NYC housing
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NYC housing (by Bonanza [NC]) Jan 10, 2021 7:05 AM
       NYC housing (by Tony [NJ]) Jan 10, 2021 12:03 PM
       NYC housing (by JB [OR]) Jan 10, 2021 1:49 PM
       NYC housing (by 6x6 [TN]) Jan 10, 2021 2:03 PM
       NYC housing (by 6x6 [TN]) Jan 10, 2021 2:04 PM
       NYC housing (by Robert,OntarioCanada [ON]) Jan 10, 2021 2:29 PM
       NYC housing (by MAP [NY]) Jan 10, 2021 4:31 PM
       NYC housing (by Robin [WI]) Jan 10, 2021 9:30 PM

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NYC housing (by Bonanza [NC]) Posted on: Jan 10, 2021 7:05 AM

Search "Slamming landlords leaves NYC’s housing on brink of disaster" for a NY Post article on housing

NYC housing (by Tony [NJ]) Posted on: Jan 10, 2021 12:03 PM

nypost com

Slamming landlords leaves NYC's housing on brink of disaster

Post Editorial Board

3-4 minutes

January 9, 2021 | 8:38pm | Updated January 9, 2021 | 8:38pm

Slamming landlords leaves NYC's housing on brink of disaster

The vast majority of NYC landlords aren't deep-pocketed corporations; they're regular people no different from their tenants. Shutterstock

New York’s politicians have rushed to safeguard tenants during the pandemic and lockdowns, with multiple protections against eviction and guarantees that you don’t have to pay rent — without facing the fact that cutting off landlords’ income is courting other kinds of disaster.

State lawmakers just deepened the problem with a new law extending the eviction moratorium and adding other tenant protections — with no relief for landlords out months of income.

Last week, The Post profiled the plight of 88-year-old Harlem landlord David Howson, who faces his own eviction as tenants in his 10-unit building refuse to pay rent for his co-op apartment in Inwood. Worse: When his family goes to court on his behalf, they’ll be outgunned by city-provided lawyers repping the tenants.

Yet all tenants suffer when a landlord can’t make ends meet. Take the plight of residents in Manhattan buildings owned by a realty group filing Chapter 11 who are asking the bankruptcy court to compel their landlord to address years of outstanding housing-code violations, including rat infestations and bed bugs.

Don’t even think about trying to sell your building, say Howson’s representative: Potential buyers are turned off by the rent laws and the deadbeat tenants they’d inherit.

A December survey by the Community Housing Improvement Program found that landlords’ operating income was down 22.1 percent and operating expenses were up 10.7 percent for rent-stabilized apartments. That suggests that small property owners are barely breaking even (if that) before they have to pay their mortgages, invest in their buildings or collect any personal income.

Lawmakers need to address this mess before the city returns to the bad old days of housing abandonment: The 1970s saw building owners ignore basic maintenance, quit paying property taxes and ultimately abandon properties — or, worse, torch their own buildings to escape impossible obligation.

Yet as small landlords suffer, Public Advocate Jumaane Williams appointed Cea Weaver, a “Cancel Rent” activist, to the City Planning Commission. Weaver, who has described evictions as “violent,” supported the Rent and Mortgage Cancellation Act last year.

Williams & Co. fail to acknowledge that the vast majority of landlords aren’t deep-pocketed corporations; they’re regular people no different from their tenants. Treating them all as able to afford endless burdens will crush people whose buildings represent their life’s savings — and push out decent owners while encouraging the most unscrupulous types.

And that spells disaster for the city’s housing market.

NYC housing (by JB [OR]) Posted on: Jan 10, 2021 1:49 PM

For the tremendous risk a typical LL has to endure, take away many of the financial incentives for being in this business and throw in downright spiteful new laws and regulations regarding their ability to collect the rent, then tell me why anyone in their right mind would continue in this business.

These folks are fools in the highest order if they don't understand the mid-term and long-term effects of what they are doing to renters, owners, and everyone else who lives there as people will be leaving by the millions.

NYC housing (by 6x6 [TN]) Posted on: Jan 10, 2021 2:03 PM

one of my questions is, why are people there continuing to vote Dem.

LL's will probably be out before the tenants as the tenants will remain for free until the can't.

NYC housing (by 6x6 [TN]) Posted on: Jan 10, 2021 2:04 PM

they can't

NYC housing (by Robert,OntarioCanada [ON]) Posted on: Jan 10, 2021 2:29 PM

The purpose of rent control is not to control rent where over time bankrupt private sector rental housing providers then when the government takes over tenants get large rent increases. I would bring in a rigid system of rent review where you eliminate the exceptions and loopholes then you say to them if you are unhappy we will buy you out. A quote from the extreme left wing tenancy advocate groups. Government owned rental units here are not under rent control where a tenant went down to dispute a 45 per cent rent increase then discovered pay the rent increase or leave. The extreme left tenancy advocates want most of the rental housing stock where there will eventually be no private sector rental housing stock. With economically depressed prices they are trying buy out as much as possible. Now is the time that everyone has to do a class action suit as this is unconstitutional. Here everyone knows that the government housing authority now called community housing as the housing authority has a bad reputation for being the worst slumlord in Canada. One building had a problem with hot water where it took over three months to fix. Here there is universal health care where it takes 45 per cent annually of the provincial budget then the federal government pays the rest where it is supposed to be a 50 to 50 arrangement. I doubt there is going to be the money to buy out before or even after the pandemic to buy out all the private rental housing stock. Not only is this economic hardship for rental housing providers but puts the economy is a depression.

NYC housing (by MAP [NY]) Posted on: Jan 10, 2021 4:31 PM

@ 6x6

We have severe election fraud and massive dem voters from updates, illegal aliens can get drivers licenses and thus register for motor voter.

NYC housing (by Robin [WI]) Posted on: Jan 10, 2021 9:30 PM

An article representing the point of view of landlords? I think I just saw a pig fly past my window...

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