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Old 08-16-2021, 09:07 AM
 
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https://midhudsonnews.com/2021/08/15...under-new-law/

One of the last things he is doing before he leaves officially is signing legislation enacting the “Housing Our Neighbors with Dignity Act,” (HONDA). The law paves the way for distressed hotels and other commercial properties to be used for affordable housing. Thoughts?
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Old 08-16-2021, 09:13 AM
 
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Originally Posted by Tiredofnyclife View Post
https://midhudsonnews.com/2021/08/15...under-new-law/

One of the last things he is doing before he leaves officially is signing legislation enacting the “Housing Our Neighbors with Dignity Act,” (HONDA). The law paves the way for distressed hotels and other commercial properties to be used for affordable housing. Thoughts?
Small LLs, this is your last chance to make any type of money in residential real estate in NYC (if this is how you really want to spend your days making money)
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Old 08-16-2021, 09:34 AM
 
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7th this is what you've been wanting right?
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Old 08-16-2021, 04:11 PM
 
Location: The Ozone Layer, apparently...
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I just wanna sell and GTFO! Thank you, Gov Cuomo for showing me the door today.
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Old 08-16-2021, 05:01 PM
 
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He should have been impeached. He got away with a “favor” and can’t just fade away. His ego is just to big.
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Old 08-16-2021, 06:08 PM
 
874 posts, read 725,495 times
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Originally Posted by Tiredofnyclife View Post
https://midhudsonnews.com/2021/08/15...under-new-law/

One of the last things he is doing before he leaves officially is signing legislation enacting the “Housing Our Neighbors with Dignity Act,” (HONDA). The law paves the way for distressed hotels and other commercial properties to be used for affordable housing. Thoughts?



since when does 1 man make the laws? doesnt it take more then 1 person, to pass a LAW in NY?
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Old 08-16-2021, 06:37 PM
 
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Originally Posted by 90sSitcom View Post
7th this is what you've been wanting right?
Yeah
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Old 08-16-2021, 09:10 PM
 
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Originally Posted by SeventhFloor View Post
Small LLs, this is your last chance to make any type of money in residential real estate in NYC (if this is how you really want to spend your days making money)
Did you read? The law specifically says commercial properties. Sorry to disappoint but this is not the godsend small LLs were hoping for. Cuomo managed to screw over NY one more time before he leaves.
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Old 08-17-2021, 08:03 AM
 
33,862 posts, read 47,057,497 times
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Originally Posted by Tiredofnyclife View Post
Did you read? The law specifically says commercial properties. Sorry to disappoint but this is not the godsend small LLs were hoping for. Cuomo managed to screw over NY one more time before he leaves.
Lol. Were you really suggesting that I thought small time LLs will turn their 3 unit building into 12 rooms? Lol. Sell the property and invest in some vacant commercial builidng, turn it into an SRO - if housing people is really how you want to make your money, here's the opportunity. It's happening across the country already, conversion of commercial space into residential housing.
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Old 08-17-2021, 10:38 AM
 
Location: Manhattan
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It's happening across the country already, conversion of commercial space into residential housing.

Just think how many people you could house in a vacant MALL. Three hundred cubicles in a Penney's, 300 more in a Sears, 300 in a KMart, 25 in a Border's Books. The sky's the limit. One Dollar Tree for each 300 resident.

And ONE Whole Foods for the imaginary Welfare Queen.
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