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Old 08-03-2022, 10:24 PM
 
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Quote:
Originally Posted by ckhthankgod View Post
So, this means that rent control doesn't necessarily last forever then. This could mean that Kingston could end up having units that are under rent control become market rate or at least stabilized in the future.

In the 3rd source, it is interesting that for the rent control units that do exist in NYC, it is an elderly demographic.
RS has not ended in a single local area of state where enacted, again we're talking about > 50 years. Thus wouldn't get hopes up Kingston will be any different.

Whatever original intentions rent stabilization in this state is about NYS/local governments getting their hooks into private property owners, then twisting and bending them to do their will.

Kingston was long hippy-dippy sort of place, but recent infusion of more socialist, progressive, liberal democrats from downstate have sent things into over drive. Mayor of that place is no different than AOC and rest of that lot. Local city council is same as well.

But as they say, elections have consequences. People of Kingston elected these eegjits so they get what they deserve.

Kingston could in future decide to exit RS system on their own (absent housing emergency ending), but again shouldn't get your hopes up of that happening in foreseeable future.
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Old 08-04-2022, 05:53 AM
 
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Quote:
Originally Posted by BugsyPal View Post
RS has not ended in a single local area of state where enacted, again we're talking about > 50 years. Thus wouldn't get hopes up Kingston will be any different.

Whatever original intentions rent stabilization in this state is about NYS/local governments getting their hooks into private property owners, then twisting and bending them to do their will.

Kingston was long hippy-dippy sort of place, but recent infusion of more socialist, progressive, liberal democrats from downstate have sent things into over drive. Mayor of that place is no different than AOC and rest of that lot. Local city council is same as well.

But as they say, elections have consequences. People of Kingston elected these eegjits so they get what they deserve.

Kingston could in future decide to exit RS system on their own (absent housing emergency ending), but again shouldn't get your hopes up of that happening in foreseeable future.
Wasn't the Kingston mayor under investigation by the AG and others??
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Old 08-04-2022, 06:23 AM
 
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Quote:
Originally Posted by BugsyPal View Post
RS has not ended in a single local area of state where enacted, again we're talking about > 50 years. Thus wouldn't get hopes up Kingston will be any different.

Whatever original intentions rent stabilization in this state is about NYS/local governments getting their hooks into private property owners, then twisting and bending them to do their will.

Kingston was long hippy-dippy sort of place, but recent infusion of more socialist, progressive, liberal democrats from downstate have sent things into over drive. Mayor of that place is no different than AOC and rest of that lot. Local city council is same as well.

But as they say, elections have consequences. People of Kingston elected these eegjits so they get what they deserve.

Kingston could in future decide to exit RS system on their own (absent housing emergency ending), but again shouldn't get your hopes up of that happening in foreseeable future.
So, are you saying that rent control and rent stabilization are the same? I ask given that even in NYC, rent control is only like 1-2% of rental properties according to one source posted and another mentioned that it is mostly elderly.

You also mentioned that properties in stabilization can become market rate. So, I'm taking that as properties can become open to the market.

As for the mayor, I don't know if he is on that level, as he is actually a Kingston native and he actually was in favor of the Kingstonian project. So, I'm wondering if this move is about the very low vacancy in the city versus being some "socialist" move due to people from Downstate moving there. Perhaps their move to the city has prompted the city's move to rent control based on low vacancy, not based on real or assumed political proclivities. Especially since this is his second term. So, why not do this earlier?

On the other hand, this is why I said the city should have looked to encourage developers to build housing in the city given the demand.

Historically, the city was your usual Hudson Valley brickyard(and other) manufacturing city, with a strong IBM presence.
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Old 08-04-2022, 06:29 AM
 
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Quote:
Originally Posted by RICANRICAN View Post
Wasn't the Kingston mayor under investigation by the AG and others??
Yes...Attorney general asked to investigate Kingston mayor and his wife: https://hudsonvalleyone.com/2020/07/...-and-his-wife/
https://spectrumlocalnews.com/nys/hu...ed-by-ag-james

In terms of the original topic, Kingston adopts rent control; City opts into limited law: https://hudsonvalleyone.com/2022/07/...-rent-control/

Last edited by ckhthankgod; 08-04-2022 at 06:37 AM..
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Old 08-04-2022, 07:59 AM
 
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Quote:
Originally Posted by ckhthankgod View Post
So, are you saying that rent control and rent stabilization are the same? I ask given that even in NYC, rent control is only like 1-2% of rental properties according to one source posted and another mentioned that it is mostly elderly.

