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Exactly, what I'm trying to say is that the landlord business needs to make a transformation from greed to providing a humane service. Certain things should not be a profit business, such as health care and pharmaceuticals, education, and housing.
All of those categories above should provide a federalized basic for all individuals. Any one who wishes to live above the basic standard will pay extra. Until then we need to have protection as renters to live in our homes. The greed is too tempting for landlords and they will do almost anything to get a tenant out, even break the law.
There are cases where landlords have murdered and attempted to murder tenants to get them out. that is sick!
You dont own that home, you are renting,
If you want such right, go and buy a house.
the irony to the whole thing is most buildings today were converted to co-op status in the 70's thur 90's.. once those rent stabilized and rent control tenents move all those buildings are under nooooo regulation...
anyone who thinks they are going to move into a building thats still rental only status and find a bargain might just us well be chasing the dot coms too. the era of paying below market rents after decades is just about gone once that tenent moves out. our rent stabilized apartments are about 20% below fair market value after 25 years of the same tenant,... when they move the apartment goes up 18% plus capital improvements, plus a multiplier for how long the tenant lived there and that equals todays fair market value.... the 3% average increase now is real world , infact its higher now then in some non rent stabilized apartments..
real estate is the only business singled out where the owner or investor has to be a charity and subsidize someone who maybe even richer than the landlord..........
theres not a heck of alot of greed in real estate with expenses as high as they are, long term appreciation sucked too barely knudging out the lowly treasury bill long term in residential real estate in most areas including our own, manhattan being the exception along with park slope ..... except for 3 run ups the last 20+ years almost any asset class short of a t-bill beat real estate
Last edited by mathjak107; 12-02-2008 at 05:32 PM..
I agree, but what about the struggling homeowner? They have to pay fuel costs as well and why should someone in a rental not pay the full amount of the fuel that they use? Why should the homeowner pay their taxes if an apportioned amount is not assessed to a rental unit? Renting apartments is a business as mathjak107 pointed out, and many landlords are not greedy people, especially the smaller landlords, but they are entitled to a reasonable profit for the money that they have invested in the property. Resale will not guarantee the return on investment, since buildings that are subject to rental stabilization guidelines have to be evaluated as to the number of units subject to legislation, and profitability of rent rolls by any prospective purchaser, and not all buildings appreciate.
yes rental real estate is valued by the rent role when sold. which may be a far cry from what the buildings worth if it had no rent stabilization inflicted on it.... thats why most buildings went co-op.... once the origional tenant moves the building is finally free of the charity business.
if they want to regulate something go regulate healthcare which rises 20% a year....but then again look at the crappy healthcare in canada... my buddies mom has cancer, she never sees the same doctor twice, she waits months sometimes for an appointment and most really good doctors cross the border everyday and work in the states so they can make a decent salary. you think they do mri's and scans of all sorts when you complain about something? not on your life, they send you home with a prescription and try another one if they didnt guess right as far as what the problem is.
guess price control and regulation works on nothing and just creates shortages or crappy service... it all sounds good politically but fails miserably in practice..... thats why communisium failed
Last edited by mathjak107; 12-03-2008 at 02:09 AM..
yes rental real estate is valued by the rent role when sold. which may be a far cry from what the buildings worth if it had no rent stabilization inflicted on it.... thats why most buildings went co-op.... once the origional tenant moves the building is finally free of the charity business.
if they want to regulate something go regulate healthcare which rises 20% a year....but then again look at the crappy healthcare in canada... my buddies mom has cancer, she never sees the same doctor twice, she waits months sometimes for an appointment and most really good doctors cross the border everyday and work in the states so they can make a decent salary. you think they do mri's and scans of all sorts when you complain about something? not on your life, they send you home with a prescription and try another one if they didnt guess right as far as what the problem is.
guess price control and regulation works on nothing and just creates shortages or crappy service... it all sounds good politically but fails miserably in practice..... thats why communisium failed
Agree, 100%
We should eliminate rent control, that way maybe the price would go down.
