Can we just end rent control/stabilization already? (Lee: sales, neighborhood)
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Boston being a financial capital like wall street got hit hard in the recessions and collapse of the dot coms.
It effected every area of bostons economy...
I just got back from a trip to boston on sunday. The place looks fabulous.... My first trip there and it is a magnificent city.
I'm in agreement with the system being modified. Honestly the only type of subsidy I believe in is that some rentals should go by your income, which must be verified extensively. But I do think there should be some type of system or governing agency in place to prevent rent gouging and the like. Is that not fair?
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
One thing ill say about boston is one of the reasons rents went up was because many many landlords dumped tons of money into upgrading and renovating old rent controlled apartments. Building permits jumped 20% as well as more money went into major projects.
NEW COST MONEY!
You don't think increased homelessness in Boston is an issue? Or that Boston ranked 11th in 1998 in housing wages, but shot up to 5th place? It became less affordable to live there, as the article cited.
Who cares if it went to first? If a place is too expensive for you - DON'T LIVE THERE.
I want a Rolls Royce, but cannot afford one, so should I demand that the rest of society pay for it? ENOUGH IS ENOUGH.
Dirty politics rears its head again.
Well, it's now done. Rent control was not only not ended (did anyone really think it would be?), it has been extended and EXPANDED. One result is that the extremely slow pace of vacancy control has been slowed to the point where it is all but frozen. The other result is that even more of the wealthy have been brought into the rent control system. In fact, this expansion ONLY helps the wealthy.
Look, I'm a registered Democrat. I find it repulsive that Silver and his cohorts fought so hard to raise rent control thresholds to luxury rent and income levels. It flies in the face of traditional Democratic values. Democratic voters should be screaming about this. The very concept of rent control is not a liberal or Democratic one. It has been denounced by well-known liberal, and even socialist, economists as destructive to the quality and quantity of housing. We're all paying for it in taxes and a dearth of quality housing.
So why do these Democratic politicians put on such a theatrical show? That an easy one. It's cynical posturing to expand their political base at the expense of the rest of us. Since when does the greater good figure into a politician's calculations?
But wait. This gets worse. Silver slipped in a clause which requires that the 421a tax credit be renewed in four years. That tax credit is a BIG deal to the real estate developers, not the small landlords. The developers have a lot of influence. In four years, Silver will use the threat of non-renewal as leverage to FURTHER expand rent control.
God willing that POS will be long out of office, and replaced with a human being, in 4 years. I have yet to meet a single person who supports the existence of sheldon silver in office, period. There are few less appealing elected officials on earth, nancy pelosi is actually preferable to that turd.
Is this another "I'm mad because I couldnt get cheap housing" thread?
Also, majority of the people living in rent stabilized apartment are elderly. Shame on everyone wanting to put poor granny on the street...
#1 -I've owned my apartment(s) for 20 years
#2-most are "elderly"?
Even if that BS were true - which I doubt, WTF cares? Are the elderly everywhere else on this planet given heavily discounted housing for life?
My aunts in upstate NY were living in a house, they got old, and moved out to something less expensive - and they were no spring chickens, they were overweight and unhealthy, but they did it.
This freaking irritating attitude that in NYC the rules that apply to the rest of the planet somehow do not here is really sickening. Scumbags like sheldon silver cannot be removed from office fast enough...
So what an apartment becomes deregulated at $2,000. I'm from the Bronx and there are NO market rents anywhere near $2,000. And even if a Bronx apartment becomes deregulated, the landlord CAN NOT, WILL NOT and WON'T GET $2,000 a month in rent in the Bronx! SO WHATS THE BIG DEAL??????The argument tenant advocates like to use that landlords can charge WHATEVER they like if it becomes deregulated is totally FALSE and propaganda to further their cause in receiving cheap rent at the landlord's expense, on the landlord's dime. Price gouging in apt rentals does NOT exist. Don't believe the hype!
NYC is like one of the only cities in the country that puts price control on apartment rentals. The other 49 states fair well, why should NYC be any different? NYC Rent Regulation is a sham! Only wealth manhattan renters benefit from the law...everyone else pays through the nose to compensate the loss in rents a landlord collects from these leeches. Its unconstitutional...something the supreme court should hear.
Wake up people, Rent Stabilization does a disservice to the Bronx and NY as a whole. The Bronx will remain "hood" and GHETTO and full of gang members and thugs as long as the Rent Stabilization law exist since its the Rent Stabilization law that "protects" these losers from getting evicted and keeps them put in the neighborhood to continue to blight and ruin Bronx communities. A gradual phase out of the RS is the best solution.
Wealthy manhattan renters are the ones who really benefit from Rent Stabilization. Why do yo think they want to raise the income deregulation threshold to $300K a year!!!!? Who makes $300K in the Bronx? No one!!! These laws are put into place to protect the WEALTHY manhattan renter!!! $300K a year....really? And you mean to tell me they had the average 30K a year Bronxite in mind when raising the income threshold from 175K to 300K? Yeah, ok!
PEOPLE WAKE UP and realize Rent Stabilization is EVIL! Only a lucky few benefit from $500 a month rent...everyone else suffers and pays more than they really should had there been no such thing as Rent Control/Stabilization.
I challenge anyone to go apartment hunting and see if you find a nice rent stabilized 1 bedroom apartment for under $900 -$1,000. Highly unlikely. And if you do...it's in the hood which defeats the purpose.
That's crazy talk. What you're saying is that the landlord ignores the free market competitive market that exists all around him and simply charges what he needs in order to compensate for his "loses" in the stab. apartments. Not only does your argument prove that landlords are the epitome of greed they can depend on tools like you to rent their studio apartments for 250K.
Another angry, clueless toad.
Since you seem ignorant of basic economics, here's how life works: the building has fixed expenses, like oil for heating, maintenance, insurance costs, upkeep, repairs, etc. and if some of the tenants are paying less than their fair share, then the OTHER tenants not in stabilized apartments in other buildings that the landlord owns must pay more so that one building is subsidizing another.
To not-so capable posters like this, trying to maintain their existence in the face of rising expense not controlled by any magical force - yet having to deal with city/state driven controls on income is "greed." Is your other name marx?
So sell the building.....why is that so hard to grasp.
No one is running to buy the building...how many landlords have walked away from their properties over the past 40 years?
And FYI, most landlords in the city are not Tisch, they are little guys with small properties.
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Gas prices are going up...so I drive less. I adapt.
So does that mean the landlord does not have to turn on the heat in the winter when oil prices rise? This is getting pathetic...
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You landlords expect for nothing to fluctuate.
When wheat and sugar prices rise, Kellogg's increases their prices, like every other company on earth. But to the clueless socialists and the lazy-who-want-others-to-pay-for-their-lifestyle types, for some reason landlords should not have that right.
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If its not a lucrative business anymore, wake up and smell the coffee.
Why is that? Did someone just insert language into the constitution that owning property cannot provide a profit? Private land ownership is at the core of a functional democracy, I think I can see why the far left psychotic liberals - unsuccessful themselves in a capitalistic society - want to eliminate landlords.
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That's like me staying in a dead-end job. Why bother. Essentially, thats what you have now. Stop lying to yourselves and move on.
You'll thank me for it.
No thanks, I'd rather keep land ownership out of State hands, thank you...
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No need to sugarcoat things, we're all adults here.
Really? So how do you explain your pathetic arguments?
Last edited by sterpetron; 06-22-2011 at 07:30 PM..
Rent stabilization applies to old buildings not new construction, so this point makes no sense.
Really? How's that?
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