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Old 08-30-2021, 08:14 PM
 
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Game on!

State's largest group representing landlords has put new governor and the legislature on notice. They will unleash a flurry of legal action if eviction ban slated to expire 31 August 2021 (that's tomorrow, Tuesday), is extended.

Democrats in assembly and senate want to extend NYS's eviction ban again this time until January 2022, but landlords are saying they can't have it.


https://nypost.com/2021/08/30/ny-lan...orium-extends/
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Old 08-30-2021, 08:15 PM
 
Location: Honolulu/DMV Area/NYC
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May they be successful with their lawsuits.
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Old 08-30-2021, 08:22 PM
 
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Quote:
Originally Posted by prospectheightsresident View Post
May they be successful with their lawsuits.
Not for nothing much of this mess lies squarely with Albany.

State got eff tons of money from first federal stimulus for rent/housing assistance, then piled on tens of billions more in last stimulus package. To date NYS has barely given out less than 10% of that money.

People apply and then things go into a black hole. They don't hear anything for the several weeks (or months now) it takes for a decision to be made. That or either tenant and or LL are asked to resubmit documents they already sent.

Of course liberal, progressive, socialist democrats who hate landlords anyway have used covid crisis to stick it to property owners four thousand ways from Sunday.
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Old 08-30-2021, 08:27 PM
 
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In reality virtually none of the hundreds of bad things Albany and city hall predicted would happen to state or city due to covid have happened.

Il Duce and Sam The Eagle were wailing how state and city would see drastic declines in revenue leading to huge budget cuts. That didn't happen, in fact quite the reverse, state and city raked in huge sums in tax, fee, and surcharge revenue. Schumer and Biden came though and kicked down from Washington, D.C. an eff ton of federal stimulus money that piled onto those surpluses.

Even if eviction ban ends tomorrow it's not like housing courts are anywhere near capable of dealing with massive amounts of new filings.

It took on average over a year to evict a tenant in NYC normally *before* covid. What makes Albany or whoever think that timeline will be speeded up now?
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Old 08-30-2021, 11:10 PM
 
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Anyone can sue for anything at any time. Winning is a entirely different matter (especially in anything like a timely manner.)
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Old 08-31-2021, 06:13 AM
 
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They should sue themselves for renting out property and still owing on said property themselves, either way they'll win

How much repairs does a 2-3 family house need, is something breaking every day

Go feed the bull to somebody who's hungry
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Old 08-31-2021, 06:24 AM
 
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All of a sudden LLs need money for "repairs"

They jumping to do "repairs" now

Bull
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Old 08-31-2021, 06:25 AM
 
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"The mortgage will pay for itself"

Not when your tenant is not working

Lesson learned to those crying, get a tissue

Boomers make way for the Zoomers
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Old 08-31-2021, 06:27 AM
 
106,681 posts, read 108,856,202 times
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Originally Posted by SeventhFloor View Post
They should sue themselves for renting out property and still owing on said property themselves, either way they'll win

How much repairs does a 2-3 family house need, is something breaking every day

Go feed the bull to somebody who's hungry
If I was buying a rental property I would only buy it with someone else’s money knowing now what I know.

New York is a non recourse state …

If the property is not doing well hand the keys to the bank and good bye.

When it is all your money at risk ,that is not a good situation in an investment property
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Old 08-31-2021, 06:28 AM
 
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Originally Posted by mathjak107 View Post
If I was buying a rental property I would only buy it with someone else’s money knowing now what I know
It really doesn't matter. If the tenant is out of work who cares whose money bought it
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