Musical Chairs | Samuel Stein
My oldest friends, Tal and Nate, lived in Clinton Hill for fifteen years. When they moved there in 2005, virtually everyone around them rented; only a few families seemed to have very high incomes. But both of those dynamics gradually changed. By the time they enrolled their daughter Mira in preschool, there were no other renters among the parents. “With the influx of all the new condos, the neighborhood had gotten so rich,” Tal told me. They could tell their landlord wanted to raise their rent, as he had done for all the apartments upstairs when they turned over. Even as the rents rose, the building declined. Its heating system was chronically failing, to the point that Tal and Nate regularly had to put Mira to bed in a coat. In the winter of 2020, the landlord finally fixed the boiler, in return for which he demanded they pay $1,000 more in rent each month. Their financial circumstances were looking difficult when Covid hit. Then, almost overnight, the real estate situation changed dramatically. Hundreds of …