 PM

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