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>>> AND THE HEADACHE AND
HARDSHIP DOESN’T SEEM TO GO AWAY
FOR THOUSANDS OF PEOPLE LIVING
IN THE TRI-STATE.
SKYROCKETING RENT PRICES.
TODAY A RALLY WAS HELD WITH
TENANTS VOICING THEIR
FRUSTRATION OVER POTENTIAL 50%
RENT HIKES.
THEY ARE URGING THE STATE TO
PASS A BILL THAT WOULD HELP EASE
THE BURDEN ON MANY PEOPLE’S
WALLETS.
ACROSS THE RIVER IN NEW JERSEY,
A BATTLE IN HOBOKEN AFTER SOME
CLAIM THAT THEY WERE CAUGHT OFF
GUARD BY PRICE INCREASES.
AND THAT IS WHERE RANA NOVINI IS
LIVE WITH MORE.
>> Reporter: AND AS YOU ARE
SAYING, THIS IS SOMETHING THAT
PEOPLE ACROSS THE TRI-STATE ARE
FACING AND THOSE FACING THESE
MASSIVE RENT HIKES CALL IT
UNFAIR.
>> ASKING SOMEONE TO NOW PAY
DOUBLE WHAT THEY WERE PAYING, I
DON’T SEE HOW HUMAN BEINGS CAN
DO THAT.
>> Reporter: LIKE SO MANY
OTHERS, ZACH JUMPED ON A
PANDEMIC RENT DEAL IN 2020,
MOVING INTO THE JORDAN.
BUT NOW HE IS FACING MASSIVE
RENT INCREASES.
THE COST NOW, NEARLY DOUBLE WHAT
HE WAS PLAYING IN 2020.
>> IT IS NOT FAIR ESPECIALLY AS
SOMETHING AS FUNDAMENTAL AS
HOUSING TO LURE PEOPLE HERE WITH
DISCOUNTS AND A YEAR LATER SAY
SORRY, THAT APARTMENT THAT YOU
WERE LIVING IN AND WHERE YOU
CREATED YOUR LIFE IS NOW GOING
TO COST YOU DOUBLE WHAT YOU WERE
PAYING.
>> Reporter: ZACH TRIED TO
NEGOTIATE WITH THE LANDLORD BUT
WITH NO LUCK.
AND NOW THE CITY OF HOBOKEN IS
INVOLVED, INCLUDING THE MAYOR
AND CITY COUNCILMAN PHIL COHEN.
>> UNDER NEW JERSEY LAW,
UNCONSCIONABLE RENT INCREASES
ARE ILLEGAL.
>> Reporter: AND COHEN SAYS THEY
HAVE HAD LUCK WITH OTHER
CORPORATE LANDLORDS.
THOSE GROUPS NOW OFFERING NEW
LEASES.
AND HE HOPES THE JORDAN WILL DO
THE SAME.
>> THE GOAL HERE IS TO TRY TO
KEEP OUR RESIDENTS IN THEIR
HOMES IN OUR CITY.
>> Reporter: ACROSS THE HUDSON,
TENANTS AT THE WATER SIDE PLAZA
RALLIED TODAY.
MORE THAN HALF OF THE NEARLY
1500 UNITS HERE ARE FACING RENT
HIKES UP TO 50%.
>> YOU DON’T WANT PIECE
SURPRISES.
>> Reporter: AND THIS WOMAN
MOVED TO WATERSIDE LAST YEAR TO
BE CLOSER TO HER DAUGHTER.
SHE IS WORRIED ABOUT FUTURE RENT
INCREASES.
AND STATE SENATOR SAYS THE GOOD
CAUSE EVICTION BILL BEING
PROPOSED WOULD ADDRESS THE
CONCERNS.
>> THESE 50% INCREASES WOULD NO
LONGER BE ALLOWED UNDER THE NEW
LAW. AND WE’D BE ENSURING THAT ALL
THESE TENANTS CAN STAY IN THEIR
HOMES WHEN WE KNOW RENT IS
INCREASING AND COST OF LIVING
HAS BEEN SKYROCKETING.
>> Reporter: AND WE JUST GOT A
STATEMENT FROM A SPOKESPERSON AT
WATERSIDE PLAZA, THEY SAY THAT
WATERSIDE MARKET RATE UNITS
FOLLOW THE SAME PATTERN AS ALL
MARKET RATE UNITS CITY WIDE AND
ACROSS THE CITY REPRESENTS SSTIC
DURING THE PANDEMIC AND THERE IS
A NEED FOR MORE HOUSING SUPPLY.
AND THE MORE THAN RENT REGULATED
APARTMENTS ARE NOT SUBJECT TO
MARKET CONDITIONS.
BACK OUT LIVE HERE IN HOBOKEN,
THE MAYORRYOR’S OFFICE SAYS THE
MAYOR IS WORKING TO TOP WHAT HE
CALLS THE UNCONSCIONABLE RENT
HIKES.
AND WE REACHED OUT TO THE
LANDLORD OF THE JORDAN, SO FAR