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The coops were lucrative , once you get involved with rentals that stay rentals there are way to many parameters and deals to say what is lucrative and what isn’t
Our building we live in is one of two rental buildings in all of bay terrace . Every building other than us two are either coop or condos .
Otherwise you have to deal with one or two family homes and amateur landlord wanna bees , something I would never want to rent from ..
We always hoped the owners would take the building co-op …we would buy our apartment if they offered insider prices .
But the building , even being stabilized has been very lucrative for them over decades .
Every apartment that is vacated and unrenovated is renovated and immediately put up for rent .
As of now there are only a few studio apartments available so they warehouse nothing
Only thing I have seen them warehouse is indoor parking spots …while they cost 200 a month they try to hold the indoor ones for the two bedrooms when they come up as parking here is awful in this area
“ Every apartment that is vacated and unrenovated is renovated and immediately put up for rent.”
I wish these current landlords had this mentality. It’s what makes the most sense to me
“ And here in NYC it's extremely hard to get rid of a tenant.”
People have said this so many times but I know someone who lived in a building with a horrible tenant who also wasn’t paying rent on section 8 and was kicked out with a year of filing. Maybe after covid but before it wasn’t extremely hard it just costs money. It’s not impossible. Many many people have indeed been evicted. During and post covid is another story
So true. this is what happens unfortunately when a person does not pay rent to the Land Lord.
Evictions are heart breaking. Even property owners can end up in the street if their bills are not paid.......
More than 60,000 Rent-Stabilized Apartments are Now Vacant
Please stay on topic and respond to a post without instigating.
otherwise hit the ignore button If you do not like what a poster has to say.
More power to Property Owners who are protecting their business
regardless of how other non property owners/ renters view them. Heck, some posters on here owned property and gave them up to rent.
More power to them, but to complain by calling property owners who warehouse apartments derogatory names? ah..No.....Will not support that .
When I was a multi-family property owner I was well loved because my rents were at minimum $200 below market.
Could have just as easily been called a monster if my rent was $200 above. Who cares? My property not renters
but N.Y.C. laws are designed to back the tenant because of their merciless cries. An empty apartment has no say.
Not even realtors. They do the owners bidding.
What I do say is work..Work 2 jobs if you can't make ends meet like I did early in my life. Stay ahead of the curve to land that apartment.
No easy task, but if you can go for your own home. Do not get gobbled up by the system. Done it got the T-Shirt.
nuff said
“ by calling property owners who warehouse apartments derogatory names?”
Who did that? I said what they were doing was wrong and I hope the court sees that and rules in favor of tenants who were harassed into giving up their rent stabilized units. You seem to forget that you were patting a posters back here for calling some of us welfare cases? You’ve done it multiple times here
I’m glad there are posters here who I can have a normal conversation with. Our backgrounds and stance on the topic is different & we manage to not name call nor personally attack one another. That’s how you actually see what the other person is saying & have a real conversation
Why do you and your likes feel entitled to other people's property? Serious question. If you (or others) can't afford it go live in Alabama.
Why do you think ANYONE should work hard purchase property then be forced to give it to ANYONE else, especially strangers at a discounted rated?
Where do you live? I think you earn too much money. I am sure there are things in your apartment that I can find use for. Since you feel so entitled to other people's property.
Are you posting from an I-phone or MacBook? I think someone should take it from you. Why should you have luxuries when there are more deserving people?
I was being very very sarcastic here…..I thought it was clear but since you didn’t see that I’ll say it again- I was being sarcastic
“ by calling property owners who warehouse apartments derogatory names?”
Who did that? I said what they were doing was wrong and I hope the court sees that and rules in favor of tenants who were harassed into giving up their rent stabilized units. You seem to forget that you were patting a posters back here for calling some of us welfare cases? You’ve done it multiple times here
I’m glad there are posters here who I can have a normal conversation with. Our backgrounds and stance on the topic is different & we manage to not name call nor personally attack one another. That’s how you actually see what the other person is saying & have a real conversation
You seem to forget that you were patting a posters back here for calling some of us welfare cases? I’m glad there are posters here who I can have a normal conversation with.
Oh... I see... Some one I agree with that disagrees with you..........is guilty of the same posted words
and someone I opine and agree with is not a normal conversation from your point of view.
Again......if I read a post and I respond to it, I do so with an opinion not an attack.
To respond with disparaging remarks ( labeling my conversations not normal ? )
that is rather lacking.
We had debate class back in the 8th grade. Any student that spewed forward raw emotion
in response instead of formal discussion was handed a white surrender flag.
Once again getting back to the topic of discussion:
More power to Property Owners to do as they wish with their property. Renting or keeping it entirely vacant...............
nuff said.
I am not pro-rent control. I am of the type, "If you're going to give me the opportunity, then I'm going to take it"
My dad who worked for the MTA as a motorman retired at 50 (back when that was allowed), and although he passed away 21 years ago, my mother is still the beneficiary of his NYC pension. One can argue that the city is paying way too much into the retirement system,(I've read such articles) but I'm not one who will complain about that. There are certain things that are justifiable when it comes to using tax money. Why pay into the tax system to begin with? Affordable housing, healthcare, retirement and schools etc. are all justifiable causes to spend tax money and people should not be shamed for it.
