Word: rent
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Dates: during 1960-1969
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Tenants by the thousands are fuming at raises in their rents as leases come up for renewal on Sept. 30, the traditional date for residential lease expirations. Many landlords, says Frederic S. Herman, the city's commissioner of rent and housing maintenance, are demanding "increases of 40%, 50% and 60%-and a few in excess of 100%." In scores of instances, the exorbitant hikes amount to nothing less than an old-fashioned eviction. "It's frightful. I can't find anything that I can afford," says Patricia Oberle, a young Manhattan medical secretary. She has been looking...
Moving Out. Rents are currently climbing in several major U.S. cities. Increases of 8% to 10% have become commonplace this year in Washington, Pittsburgh, Miami, San Francisco and parts of Los Angeles. For the U.S. as a whole, however, rents have risen only 4% since 1966, according to the Bureau of Labor Statistics. New York, however, is a very special case. There the apartment shortage and the rent squeeze have become so bad that many office workers, professionals and young executives are reluctantly moving out to the suburbs, an exodus that bodes ill for the city's struggle...
...Yellow Submarine. Up and down the glittering beach front, there was hardly a hotel with closet space to rent. The Alaskan delegation was quartered in the South Seas Hotel; landlocked Kansas was assigned to the Sea Gull. Wisconsin's delegates made a felicitous choice in the Crown, whose Roaring 20s Club should make Milwaukeeans in particular feel right at home with its nickel beer. Unhappiest of all were the Pennsylvanians, who landed in the Diplomat, 14 miles up the beach and closer to Fort Lauderdale than to the hall. To spare himself the long trip, Pennsylvania's Governor...
Other hotelmen greeted the news with amusement. "Oh, that sounds naughty," said an official of San Francisco's Mark Hopkins when he heard that the New York Hilton, Manhattan's biggest hotel, was going to rent out its rooms on an hourly basis...
...into effect last week, is a logical next step. It is intended to make life easier and less expensive for today's jet-borne businessman, who often zips in and out of two or three cities in a single day. Now, in New York at least, he can rent a place to hold private business meetings or relax between engagements without paying the full 24-hour tariff. The Hilton's Day-Hour Plan should also prove a boon to suburban wives who need somewhere to put themselves back together after a day of shopping before meeting their husbands...