NYC Apartment Buyout Strategy (for rent, lofts, house)

[hilltopjay]

Originally Posted by Alkonost

I'm not here to give you a teat to suckle for comfort because you have trouble dealing with the realities of rent control.

The rent control program will die out on it's own. That's the plan. The city isn't going to throw rent-controlled lessees to the wolves since many are elderly and poor, making a forced abrupt end a PR nightmare. Instead they're saving face by letting it die out- that way everyone wins but it takes TIME. It doesn't matter what you think is right or wrong, this is how it is.

You say rent control/stabilization will "die on it's own" but just this past summer, stricter rent regulations went into effect that contradicts your "let RC/RS die slowly" argument.

Stricter laws such as increasing the deregulation threshold from $2,000 to $2,500. If politicians really wanted to let RC/RS "die on it's own" and fizzle out, they would't have allowed the passing of raising the deregulation threshold simply because raising the threshold DELAYS the apartment from being deregulated, the opposite of your argument of "let it die slow" does not apply.

In addition to the threshold increase, they passed stricter laws where the landlord is entitled to ONLY 1 vacancy lease increase per year despite the landlord having 2 vacancies in the same apartment within a 1 year period. Prior to last year, the landlord was able to charge a vacancy lease increase on any number amount of vacancies the apartment has turned over in a year. So if the LL had 2 vacancies in that same apartment within a year, the LL can collect 2 vacancy increases. Again, based on those new laws that just happened last summer, your "let RC/RS die slowly" argument has holes and doesn't seem to be reality.

[Alkonost]

Originally Posted by hilltopjay

You say rent control/stabilization will "die on it's own" but just this past summer, stricter rent regulations went into effect that contradicts your "let RC/RS die slowly" argument.

Stricter laws such as increasing the deregulation threshold from $2,000 to $2,500. If politicians really wanted to let RC/RS "die on it's own" and fizzle out, they would't have allowed the passing of raising the deregulation threshold simply because raising the threshold DELAYS the apartment from being deregulated, the opposite of your argument of "let it die slow" does not apply.

In addition to the threshold increase, they passed stricter laws where the landlord is entitled to ONLY 1 vacancy lease increase per year despite the landlord having 2 vacancies in the same apartment within a 1 year period. Prior to last year, the landlord was able to charge a vacancy lease increase on any number amount of vacancies the apartment has turned over in a year. So if the LL had 2 vacancies in that same apartment within a year, the LL can collect 2 vacancy increases. Again, based on those new laws that just happened last summer, your "let RC/RS die slowly" argument has holes and doesn't seem to be reality.

Until changes are made to ADD more RC units to the system, those changes you cite don't contradict anything I've said in the least. All those changes you've cited do is lengthen the time of the demise. I don't believe for an instant that the city is on the side of the renters, but they do need to look good in front of them from time to time. It's all about saving face.

If the state didn't RC to die, but instead wanted to revive it, they'd change the qualification cut-off dates to add more rent control units to the system and/or allow for more than 1 succession of RC leases, or relax succession requirements so that anybody can get their hands on it. Until they do that their intentions are clear to let it die.

Are LL's getting screwed until it dies out, oh hell yes. No argument from me there.

[hilltopjay]

Originally Posted by Alkonost

Are LL's getting screwed until it dies out, oh hell yes. No argument from me there.

At least we both agree that landlords are getting screwed by Rent Stabilization. I've been saying that for ages. Yet I find it laughable when tenant advocates insist that Rent Stabilization is landlord friendly and should be made more stricter. Hahahaha! Yeah right! GTFOH!

[Green Explorer]

Originally Posted by hilltopjay

At least we both agree that landlords are getting screwed by Rent Stabilization. I've been saying that for ages. Yet I find it laughable when tenant advocates insist that Rent Stabilization is landlord friendly and should be made more stricter. Hahahaha! Yeah right! GTFOH!

hill,
You have to understand the mindset of these rent control advocates, and what they define as "pro-landlord". If you do then their rather ridiculous pronouncements will just roll off your back. For example, they demand that rents be indefinitely FROZEN or even rolled back! In other words, a penny increase in rent is considered "pro-landlord"!
They are idealogues and extemists. Let's just leave it at that.