You're just proving my point. The politicians have created a welfare state where many people are of the mindset "If you're going to give me the opportunity, then I'm going to take it". How do you think the welfare state is ballooning to the extent that it has? It leads to the moral (and economic degradation) of society.
People like to point to "socialist" Scandinavian countries but in those countries, being on welfare programs is shameful. Their welfare state isn't a free for all and they're certainly not of the mindset of "If you're going to give me the opportunity, then I'm going to take it". Why? Because they realize it leads to the decaying of society. Seeing the dishonesty around them, honest people only have two choices. Remove themselves from the system (i.e. leave) or join the system. My parents and grandparents came from a system (the USSR) which was built on dishonesty. Trust me, no normal, honest person wants to live in such a society. It takes time but eventual the entry system collapses due to the internal rot.
With regard to your father, that's an entirely separate topic. The fact is the city was paying way too much into the retirement system (that's a fact) and that's why most city workers who joined circa 2010 (?) are on a much, much less "favorable" plan. The city did this because if it didn't, it would bankrupt the pension system. Imagine a city that loves to flush money down the toilet actually reforming the pension system. Can you imagine how screwed the old system was that they actually reformed it?
Once again, I'm not faulting any individual who assesses the situation honestly. Your father's example is prima facia evidence of why the old retirement system wasn't sustainable. Is it your mother's or father's fault for the way the system was constructed? Of course not.
However, I do fault individuals when they're dishonest about their motives and about assessing the situation. Just took at your last statement above. Taxes are there for the maintenance and improvement of the general good. They're not there to be pilfered for individual gain or for politicians to use in exchange for votes. The tax system isn't there for some individuals to accumulate an increasingly net positive position for the treasury it while others suck it dry to the best of their ability. That's not a sustainable system and eventually it collapses. You're already seeing evidence of it in NYC because too large a percentage of the budget is solely being used to service the welfare state.
Quote:
Originally Posted by leastprime
I once believe that transit workers were paid/benefits too high. I was wrong.
In retirement and in an urban area, I started to use public transit more, I saw that they had a very tough job that I could never do.
YMMV
That's too broad a statement. One of the major issues with the MTA is the lack of productivity. What this usually means in any organization is that some people actually work while many others don't. What usually happens in these types of orgs is that everyone gets lumped in together because that's how the parasites are able to hide.
You seem to forget that you were patting a posters back here for calling some of us welfare cases? I’m glad there are posters here who I can have a normal conversation with.
Oh... I see... Some one I agree with that disagrees with you..........is guilty of the same posted words
and someone I opine and agree with is not a normal conversation from your point of view.
Again......if I read a post and I respond to it, I do so with an opinion not an attack.
To respond with disparaging remarks ( labeling my conversations not normal ? )
that is rather lacking.
We had debate class back in the 8th grade. Any student that spewed forward raw emotion
in response instead of formal discussion was handed a white surrender flag.
Once again getting back to the topic of discussion:
More power to Property Owners to do as they wish with their property. Renting or keeping it entirely vacant...............
nuff said.
This isn’t a debate class it’s citydata. I have no problem with people who disagree with me .
“ I’m glad there are posters here who I can have a normal conversation with. Our backgrounds and stance on the topic is different & we manage to not name call nor personally attack one another”
I have a problem with people who make disgusting comments and those who piggy back off their comments promoting horribly tolerated behavior here.
—-
Landlords who harass perfectly fine tenants into leaving their rent stabilized units so they can warehouse them should have to face the consequences of doing such horrible things. I hope those tenants get justice
This isn’t a debate class it’s citydata. I have no problem with people who disagree with me . I have a problem with people who make disgusting comments and those who piggy back off their comments .
Nuff said
I have a problem with people who make disgusting comments and those who piggy back off their comments .
I suggest Facebook or Twitter for those type of comments................. better chance of extracting an emotion.
Again back to the topic of Discussion
no one person has the right to take from another.
Americans live in a country where trade and industry is controlled by private owners.
What's mine is mine. This is not a socialist / communist country. What's yours is mine.
If there are 60,000 vacant apartments in the city being warehoused ( laws not broken )
apartment hunters can kick and scream all they want to no avail. This is Capitalism.
“ by calling property owners who warehouse apartments derogatory names?”
Who did that? I said what they were doing was wrong and I hope the court sees that and rules in favor of tenants who were harassed into giving up their rent stabilized units. You seem to forget that you were patting a posters back here for calling some of us welfare cases? You’ve done it multiple times here
I’m glad there are posters here who I can have a normal conversation with. Our backgrounds and stance on the topic is different & we manage to not name call nor personally attack one another. That’s how you actually see what the other person is saying & have a real conversation
Someone being a welfare case is not an attack. It's a fact. It's like calling someone thin or fat. Tall or short. It's an observation.
Calling it an "attack" is a way to silence criticism.
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