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No, it is not impossible CJMA. Correct me if I'm wrong but isn't it the City's, State or federal government's responsiblity to pick up the tap for the poor and low-income people?
yes it is, but they can only do with what they have. And right now the city and state don't have a penny.
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Not the individual private investor.
I agree.
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Tax payers in general pay for Welfare, Section 8, Work Advantage, HASA, Food stamps, Medicaid, etc.
Yes we do, and we already paying way to much for all of this programs, is time to start limiting this type of programs that create laziness.
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The cost of all these programs is spread out through millions of NYers so that NOT ONE person is singled out and feels the pinch more than the other. We collectively contribute to the well being of these poor/low-income people by paying taxes that give life to these programs.
Yes but this program would be a local program, the federal government is not going to send millions just for a NYC rent program so that money is going to come from state or city, and we already have the second highest tax in the country, what more do you want.
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So why not spread the cost some more by introducing a small increase in our taxes to cover the cost of a new program that finally eliminates Rent Stabilization so we can finally have affordable AND desirable housing in one package?
Maybe you don't pay taxes (like 50% of the population doesn't) but other do pay and are hurting by living in NYC, most people that I know making 6 digits and up can't wait to leave NYC(including me,)
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If we spread the cost to millions of NYers, the increase should NOT be that significant. Plus it is the right thing to do. We as a WHOLE should "chip in" and help out the poor, not just one group (landlords).
NYC screams for little increase in the MTA, what would it be like when they try to increase another tax. And no a lot of people don't have that mentality that we should "chip in", the majority of the people in this country are fiscal conservatives.
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If anyone opposes the increase in tax and opposes using their own money to help out the poor, then I say you are a selfish person who wants a double standard to benefit you only.
Thank you, I work hard for my money, the poor maybe should do the same.
The double standard is on the poor that get free housing, free food and some cheat to get more, this country gives every opportunity, is your choice if you want it or not(the essence of capitalism).
it definately works....but only for those few that got their apartments a decade or more ago...its bad for everyone else looking for a rental..it helps them not one bit except makes their rent higher because we have a shortage of nice rentals
CJMA...I think we BOTH are on the same page and share the same point of views in the BROKEN welfare system. I agree, it does create laziness.
I also agree with you that we live in a capitalist nation NOT in a socialist nation. Yet the Rent Stabilizaton laws are text book Anti-capitalism and Pro-socialism by controling and resticting rents to benefit the poor and screwing over the landlord, (the private investor).
Furthermore, I agree that the poor got it good at OUR expense (the tax payer) with free housing, free food, free healthcare, free spending cash. I think it pays more to be poor in NY than to be rich with all the free things they get at OUR EXPENSE. Sounds very tempting to me.
If I was poor, what incentive do I have to find a job and better myself if everything is paid for by the City (tax payers) knowing that if I increase my income, all these "goodies" will be taken away from me?
The botoomline is that landlords should not be FORCED in paying the differance in rent for the low-income tenants that can't afford. That is the City's job to do that, not a private person or group. Landlords get singled out and have to carry the weight for the poor. Not a fair system by any means.
, agree 100%.
The problem is the welfare shouldn't be this good, it should help but still make you feel uncomfortable(and wanting to better yourself), once people welfare cross that line where people feel comfortable they don't care.
bottom line is that if rent stabilization was abolished, rents would go up...what would be the incentive for a landlord not to raise them to "market value"? for the landlords on here, what do you think should be the market rate rent for a 2 bedroom in east new york?
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
bottom line is that if rent stabilization was abolished, rents would go up...what would be the incentive for a landlord not to raise them to "market value"? for the landlords on here, what do you think should be the market rate rent for a 2 bedroom in east new york?
I dont agree with this comment since the rent is high because of the control over the rent.
And also it goes against research done on the subject.
Right now the rent is going down in NYC imagine if all of the sudden you take away rent control and push thousand of new apartment to the market, the rent would go even further down.
This is because right now the rent control creates a shortage in the market, and it creates a landlords market. Once you release this controlled apartments it becomes a renters market (like right now is a buyers market if you are buying, relative low renters market right now), this would really create a large renters market since we are talking about thousand of apartments.
Is a good idea, but impossible, you are talking about millions of dollars that the city nor state has and another tax on this city would be crazy.
It is very possible for these reasons:
The state and city would save many millions$ in expenditures. The huge cost of administering rent reg would be eliminated. The monster called DHCR would be gone. Also big parts of the loads of city departments like housing would be gone. And the landlord/tenant courts are packed with disputes between LL's and rent reg tenants. That would go.
Propert tax revenue would shoot up because of the increase in value of city real estate. Property tax is the city's main revenue source.
Subsidizing low income people's rent is a great idea and it could work. The problem is political, not financial. The low-rent tenant lobby wants to protect people who can well afford to pay more, but they like their artificially low rents. They would fight Robby's plan tooth and nail.
I have no idea what the market rent for a 2 bedroom apartment in East New York Brooklyn would be but I know currently in the Bronx, the going rate for a 2 bedroom apartment is between $1,200 - $1,400 depending on what section of the Bronx you are in.
I assume the price is somewhat close to that range or maybe a bit more since Brooklyn is much closer to the City than the Bronx is.
I'm not saying to abolish rent stabilization without having a back-up plan like having the City pick up the tab by deducting the differance from the cheap rents and market rents and applying that amount as a deduction to the landlord's property tax bill.
Example: If a landlord pays $60,000 in property tax a year, and the differance between market rents and stabilized rents in a year is let's say $10,000 a year,
The City should DEDUCT $10,000 from the $60,000 property tax bill. The Landlord's new property tax bill is now $50,000.
It's a win-win situation for BOTH tenant and landlord. The tenant gets to stay in the apartment and DOES NOT get displaced and the landlord collects his Market RENTS so that he can pay his Market EXPENSES.
That's what you call a balanced system and that's how the Rent Stabilization system should of been structured in the first place instead of having the landlord subsidize the low income tenants out of their own pockets.
It's a very simple concept to understand.
Doesn't this proposal sound fair?
would you pay $1200 to live in highbridge?
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
I dont agree with this comment since the rent is high because of the control over the rent.
And also it goes against research done on the subject.
Right now the rent is going down in NYC imagine if all of the sudden you take away rent control and push thousand of new apartment to the market, the rent would go even further down.
This is because right now the rent control creates a shortage in the market, and it creates a landlords market. Once you release this controlled apartments it becomes a renters market (like right now is a buyers market if you are buying, relative low renters market right now), this would really create a large renters market since we are talking about thousand of apartments.
boston is expensive and they did away with stabilization....
__________________
"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
I dont agree with this comment since the rent is high because of the control over the rent.
And also it goes against research done on the subject.
Right now the rent is going down in NYC imagine if all of the sudden you take away rent control and push thousand of new apartment to the market, the rent would go even further down.
This is because right now the rent control creates a shortage in the market, and it creates a landlords market. Once you release this controlled apartments it becomes a renters market (like right now is a buyers market if you are buying, relative low renters market right now), this would really create a large renters market since we are talking about thousand of apartments.
the rent would not go down because landlords primary concern is profit. being a landlord is not a non-profit organization where you're breaking even every year. why wasnt rent stabilization a problem in the 80s then?
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
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, agree 100%.
