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I may have to sell my building. The rental market is terrible. And my expenses, especially the property tax, are skyrocketing.
This tiny increase on rents that are already 30, 40, or 50% below market is a joke. It's a small fraction of the increase in expenses, even according to the RGB. The whole system is political. Some of these low-rent tenants have an income higher than mine.
Sorry, just had to get that off my chest.
If I'm not mistaken, don't LLs get a tax offset that is calculated by the number of rent stab/controlled apartments in the building? Or some kind of special tax write offs or something?
I just don't have any sympathy for landlords --- always crying poverty, claiming they're "losing money each month", etc. (yeah, right... they go year after year "losing money each month" but still keep the building. doesn't make much sense, does it?) Yet, call for a repair or a problem? You can never seem to find them and never get them to PROPERLY fix a problem. They'll have "a guy" or "my cousin" or a "handyman" come do a patch job (if they even do that!). However, on rent day, there's the LL, hand out looking for his money!
Shoulda sold a year ago. Rants don't work with a socialistic government. They steal from you, you do your best to steal from them. That's how the Soviet Union worked. That's how New York City works for anyone with half a functioning brain. You keep stealing from each other and whoever goes bankrupt first loses. Regardless of who loses, the city (or the country, as in the case of the good ole USSR) will be in ruins. That's socialism.
Here's a suggestion, omigawd: get a market rate rental.
I am renting at market rate. Just because I have no sympathy for LLs doesn't mean I'm one of the fortunate ones to have a stabilized or controlled apartment.
Here's a suggestion for you: If you can handle it, then don't do it.
Shoulda sold a year ago. Rants don't work with a socialistic government. They steal from you, you do your best to steal from them. That's how the Soviet Union worked. That's how New York City works for anyone with half a functioning brain. You keep stealing from each other and whoever goes bankrupt first loses. Regardless of who loses, the city (or the country, as in the case of the good ole USSR) will be in ruins. That's socialism.
If I'm not mistaken, don't LLs get a tax offset that is calculated by the number of rent stab/controlled apartments in the building? Or some kind of special tax write offs or something?
I just don't have any sympathy for landlords --- always crying poverty, claiming they're "losing money each month", etc. (yeah, right... they go year after year "losing money each month" but still keep the building. doesn't make much sense, does it?) Yet, call for a repair or a problem? You can never seem to find them and never get them to PROPERLY fix a problem. They'll have "a guy" or "my cousin" or a "handyman" come do a patch job (if they even do that!). However, on rent day, there's the LL, hand out looking for his money!
I get no tax break whatsoever regarding my rent stabilized apartments, and never did.
omigawd, if you really are paying market rent, and you're so very unhappy with the service you're getting, WHY DO YOU NOT move? Something doesn't sound right here.
omigawd, if you really are paying market rent, and you're so very unhappy with the service you're getting, WHY DO YOU NOT move? Something doesn't sound right here.
Funny -- it doesn't sound un-right to me.
There are numerous reasons why someone wouldn't move -- convenient location; comparable nearby buildings have truly stratospheric rents or wouldn't be much of an improvement; the building's problems are outweighed by the upheaval/aggravation of moving; and-or the tenant plans to move within X time anyway, so is just biting the bullet until then.
I get no tax break whatsoever regarding my rent stabilized apartments, and never did.
omigawd, if you really are paying market rent, and you're so very unhappy with the service you're getting, WHY DO YOU NOT move? Something doesn't sound right here.
Because it's not a perfect world, and no matter where you live there's going to be some problems, so you just learn to deal with them.
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