Tuesday Links: NYC Rent Freeze Is a First
New York City Board Votes to Freeze Regulated Rents on One-Year Leases [NY Times] After de Blasio Dustup, South Brooklyn Marine Terminal Reactivated [Crain’s] Domino Sugar Refinery Could Live on in Photobook [CO] Revealed: 875 Dekalb Avenue in Bed Stuy [NYY] Restaurant Refuses Buyout for Big Brunner-Fischer Fulton Street Development in Bed Stuy [TRD] Greenpoint…
New York City Board Votes to Freeze Regulated Rents on One-Year Leases [NY Times]
After de Blasio Dustup, South Brooklyn Marine Terminal Reactivated [Crain’s]
Domino Sugar Refinery Could Live on in Photobook [CO]
Revealed: 875 Dekalb Avenue in Bed Stuy [NYY]
Restaurant Refuses Buyout for Big Brunner-Fischer Fulton Street Development in Bed Stuy [TRD]
Greenpoint Affordable Units Starting at $400-a-Month to Be Ready by 2017 [DNA]
Kentile Floors Sign Could Get New Home Beneath Subway Tracks [DNA]
Pacific Street in Cobble Hill.
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Photo by Cate Corcoran
Many buildings meaning how many? definitely not the majority for small landlords which do make up the majority.
No one forced anyone to buy a grocery too! So why not change rules midgame. Deblasio and his communist cronies should outlaw increase of price of food.
It’s not the Landlords that I’m sympathetic too…. it’s the Tax Payers paying to subsidize the RS/RC tenants.
What’s curious would be if there were a Survey that could ask each tax payer with Market Rate apts if they don’t mind helping someone who has a relatively cheap RS/RC apt, say, $1k for a 2 bedroom in a decent area get zero rent increase.
BUT, since DeBlasio got voted in, I’m assuming that the majority of NYC tax payers are really that Compassionate.
No. Landlords didnt know it! As Deblasio said, the zero percent increase is “Historic”. Deblasio changed the rules suddenly. When people bought buildings they worked off the average increase permitted by the rent guidelines board the last few years. BAnks lent on those projections. Deblasio, not being a businessman doesnt comprehend the ramifications of changing the rules of the game midgame.
So doesnt Putin…. or any communist for that matter.
IronBall’s got a good point. Like some who complains about their Landlord inheriting their buildings rather than buying it and taking the risk, a RS/RC tenant is like winning the Lottery.
The only problem is that while RS/RC tenants are like winning the lottery, those LLs who bought their properties are forced to hand over the lottery money.
What tax breaks are you referring to.
I’m not 100% sure what would be a better solution, but if all the apts were Market Rates and the City provided Vouchers to help those that need it as long as they prove they need it, it might be a better system than the one we have today which makes someone feel very entitled or trapped in their situation.
Why don’t we build into the RS policy that if you acquired your building from non-relatives you get to have normal rental increase? Would that be fair?
Amen!