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With that train of thought, nobody chose to be born either, we all had no choice coming out of our mothers
What are we supposed to say, well too bad, now you're out, go and try to make sense of the world now
LoL
Umm, of course you didn't have a choice to be born, but there is no force telling you that you can't quit if you don't like it... you always have that option.
pretty soon the only housing will be gov't owned ....
Yaaaay.
KK is the type of person who wants the whole city to turn into projects lol.
Don't you own shares in your own building's company? Always thought you lived in a co-op.
pretty soon the only housing will be gov't owned ....
no way would i ever invest in rentals of any type here in ny .... to many better ways to invest with none of this bull. it used to be average folks were more comfortable using leverage in real estate then margin in other investments so real estate was the better choice if one was borrowing money , but it is getting to the point it just has to many strings attached to it and the anti landlord actions of this state show the hand writing on the wall for investors .
With that train of thought, nobody chose to be born either, we all had no choice coming out of our mothers
What are we supposed to say, well too bad, now you're out, go and try to make sense of the world now
LoL
Here is a reality. NYC is an expensive place to do business. High real estate acquisition costs, fees, taxes, regulations, etc. NYC isn't the only investment option available. NYC's problem is its low vacancy rates for all levels of housing aside from the most upscale.
At some point folks will have to understand that they will drive all small landlords out of business and then the only ones left will have addresses in Tel Aviv, Beijing and Moscow. Speculators looking for US dollar denominated assets.
I suggest that the city helps small landlords to survive. Why not look at tax breaks in exchange for reasonable rents. These are the ones who must keep their units full and cannot afford to spend too much on acquiring new tenants, nor can they afford to deal with tenants who cannot afford to pay their rents on time. They cannot warehouse units.
But our "communist" friends who think that every single landlord is wealthy and greedy don't understand this. Heck many small landlords are just looking for decent tenants to secure their mortgages and to provide them with extra income when they retire. When they raise their rents on existing good tenants (those who pay on time, don't destroy their apartments or become nuisances to others in the building) its because they have to as they certainly don't want tenants like these to move elsewhere.
Most of these screamers are Millennials who have no idea what NYC was when in 1989 some called it Calcutta on the Hudson and Koch painted flowers on the windows of abandoned buildings. They need to look at images from the late 1970s and early 80s.
I suggest that the city helps small landlords to survive. Why not look at tax breaks in exchange for reasonable rents. .
they already duped landlords in to this ... they told landlords if they went along with stabilization they will have tax breaks and rents would always be fair .. it is only to prevent gouging .....
fool me once shame on you -fool me twice -shame on me ....
we saw all the co-op conversions just because landlords wanted out after being tricked in to it .
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