Socialist-minded legislators in Albany won’t quit until they bankrupt every apartment-building landlord in New York City — and make the housing crisis even worse than it is.rent controlsThe reversal of generations-old policy would drive small, immigrant and minority-group landlords out of business and leave their buildings at the mercy of well-heeled real-estate companies hoping to demolish them for new construction.
Owners were already reeling from the fraudulently-named Housing Stability & Tenant Protection Act of 2019, which severely curbed their rights to raise rents in order to pay for repairs in the Big Apple’s 2.4 million rent-stabilized and rent-controlled units.Stephen YangAs of 2021, the city’s Department of Housing Preservation and Development reported approximately 43,000 vacant rent-stabilized units.
Challenges by landlords, meanwhile, would likely go nowhere. The state has absolute legal authority, New York’s constitution, to regulate housing including market-rate apartments. Brooks said if she can’t set rent prices that make sense against her costs, “Am I the real owner or not?”“The bill’s name is a misnomer,” said Brooklyn landlord Redhead. “A lease expiration is not eviction, but simply the end of a contract.”
Valentina Gojcaj, whose Albanian family came to America by way of the former Yugoslavia, owns two small buildings in the north Bronx and said the bill will hurt her.
Source: News Formal (newsformal.com)
Haha Marxist trash agenda.
stevecuozzo 'The erroneously named Good Cause Eviction Bill, now in the NY Legislature, would impose rent controls on market-rate buildings in the 5 boroughs-and crush many small, immigrant landlords, like Brooklyn's Sharon Redhead.' What about us non immigrant small landlords?
Paying for a closet size $2500 is ridiculous paying to live in a basement for $2000 and drowning when it rains hard is ridiculous, paying for molded leaking ceiling $1800 and still continuing to live in NYC you’re crazy
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WOKVNews - 🏆 247. / 63 Read more »
Source: TMZ - 🏆 379. / 59 Read more »
Source: WashTimes - 🏆 235. / 63 Read more »
My experience attending The King's College in New York CityInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Wasn’t Dinesh D’Souza the President of this college at one time? Wasn’t he fired because he was cheating on his wife?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: NYAmNews - 🏆 269. / 63 Read more »