Rent Stabilization Succession Rights...Is It REALLY Fair??? (New York, Albany: rental, insurance)

[Chelsa1075]

while I agree in part with what you said, i disagree with the fact that because some people (even those who can afford to pay more), pay substantially less than a regular apartment there for forcing the working class to subsidize for those who don't pay market, essentially making working and middle class poor, because we spend such a big portion of our salaries on rent.

[A_Better_Bronx_2morrow]

Originally Posted by samyn on the green

If you are not a looter, moocher or parasite this government is not going to help you. This is a bullish time for the parasites of the world.

As a landlord your reward for hard work is higher property taxes. While they are forcibly looting you from the tax end they swing around to the other side and annex your freedom as a landlord to charge market rates. So then they enable the moochers to use your property for less than the value. Then to top it all off they take your tax money and forward it to a slew of parasites clamoring for bailouts. While all of this is happening the hard workers with no access to this sweetheart government rent controlled units have to pay above market rate to make up for the moochers who pay $950 for a $2500 apartment.

This system stifles everyone's spirit and few feel motivated to use their full creative passion to make something in this world. When looters, moochers and parasites are continually rewarded the hard workers and passionate creative juggernauts withdraw and society decays.

You are right. Look up the definition of SOCIALISM and you will see that the RENT STABILIZATION laws are EXACTLY what the definition of SOCIALISM is.

You take MONEY from the people that are better off (landlords)and give it to the people who are poor, crackheads, alcholics, thugs and hood rats and to the ones who are TOO LAZY to get off their a** to get a job or TOO LAZY to further their education to better themselves so that they can be more MARKETABLE when looking for a well paying job.

[DAS]

Wow the last post and the post that is quoted in it have such nice insults.

The RS tenents that are being referred to for the most part make about the same salary that this landlord claims he is able to pay himself. RS apts in my neighborhood rent for about 1500-1900 for 2 bedrooms. How much more are they supposed to pay? As for the name calling since they make about the same salary rate as this landlord, I guess it is true, it takes one to know one.

[newtoli]

Mod cut: personal attack

I got accused (along with my family) of being some bottom feeder, evil rent control system manipulator, welfare case by said poster as well (even though I make 2x his salary and don't even rent). Classy.

[A_Better_Bronx_2morrow]

Originally Posted by DAS

RS apts in my neighborhood rent for about 1500-1900 for 2 bedrooms. How much more are they supposed to pay?

Those apartments in your neighborhood that go for $1500-$1900 for a 2 bedroom are NOT the apartments myself and other landlords are referring too. Those prices you refer to are market rent for Queens and Brooklyn, only Manhattan rents are higher for 2 bedrooms. I have no problem with those prices. No landlord will charge more than the market can bare. Price gouging CAN NOT and DOES NOT EXISIT. Thats like me saying I'm renting a 1 bedroom in the Bronx for $3,000. Who in their right mind will pay 3K a month for a 1 bedroom in the Bronx???? NOONE! If I was bold enough to rent it for that amount, I guarantee you that it will stay vacant UNTIL I drop the price to what the market can BARE in my neighborhood.

We are talking about the tenants who pay 7, 8, 9 hundred dollars for a 2 bedroom when the market rent lets say in my area (Bronx) is between $1350-$1450. Thats the fustrating part.

[drkman]

Originally Posted by DAS

Wow the last post and the post that is quoted in it have such nice insults.

The RS tenents that are being referred to for the most part make about the same salary that this landlord claims he is able to pay himself. RS apts in my neighborhood rent for about 1500-1900 for 2 bedrooms. How much more are they supposed to pay? As for the name calling since they make about the same salary rate as this landlord, I guess it is true, it takes one to know one.

Yea the insults are really nice. I never knew that I was so many things at the same time. Well I better leave from work so I can become a poor, crackhead alcoholic thuggish hood rat moocher with no motivation and no comprehension of what a hard day's work is .

[A_Better_Bronx_2morrow]

Originally Posted by drkman

Yea the insults are really nice. I never knew that I was so many things at the same time. Well I better leave from work so I can become a poor, crackhead alcoholic thuggish hood rat moocher with no motivation and no comprehension of what a hard day's work is .

If you ain't a thug or a crackhead then it doesn't apply to you. So why feel like you've been offended? You should be on my side so we can better our neighborhood by calling out who's a nusiance and who's not.

[SeventhFloor]

Originally Posted by A_Better_Bronx_2morrow

You are right. Look up the definition of SOCIALISM and you will see that the RENT STABILIZATION laws are EXACTLY what the definition of SOCIALISM is.

You take MONEY from the people that are better off (landlords)and give it to the people who are poor, crackheads, alcholics, thugs and hood rats and to the ones who are TOO LAZY to get off their a** to get a job or TOO LAZY to further their education to better themselves so that they can be more MARKETABLE when looking for a well paying job.

you know that the funny thing is...let's say every person in the US had a bachelor's degree. would they honestly take any job that was available that simply isnt worth 4 years of education? its not going to work that way. the people that dont go to school ultimately work lower paying jobs, which are still a necessity in any large urban city.

like i said, break it down like this:
let's say in manhattan for example, lets say there was no NYCHA in manhattan, and all the apartments got deregulated. now what would be the incentive for somebody making $800 a week as a cashier in rite aid to spend $81 of that getting to work? then to pay rent on top of that? none. they'll work as a cashier in rite aid closer to their home. then who will cater to the elite in manhattan? personally i feel its worth it to commute to manhattan to make $45K, which is what i make gross annually. i wouldn't think it was worth it to commute to manhattan to make less than that, and when i did do that, i was living with my parents and not paying rent.

[gradstudent77]

Originally Posted by lamontnow

DAS,
That statement indicates that you totally do not understand the economics of rent regulation and it's harmful effects on market-rent tenants. Analyses and studies of the NY market by housing specialists (not landlords) have explained this. Briefly it goes like this:

Hundreds of thousands of regulated apartments are kept off the market by low-rent occupants who sit on them for many years and often decades. This occurs because of the artificially low rents. Thus the supply of apartments on the market is kept artificially low, causing market rents to be artificially high because of the demand:supply ratio. Deregulation would bring these apartments onto the market, increasing supply, and lowering market rents. You don't have to be a rocket scientist to understand this. When supply increases relative to demand, prices decrease. DAS, can you understand this?

This is why rent regulation has been phased out or abolished almost everywhere in the US. As a result, market rents declined in these areas, as expected.

But why wouldn't a new supply be created to compensate for the supply being horded by below-market rate tenants? That's right, zoning. Zoning and rent control combine to create the infamous NYC market rent.

[gradstudent77]

Originally Posted by I_Love_LI_but

I cannot be convinced that if it were all abolished tomorrow rents would go down, especially in Manhattan. I think the rents of any newly available apartments (THAT WERE NOT CONVERTED TO CO-OP OR CONDO UPON THE ABOLISHMENT OF RENT CONTROL AND STABILIZATION) would go sky-high to match market rents.

Absolutely not. If you do not believe me, I think I have a good econ 101 text I could recommend.