You also mentioned that properties in stabilization can become market rate. So, I'm taking that as properties can become open to the market.

As for the mayor, I don't know if he is on that level, as he is actually a Kingston native and he actually was in favor of the Kingstonian project. So, I'm wondering if this move is about the very low vacancy in the city versus being some "socialist" move due to people from Downstate moving there. Perhaps their move to the city has prompted the city's move to rent control based on low vacancy, not based on real or assumed political proclivities. Especially since this is his second term. So, why not do this earlier?

On the other hand, this is why I said the city should have looked to encourage developers to build housing in the city given the demand.

Historically, the city was your usual Hudson Valley brickyard(and other) manufacturing city, with a strong IBM presence.
Read links provided. Rent control and rent stabilization are two different forms of regulation.

As have said rent control no longer exists for new units. Whatever is out there is from people who moved into such apartments decades ago (sometime before God made dirt and spit, )


https://www1.nyc.gov/assets/hpd/down...l-findings.pdf

Rent controlled units make up only one percent (1%) of NYC housing stock. RS OTOH is 45%.

https://www1.nyc.gov/assets/hpd/down...ion-memo-1.pdf

Again see: https://www.nytimes.com/2022/06/22/n...-new-york.html
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Old 08-04-2022, 08:00 AM
 
31,904 posts, read 26,954,113 times
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Quote:
Originally Posted by ckhthankgod View Post
Yes...Attorney general asked to investigate Kingston mayor and his wife: https://hudsonvalleyone.com/2020/07/...-and-his-wife/
https://spectrumlocalnews.com/nys/hu...ed-by-ag-james

In terms of the original topic, Kingston adopts rent control; City opts into limited law: https://hudsonvalleyone.com/2022/07/...-rent-control/
Considering all but one of Kingston's council voted for rent stabilization, don't see where this will change anything on that issue.
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Old 08-04-2022, 08:28 AM
 
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Quote:
Originally Posted by BugsyPal View Post
Read links provided. Rent control and rent stabilization are two different forms of regulation.

As have said rent control no longer exists for new units. Whatever is out there is from people who moved into such apartments decades ago (sometime before God made dirt and spit, )


https://www1.nyc.gov/assets/hpd/down...l-findings.pdf

Rent controlled units make up only one percent (1%) of NYC housing stock. RS OTOH is 45%.

https://www1.nyc.gov/assets/hpd/down...ion-memo-1.pdf

Again see: https://www.nytimes.com/2022/06/22/n...-new-york.html
I know that they are 2 different forms of regulation, but my point was that rent control is such a small part of the housing in NYC now. So, I'm thinking that in the future, that could be the case for Kingston. Even when reading the HV1 article, it sounds more like Rent Stabilization, as they mentioned that there are annual rent increases which will be decided by a county board: "Some 1200 Kingston rental units will be impacted by rent control. Annual rent increases will be determined by a county Rent Guidelines Board." and "The county rent guidelines board will have nine members, including two landlords, two tenants, and five members of the general public."

Also, council members can get voted out. So, there may be changes in the future, especially if the vacancy increases a bit more from the 1.57% it is now.

Given the very low vacancy in the city now, what do you think the city should do to address the issue?

Last edited by ckhthankgod; 08-04-2022 at 08:40 AM..
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Old 08-04-2022, 09:17 PM
 
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Quote:
Originally Posted by ckhthankgod View Post
I know that they are 2 different forms of regulation, but my point was that rent control is such a small part of the housing in NYC now. So, I'm thinking that in the future, that could be the case for Kingston. Even when reading the HV1 article, it sounds more like Rent Stabilization, as they mentioned that there are annual rent increases which will be decided by a county board: "Some 1200 Kingston rental units will be impacted by rent control. Annual rent increases will be determined by a county Rent Guidelines Board." and "The county rent guidelines board will have nine members, including two landlords, two tenants, and five members of the general public."

