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Please pass this on to your neighbors and friends, especially renters in controlled or stabilized units.
CITY-WIDE RALLY FAIR RENT NOW! Close the vacancy decontrol loophole!
When the rent in vacant apartments can be raised to $2,000 a month, landlords can jack the rent as high as they want.
This is known as vacancy decontrol.
The state legislature can end this – now is the time!
Hold politicians accountable:
END vacancy decontrol
Housing Here and Now Rally
Tue. Dec 9th, 6:30-8:30 PM
Society for Ethical Culture
2 W. 64th St, at Central Park West
#1 to 66th St; A,B,C,D to Columbus Circle
To RSVP or for more info, including info on free transportation from the outer boroughs,
call (718) 246-7900 x247 or email info@housinghereandnow.org
i hope who ever goes has the city come to their place of employment and tell them they have to work for less than what their position pays or they come and put a limit on the income your business can earn you
And when i come to your store i expect my 20% discount even if its below your cost because i lived on the same block as your store for many years. forget the fact i have more money then you do and earn more
Although it is un-PC, I agree with mathjak107. I'm tired of people acting like it is a moral outrage everytime the rent stabilization board approves a 3% rent increase. I'm tired of peope acting like it is their god-given right to live in New York City at below-market rent.
There has to be better affordable housing solutions than the current arrangement.
The villainization of all landlords as dastardly players on the real estate scene looking to exploit all tenants is a fallacy. There are more good than bad landlords, and if the price that they can rent the unit is fixed, then the price at which services and utilities they provide should be fixed as well (fuel, electric, maintenance, renovations, etc.). Now, some may say that is unfair, fixing costs on the landlords, but if we are creating a market with a shortage and further regulating rental controls, we should address both sides of the equation. The goal of stabilization was to prevent out of control rents, not artifically sustain them to the whims of political pressure and create an untenable situation for landlords. Stabilization is not rent control, and movement within a stabilized pricing structure should be anticipated.
Rent is not an arbitrary figure decided upon by someone who wants to maximize profits, otherwise all units would be $10k a month and up, but it's a reflection of what the market will bear. An artificial ceiling can create a per unit deficit situation if the rent does not cover costs. That has to be balanced by other units in the landlord's portfolio, or the landlord runs the risk of the business going bankrupt. If that were to happen, the units will be foreclosed upon, and no amount of regulation will prevent eviction as the bank sells the property in foreclosure to recover costs. While extreme, that could easily happen, especially to smaller companies who have stabilized units and who receive no cost increase as approved by the rental board.
And, given the history of such situation in the past, given parts of the Bronx and Harlem in the 1960s and 1970s with burned out buildings that the landlords could not run for a profit, it's not a situation that should be replicated. Stabilization is a mechanism whereby costs are mitigated for a period of time or until a certain amount in rent is reached, not to guarantee tenancy for life at a specified sum. If that were the goal of the legislation, then the costs of the landlord should be fixed in perpetuity as long as the tenant is in the unit. In, and of itself, it is not a bad policy, but expanding it or increasing the dollar amount where units leave legislative oversight, will add to the city's already glaring housing shortage and push rents up on market rate units. This can lead to more gentrification and displacement in the long term as well.
no rentals have been built in nyc for decades, only co-ops and condos as no landlord wants to get involved subsidizing peoples housing costs
end result fewer rentals, higher rents across the board for all but the lucky few who have held an apartment for years ... we all suffer because of it and pay more rent then if supply was greater.
Affordable Housing should be a human right.
I understand the frustration of small and big time landlords trying to compete with the cost of taxes and heating gas, but that is more of an issue with the government policies and the oil companies. It shouldn't be given to the responsibility of the struggling renters.
Having an apartment in NYC should not be considered a luxury.
We need stronger rent protection to ensure the right to live in one's home at a decent rate.
you would like to think that but its sooooooo far from realty. being a landlord is a business just like your job
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!
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