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Old 03-01-2018, 06:29 AM
 
Location: Manhattan
25,368 posts, read 37,078,660 times
Reputation: 12769

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Interesting is the buried link to the Starrett City proposed sale. Trump owns 14% of Starrett City and HUD will have to approve the sale for BIG money and eventually BIG rents. So Ben Carson will get final say on whether the Donald gets a windfall and his tenants get screwed.
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Old 03-01-2018, 07:57 AM
 
Location: Harlem, NY
7,906 posts, read 7,888,702 times
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Quote:
Originally Posted by Kefir King View Post
Interesting is the buried link to the Starrett City proposed sale. Trump owns 14% of Starrett City and HUD will have to approve the sale for BIG money and eventually BIG rents. So Ben Carson will get final say on whether the Donald gets a windfall and his tenants get screwed.
Oh wait. I ain’t see this. Let me go read
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Old 03-01-2018, 08:02 AM
 
Location: Harlem, NY
7,906 posts, read 7,888,702 times
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Quote:
Originally Posted by Kefir King View Post
Interesting is the buried link to the Starrett City proposed sale. Trump owns 14% of Starrett City and HUD will have to approve the sale for BIG money and eventually BIG rents. So Ben Carson will get final say on whether the Donald gets a windfall and his tenants get screwed.
Just read it. Sh** is real for Starrett City tenants
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Old 03-01-2018, 08:07 AM
 
1,214 posts, read 1,842,769 times
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The article doens't mention. Will he be criminally prosecuted, or does he just lose his lease? I don't see how you can claim a $24,000 salary but making 10x that without falsifying or hiding info.
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Old 03-01-2018, 08:14 AM
 
Location: Harlem, NY
7,906 posts, read 7,888,702 times
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Quote:
Originally Posted by wiivile View Post
The article doens't mention. Will he be criminally prosecuted, or does he just lose his lease? I don't see how you can claim a $24,000 salary but making 10x that without falsifying or hiding info.
He probably hid it in a LLC or a offshore account and falsified documents to make himself appear poor

They should prosecute the sh** out of him. He was already sued. People in this city really NEED affordable housing, and for him to STEAL housing is dispicable. I have no respect for people like him.
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Old 03-01-2018, 08:27 AM
 
106,670 posts, read 108,833,673 times
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llc would not do it . you can't hide a thing in an llc since an llc passes everything to you personally . tax wise an llc is transparent . we have an llc that holds our real estate . the llc can not retain 1 penny that is not passed to us personally . the llc pays no taxes on its own . it reports on a k1 and you have to deal with any taxes .
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Old 03-01-2018, 08:34 AM
 
1,214 posts, read 1,842,769 times
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Wait, I'm confused. Did his income grow after he moved in? If so, that's allowed. If he hid income at the time of leasing, that's not allowed.

The articles mention recertifications- I thought that once you were in, you were in for life? You don't have to requalify for these lottery apts every year. It is supposedly acceptable to make $100k+ as long as you qualified when you got the apt.
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Old 03-01-2018, 08:38 AM
 
Location: Mott Haven, New York
965 posts, read 1,114,064 times
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Quote:
Originally Posted by antinimby View Post
The title is misleading. How many times have I read around here that after the 40X rule, 200K is not really that high of a salary, and for NYC standards anyway, aren’t really considered rich.
It's high if you are paying $600 a month in rent.
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Old 03-01-2018, 09:51 AM
 
7 posts, read 16,679 times
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He also used niece and nephew as dependents but never lived there.
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Old 03-01-2018, 09:35 PM
 
34,091 posts, read 47,293,896 times
Reputation: 14267
Quote:
Originally Posted by HellUpInHarlem View Post
Just read it. Sh** is real for Starrett City tenants
Man that article is from November

Nail already been in the coffin tho, even before this

I'ma start posting nothing but fly East New York houses.
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