Also, council members can get voted out. So, there may be changes in the future, especially if the vacancy increases a bit more from the 1.57% it is now.

Given the very low vacancy in the city now, what do you think the city should do to address the issue?
You keep mixing up "rent control" with rent stabilization.

There is *NO MORE RENT CONTROL* only units that exist are what they are, and number will continue to dwindle as tenants die or otherwise vacate apartment.

What Kingston got was rent stabilization as 2019 laws made possible. Yes, RS is often called RC but it isn't, well not on paper anyway.

That being said in practice way local rent guideline boards implement increases, and 2019 laws out of Albany RS is more and more becoming "rent control" in all but name.

There is strong political pressure to keep rent increases low since majority of RS tenants are poor to busted. Formulas used by law come in three flavors and whatever numbers they arrive at are only advisory. Local RGB are free to ignore or do with said information as they wish.


OTOH in most other parts of USA with rent regulation increases come from a fixed state formula.

For California RS increases are 5% for any twelve month period plus local CPI up to a maximum of 10%.


https://www.latimes.com/california/s...s-to-inflation

This is a far saner system as it takes away most political meddling. LLs get a minimum of 5% increase each year plus inflation. If latter is low then increases won't be much or above 5%.

CA's system is also different in that LLs are free to set new rent upon vacancy. That new number is regulated, but can be whatever LL wants.


https://www.sageregroup.com/2022-upd...in-california/
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Old 08-05-2022, 05:40 AM
 
93,251 posts, read 123,876,708 times
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Quote:
Originally Posted by BugsyPal View Post
You keep mixing up "rent control" with rent stabilization.

There is *NO MORE RENT CONTROL* only units that exist are what they are, and number will continue to dwindle as tenants die or otherwise vacate apartment.

What Kingston got was rent stabilization as 2019 laws made possible. Yes, RS is often called RC but it isn't, well not on paper anyway.

That being said in practice way local rent guideline boards implement increases, and 2019 laws out of Albany RS is more and more becoming "rent control" in all but name.

There is strong political pressure to keep rent increases low since majority of RS tenants are poor to busted. Formulas used by law come in three flavors and whatever numbers they arrive at are only advisory. Local RGB are free to ignore or do with said information as they wish.


OTOH in most other parts of USA with rent regulation increases come from a fixed state formula.

For California RS increases are 5% for any twelve month period plus local CPI up to a maximum of 10%.


https://www.latimes.com/california/s...s-to-inflation

This is a far saner system as it takes away most political meddling. LLs get a minimum of 5% increase each year plus inflation. If latter is low then increases won't be much or above 5%.

CA's system is also different in that LLs are free to set new rent upon vacancy. That new number is regulated, but can be whatever LL wants.


https://www.sageregroup.com/2022-upd...in-california/
I understood what you were saying, but you touched on something else that I was referring to/wondering about. It looks like what is being called Rent Control in Kingston is actually Rent Stabilization.

To be honest, I think the low vacancy rate and the big increases in housing in the city has a lot to do with this. As a city, Kingston's poverty rate is 18.8%, which while above the national percentage of 12.8%, isn't that high for a city. So, it appears that many or even most of the people that called for this are likely working or elderly that don't want to be priced out.

It looks like CA has this better regulated than some other states, as I posted a video of what is occurring in Tampa with rentals and even here in Syracuse you had an instance like this: https://wpde.com/news/nation-world/r...XAfVg21-lcc5PA

So, it can be a Catch 22, especially with what has gone on the past couple of years.

Last edited by ckhthankgod; 08-05-2022 at 05:50 AM..
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Old 08-05-2022, 06:29 AM
 
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Originally Posted by ckhthankgod View Post

So, it can be a Catch 22, especially with what has gone on the past couple of years.
What is the catch 22?
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