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03-10-2009, 01:49 PM
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I ♥ Affordable Housing - NYC Mod
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Join Date: May 2007
Location: "DA VERNE" aka Arverne, NY
2,876 posts, read 2,953,105 times
Reputation: 372
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Rent Stabilization @ The Apthorp
__________________
"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
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03-10-2009, 07:25 PM
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Senior Member
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Join Date: Oct 2008
Location: The Bronx
1,172 posts, read 713,474 times
Reputation: 317
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Anyone else find it disturbing that this family brags about manipulating it's income to keep it below the $175,000 threshold so it can keep this apartment stabilized and only pay 2,800/mo ? They own multiple restaurants and probably really make millions .Maybe the income is diverted to a trust or something so they keep it under the limit.
Surprising they are so public about their situation.
It would be great if this story leads to an investigation that results in their removal from the apt or a rent increase to the market rate.
The rent laws were not designed to protect people like this.
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03-11-2009, 07:43 AM
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Senior Member
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Join Date: Jan 2008
Location: Brooklyn, New York
824 posts, read 524,314 times
Reputation: 202
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Quote:
Originally Posted by bluedog2
Anyone else find it disturbing that this family brags about manipulating it's income to keep it below the $175,000 threshold so it can keep this apartment stabilized and only pay 2,800/mo ? They own multiple restaurants and probably really make millions .Maybe the income is diverted to a trust or something so they keep it under the limit.
Surprising they are so public about their situation.
It would be great if this story leads to an investigation that results in their removal from the apt or a rent increase to the market rate.
The rent laws were not designed to protect people like this.
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No it is not fair but I think it is one of the extremes in the Rent Stab category. They probably divert most of their profits back into their business so it is not counted as individual or household income. |
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03-11-2009, 08:24 AM
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Senior Member
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Join Date: Sep 2008
622 posts, read 164,431 times
Reputation: 138
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Quote:
Originally Posted by bluedog2
Anyone else find it disturbing that this family brags about manipulating it's income to keep it below the $175,000 threshold so it can keep this apartment stabilized and only pay 2,800/mo ? They own multiple restaurants and probably really make millions .Maybe the income is diverted to a trust or something so they keep it under the limit.
Surprising they are so public about their situation.
It would be great if this story leads to an investigation that results in their removal from the apt or a rent increase to the market rate.
The rent laws were not designed to protect people like this.
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No matter how disturbing it is, they are under complete protection of the rent regulation laws. That's why they can be so public about it.
BTW, the income manipulation will soon become easier for them and others like them.The state legislature is about to raise the allowed income to a quarter million. 
Last edited by lamontnow; 03-11-2009 at 08:45 AM..
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03-11-2009, 03:09 PM
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Senior Member
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Join Date: Dec 2007
1,356 posts, read 971,408 times
Reputation: 421
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This is no different than the baby mamas who have a boatload of illegitimate kids and leech off the welfare system for years on end while having one male after the next living with them.
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03-11-2009, 03:22 PM
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Senior Member
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Join Date: Oct 2008
Location: The Bronx
1,172 posts, read 713,474 times
Reputation: 317
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Quote:
Originally Posted by omigawd
This is no different than the baby mamas who have a boatload of illegitimate kids and leech off the welfare system for years on end while having one male after the next living with them.
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So what's your point ? |
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03-11-2009, 04:12 PM
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Senior Member
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Join Date: Oct 2008
2,098 posts, read 1,143,010 times
Reputation: 570
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Yeah, I was a little disturbed by the article, too. So we're supposed to applaud this family because they let aspiring models sleep on the floor? That is their contribution to society?
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03-11-2009, 05:05 PM
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Senior Member
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Join Date: Sep 2008
622 posts, read 164,431 times
Reputation: 138
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Quote:
Originally Posted by bluedog2
Anyone else find it disturbing that this family brags about manipulating it's income to keep it below the $175,000 threshold so it can keep this apartment stabilized and only pay 2,800/mo ? They own multiple restaurants and probably really make millions .Maybe the income is diverted to a trust or something so they keep it under the limit.
Surprising they are so public about their situation.
It would be great if this story leads to an investigation that results in their removal from the apt or a rent increase to the market rate.
The rent laws were not designed to protect people like this.
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There will be no investigation. No NYC politician would dare be seen forcing a tenant out of rent stabilization.
Politics is why we have senseless laws that protect tenants like this. |
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03-11-2009, 05:08 PM
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The City of Lakes
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Join Date: Feb 2007
2,499 posts, read 2,181,217 times
Reputation: 548
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Quote:
Originally Posted by clevedark
Yeah, I was a little disturbed by the article, too. So we're supposed to applaud this family because they let aspiring models sleep on the floor? That is their contribution to society?
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That's more than most people. |
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03-11-2009, 06:13 PM
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Senior Member
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Join Date: Oct 2008
2,098 posts, read 1,143,010 times
Reputation: 570
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You know, I had the same thought as I was typing. (sigh)
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