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It's about time someone challenged these UNFAIR and SOCIALIST Rent Stabilization laws created by the liberals/democrats. Being that the rest of the 49 states are and have free market rentals, hopefully the Supreme Court will overturn this horrible law that has a strong-hold on NYC. Besides, price gouging in apartment rentals DOES NOT EXIST. Its a LIE created by the liberals to pay cheap rent at the landlord's expense.
Exactly right. Whether you own 5 units or 500, rent control/stabilization is an unfair law that targets landlords and. FORCES them to subsidize tenants that pay below market rents. Since when are landlords a charity company?
Hope he fails. There has to be some affordable housing left in NY. Although, maybe it would be cool if he does win, and finds that people start to leave New York because of the impossible rents, and he gets stuck with unrentable spaces and real estate bills that he has trouble paying.
Hope he fails. There has to be some affordable housing left in NY. Although, maybe it would be cool if he does win, and finds that people start to leave New York because of the impossible rents, and he gets stuck with unrentable spaces and real estate bills that he has trouble paying.
Wouldn't he still be able to rent it out for what he was asking under rent stabilization? Only this time it would be because of business conditions instead of regulations.
Everyone, this person is suing to have HIS current situation exempted from rent stabilization, his building and this particular set of circumstances within the building. While I do not know all of the particulars, he may have a good case. I am not entirely sure why his property would have remained stabilized in the first place.
In no way is he suing to overturn rent stabilization generally speaking. And in no way will this happen here. The case might open the door for some of the mistakes/abuses to be addressed. But again, I do not know the particulars and lack the time to fully investigate this case.
When you buy a building, you see the rent roll BEFORE signing anything. If you know the building you're interested in is under rent stabilization laws and you don't want that, then don't buy the building! You get all the tax perks that RS/RC bring you but you complain about RS/RC tenants. Please.
Wait.... do I hear it?.... Hold on.... yep, there it is: The LLs war cry: "Oh, I LOSE money every month. Every month, I come out behind." What a freaking joke that is. If you're "losing money" every month, then you are either: 1. A moron with no management skills or 2. A moron who can't keep track of his own money.
When you buy a building, you see the rent roll BEFORE signing anything. If you know the building you're interested in is under rent stabilization laws and you don't want that, then don't buy the building! You get all the tax perks that RS/RC bring you but you complain about RS/RC tenants. Please.
Wait.... do I hear it?.... Hold on.... yep, there it is: The LLs war cry: "Oh, I LOSE money every month. Every month, I come out behind." What a freaking joke that is. If you're "losing money" every month, then you are either: 1. A moron with no management skills or 2. A moron who can't keep track of his own money.
Of course. But here, is it easier to simply point out that this "Landlord" is not exactly asking the "U.S. Supreme Court to overturn Rent Stabilization in NYC" and that he will not be "successful!!!" - whatever that means.
I stated earlier that I am far from an expert on this case, however, I do know that the court has not yet agreed to hear the case. He has not filed a case, but a petition.
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