Certain things should not be a profit business, such as health care and pharmaceuticals, education, and housing.
QUOTE]
If you don't want pharmaceutical companies to make a profit, don't expect any more innovative medicines, such as Gleevek, all the biotech products that make bone marrow and organ transplants possible or other innovations that save lives.
^But Viralmd don't you think that it is slightly immoral to profit off of one's sickness. To deny medicine to someone simpy because they can't afford the exorbanant rates? You are an MD according to your name so maybe you might have a "conflict of interest" in the matter.
What your saying is that these break through medications only will be created as long as there is profit to be made. That's sick and disturbing . I understand that money is needed to do the research, but the copmpanies make far more than necessary.
Its disturbing the amount of profit these companies make off of another man's sickness. People lose their homes over the price of medication.
A great documentary on this is : "Big Pharma, Big Bucks" YouTube - Big Pharma big bucks pt.1
This is something I see over and over on here and I dont understand. Why do you believe it is your "human right" to live in NYC? There are plenty of more affordable places in the country? No one has a "right" to live in a certain city just b/c they like it, or they grew up here.
Just curious on your thoughts about why you have a "right" to live somewhere? What about the landlords "rights" to be profitable?
We, the people of New York, need to ensure that the generations of families that have lived and contributed to this city can continue to do so.
We need to ensure that the firemen, policemen, teachers, social workers, MTA workers, crossing guards, and even the bus boys can live in the city they serve. At the rate its going the people in those professions will not be able to afford living in the city anymore.
You are correct it is not a right,,,,yet. I hope that one day housing is considered a right as well as health care and things in that realm.
^But Viralmd don't you think that it is slightly immoral to profit off of one's sickness. To deny medicine to someone simpy because they can't afford the exorbanant rates? You are an MD according to your name so maybe you might have a "conflict of interest" in the matter.
What your saying is that these break through medications only will be created as long as there is profit to be made. That's sick and disturbing . I understand that money is needed to do the research, but the copmpanies make far more than necessary.
Its disturbing the amount of profit these companies make off of another man's sickness. People lose their homes over the price of medication.
A great documentary on this is : "Big Pharma, Big Bucks" YouTube - Big Pharma big bucks pt.1
He doesnt have a conflict of interest, he doesnt make a profit from the drug companies. His point is simple, almost all drugs like 99.9% are created by private companies.
And yes if profit is not made, we wont have them.
We, the people of New York, need to ensure that the generations of families that have lived and contributed to this city can continue to do so.
We need to ensure that the firemen, policemen, teachers, social workers, MTA workers, crossing guards, and even the bus boys can live in the city they serve. At the rate its going the people in those professions will not be able to afford living in the city anymore.
You are correct it is not a right,,,,yet. I hope that one day housing is considered a right as well as health care and things in that realm.
This type of thinking is why we are having a financial crisis right now. By creating the CRA and Bill Clinton
All of them can live in the city, that doesnt mean they have the right to live in the most expensive part of the city.
And the rate that you are talking about is created by the same program you are fighting for.
He doesnt have a conflict of interest, he doesnt make a profit from the drug companies. His point is simple, almost all drugs like 99.9% are created by private companies.
And yes if profit is not made, we wont have them.
Last I heard Doctors get a comission from the pharaceutical industries. They are the middle men in the process.
How come the same medicine in Cuba is 90% cheaper as well as in most European nations?
Last I heard Doctors get a comission from the pharaceutical industries. They are the middle men in the process.
How come the same medicine in Cuba is 90% cheaper as well as in most European nations?
For what I can see, you have no idea of how the healthcare works is amazing how people are misinformed.
Is actually illegal to get commission from drug companies.
Cuba is different, and in Cuba they dont have all medicine not even close, at least for the main population. And medicine are cheaper because the government pays part of it. Also Cuba produces their own medications illegally.
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