Cuomo Calls for Strengthening Rent Reg Laws
Governor Cuomo released the video above yesterday saying that if rent-regulation laws are allowed to expire next month, it would be a “crisis” for the state and that the laws need to be extended and strengthened. Cuomo says that “by current standards, it is estimated that over 130,000 more apartments could be lost to decontrol…
Governor Cuomo released the video above yesterday saying that if rent-regulation laws are allowed to expire next month, it would be a “crisis” for the state and that the laws need to be extended and strengthened. Cuomo says that “by current standards, it is estimated that over 130,000 more apartments could be lost to decontrol in the next few years.” City Room notes that the though the Assembly approved legislation last month that would extend rent regulations through 2016 and shift the luxury decontrol ceiling from $2,000 to $3,000 a month, “the issue has drawn little interest in the Senate.”
Cuomo Releases Message Urging Stronger Rent Laws [City Room]
Of course if RS and RC were eliminated rents would drop in NYC. Hundreds of thousands of people would move to more affordable places.
The funniest thing is when rent stabbers claim that since they’ve been living dirt cheap off their landlords’ nickel for 25 years, they somehow deserve another 20. It’s as if they truly believe they’ve “contributed something” by living like cockroaches their entire lives in somebody else’s property.
It is possible that rent control tenants are actually way more financially well off than the owners. I unfortunately have 4 rent control tenants on 2 floors of my Brownstone who have been mooching off of my family for their whole life. These people have tons of money believe me. When you pay hardly anything for rent you can afford to not work hard at all and still have loads of money. Just think if you where splitting $600 rent to live in a sprawling apartment where most rents go for $3,000. I could not even live in this building if I wanted to because of the law. The reality is rent control tenants have more rights than building owners. It is truly disgusting.
From a NY Times editorial:
“There’s probably nothing that distorts a city worse than rent regulation. It accelerates the abandonment of marginal buildings, deters the improvement of good ones and creates wondrous windfalls for the middle class – all the while harming those it was meant to help, the poor.
“Living in a rent-controlled apartment is a little like winning the lottery; its benefits are distributed without regard to need. The system discourages new investment in existing apartment houses, hastening deterioration. It encourages owners to sell, most easily to the tenants themselves.”
The Times even offered a solution: “The single soundest step the state Legislature can take on behalf of housing is to return to free-market incentives. Instead of truckling to lucky tenants by making rent control even more costly, the Legislature could, this year, ordain vacancy decontrol. No tenant in residence would be shocked by sudden sharp rent increases. Apartments would be decontrolled only as they become vacant. Penalties would discourage harassment by owners.”
http://mycrains.crainsnewyork.com/greg_david_on_new_york/2011/05/the-new-york-times-editorial.php
Good for you Snark. Glad to still have you in the area.
> Snarky, Congrats! Sticking around in Ditmas Park?
Thanks. Yep, the song remains the same, as they say.
Jag,
http://newyork.craigslist.org/brk/reo/2383279319.html
Dave, thanks for the good word.
Snarky, Congrats! Sticking around in Ditmas Park?
Bedford Snarkesant?
> feel free to email me for the inside scoop
Thanks Kensingtonian, but I’m all set in that regard. Though changing my name to Ocean Snarkway was a distinct possibility at one point.
I have no contempt for my neighbors. Jealousy perhaps….They’ve all owned their homes for more years than I’ve been on earth in some cases.
The unwashed ones are the hipsters moving in.