More than 60,000 Rent-Stabilized Apartments are Now Vacant (New York, Albany: for rent, buy)
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Excusing poor behavior by pointing at other poor behavior is never a legitimate argument. I was taught that as a young child.
It's hilarious that you claim to be a fan of Ron Paul. Do you even realize what his political positions were? It reminds me of most of SI voting Republican but having the highest percentage of government workers. No wonder we're in an era of dishonest politicians being elected left and right.
If a government mandate were to be installed in NYC where rent stabilization would be revoked, trust me, I'd be able to survive on market rate. I think I've made pretty good for myself. Even out of the city, I'd live like a queen. Problem is, I'd need somebody to do the physical work of cutting the grass, cleaning the pool and making repairs for me.
I wonder how giving free rent to illegal aliens (who are literally invaders) how is their free rent going to effect our rent prices? How is the invaders free rent going to effect our taxes?
Eric adams recently announced he has been working hard to find the invaders some work that is under the table, tax free work. Is that going to be healthy for the tax payers pocket books, more invaders working under the table?
And when i say invaders i really mean it and not as a mean way. The thing is that they change the way to name them almost daily. It started with the true definition, illegal alien is what they are. They keep changing that definition though. Since they are now legit invading our country, they are probably illegal alien invaders, but we are not allowed to say the truth, so what is the new fluffy term we are supposed to use for the invaders?
Also, new york city does not have “millions of unfilled jobs”. New york city is one of the slowest places to recover jobs from the pandemic experiments. Why? Because we have easily over 1 million new residents that are illegal aliens, and the number is just increasing.
It has everything to do with illegal immigrants. They are not the pawns in this game, like how people say politicians are using illegal migrants as pawns. The illegals are not pawns, they are the king piece. Our country is legit being invaded.
The cities and states that are slowest to recover from the experiments are the Democrat run places with sanctuary city status.
Why are people unable to calculate how expensive the illegal immigrants are? Too few are able to understand the extent of the public charge.
The illegal immigrants steal from every conceivable category of life from tax payers.
But of course, if it makes the bleeding smug liberals happy that is all that matters. We have to appease the bleeding liberals.
Lol lay off whatever drugs you're taking and maybe you'd be able to afford those legal pads without going into an angry tirade
You're basically a south park caricature at this point.
No where did I say unscrewing up the market shouldnt Be done ….the problem is it has created a situation which if undone will hurt people even more as boston demonstrated.
Rents went up across the board and not down as building permits and renovation permits soared .
All this new cost money and it was reflected in everyone’s rent going up stabilized or not as all rents rose with the tide.
Last year alone saw boston rents on average shoot up 17%
So much ado about Nuttin as far as stabization effecting others
Rent stabilization in NYC absolutely affects tenants in the unregulated 50% of the rental market with higher demand and higher rents vs a completely unregulated market. The slow RS deregulation that started in NYC during the 1990s may have been an answer, but that no longer exists.
Unregulated apartments are generally priced multiples higher than stabilized apartments. Stabilized apartments do not turnover under any normal rental patterns and are sometimes off the market for multiple generations. This is one of the reasons why the NYC rental market is so insanely expensive.
There is no higher demand …the same amount of people are still needing the same amount of available housing .
It’s basic economics …all that is happening is one group may be paying less then others but they still need a place to live..
Destabilize and The only change would be all would pay Higher rents like boston saw .the stabilized stuff would get renovated and brought up to market .
Rents would be based on full market values of apartments and buildings .
You need a drastic supply increase of rentals , just shuffling the deck isn’t increasing supply …
many of those 60,000 warehoused apartments which only account for less than 6% of stabilized apartments ,may be converted to condo or coop without stabilization and they would add nothing to the rental market.
Some may be converted to multi use commercial properties , again shrinking available resi housing …
In fact it may increase demand for housing if they had to leave because the building was being converted.
So lower rents is not going to happen either way
Last edited by mathjak107; 10-31-2022 at 02:00 PM..
If a government mandate were to be installed in NYC where rent stabilization would be revoked, trust me, I'd be able to survive on market rate. I think I've made pretty good for myself. Even out of the city, I'd live like a queen. Problem is, I'd need somebody to do the physical work of cutting the grass, cleaning the pool and making repairs for me.
That’s even worse. I understand those that truly need the help. The problem with the current day NYC welfare state is that many participate in it just because they can/ they see others who truly don’t need it participating.
It’s the moral degradation of society.
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