This entitled group feeds at the trough of not just the titular property owner, but also at that of market-rent tenants and all NY city and state tax payers. The system absolutely STINKS.

[hilltopjay]

Originally Posted by Green Explorer

hill,
You have to understand the mindset of these rent control advocates, and what they define as "pro-landlord". If you do then their rather ridiculous pronouncements will just roll off your back. For example, they demand that rents be indefinitely FROZEN or even rolled back! In other words, a penny increase in rent is considered "pro-landlord"!
They are idealogues and extemists. Let's just leave it at that.

This entitled group feeds at the trough of not just the titular property owner, but also at that of market-rent tenants and all NY city and state tax payers. The system absolutely STINKS.

I agree and yet these stupid a$$, self-serving politicians back these ideologues and extremists RC advocates and pass these stupid laws that make no sense and screw over landlords. It's really mind boggling!

[mathjak107]

what more can i add

[Alkonost]

Originally Posted by hilltopjay

I agree and yet these stupid a$$, self-serving politicians back these ideologues and extremists RC advocates and pass these stupid laws that make no sense and screw over landlords. It's really mind boggling!

It makes sense if you think of it as potential votes. There's more tenants than LLs. So if you were up for re-election, you'd tell the majority of voters exactly what they wanted to hear and throw LLs under the bus.

[Airborneguy]

I read these threads with true fascination. They are an honest case study on entitlement culture. There's absolutely no way to justify this program, and it boggles my mind that the renter side can't just admit that they want to perpetuate a completely indefensible system for selfish reasons. Just admit it for god-sakes and the conversation can at least proceed honestly.

[hilltopjay]

Originally Posted by Alkonost

It makes sense if you think of it as potential votes. There's more tenants than LLs. So if you were up for re-election, you'd tell the majority of voters exactly what they wanted to hear and throw LLs under the bus.

Yeah but only LEFT-WINGED, BLEEDING HEART LIBERAL politicians aka the scumbag DEMOCRATS WHO cater to the Tenant lobby. Republicans understand how businesses work and are against any price control of any sort. They understand the law of supply and demand. In fact, it was during the Giulliani/Pataki/Bruno era (all republicans) where rent regulations were reformed to help out landlords, the birth of deregulation (thank God), preferential rents, more than 1 vacancy lease increase in a year, 4 year statue of limitation, etc. Not to mention this is the same era NYC started to clean up and the change was notable. All under republican leadership.

When republicans are in charge, they understand that rent control screws over landlords and has a ripple effect on other things which keeps neighborhoods stale, poorly maintained and ghetto. So let it be clear to everyone... it's the DEMOCRATS who cater to these tenant advocates for votes, not the republicans. If you're a landlords, vote republican across the board, if you're a market rate renter and are fed up with your upstairs neighbor paying half the rent you're paying, vote republican across the board. If you want to see NYC and all the outer boroughs improve and clean up, vote republican across the board. If you want lower taxes and smaller government, vote for republicans.

Now, if you want more welfare people living in NYC, if you want to keep the entitlement culture alive in NYC, if you want to keep paying high taxes so the destitutes can continue free loading off the backs of the hard working tax payers, if you want more food stamps, if you want more housing projects aka "affordable housing" being built, then vote democrats...they gotcha back!

[hilltopjay]

Originally Posted by Airborneguy

I read these threads with true fascination. They are an honest case study on entitlement culture. There's absolutely no way to justify this program, and it boggles my mind that the renter side can't just admit that they want to perpetuate a completely indefensible system for selfish reasons. Just admit it for god-sakes and the conversation can at least proceed honestly.

Totally agree!!!!