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The newer more expensive modern condos are already compliant.
The most affected would be the co-ops and older cheaper buildings. Its just another tax on the working class.
They will go after rentals next.
This reminds me of a book I recently read about what the real agenda is with these impositions of, “clean energy” and others. The scary book is called, “ DE-HUMAN: Essays on the DeGrowth, DeCarbon and DeCrypto War on Real Human Progress.” It’s extremely disturbing but sad that many people are not aware of a dystopian future which is to come in the name of “green new deal,” “clean energy,” and “food security.”
It’s just a very lucrative business scheme. There’s no hidden agenda besides making boatloads of money behind a “moral” facade.
It’s the same reason NYC imposed this regulation. They know that it will take decades to conform to and in the meantime they’ll collect some juicy revenue.
This thread is a whole bunch of crying over nothing. If it were up to some of you on here, we would have no environmental laws at all, and air and rivers would be as polluted as they were at the beginning of the Industrial Revolution.
Let’s establish some context here. Because it appears most of you know nothing about building maintenance nor upkeep. Most heating systems have a lifespan of 20 to 30 years at MOST. Many buildings replace their systems well before that time period due to maintenance issues and efficiency of newer systems. Local Law 97 was designed with this is mind. That is why the majority of penalties don’t kick it until 2030, when the majority of buildings will have already needed to undergo a renovation/replacement of their heating system.
Co-Ops and condos that are properly managed should have already planned for the cost of replacing heating systems even WITHOUT local law 97. Granted, the systems required by LL97 are more expensive than your traditional heating systems but that is why the state provides Co-Ops and Condos with low interest loans to help cover this additional expenses. For the vast majority of condos and co-ops, the energy savings should more than allow them to recoup the costs of the loan over a decade or so.
There is no doomsday maintenance increase on the horizon as these costs will a. Be temporary assessments and b. Should have already been planned for by the majority of well run buildings.
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