in 2000, I looked at 4 RC buildings prior to me buying my current coop apt. The cap rates on them were between 7 to 10% which I thought was juicy. The hurdle was sellers were looking for 75% to 100% cash deals and I couldnt get my buddies to join in with their cash. Not saying those were necessarily representative of broad mkt at the time as I only looked at those 4 then gave up that idea cause I could get the funding to pull trigger. The point is with cap rates between 7-10%, it was incentive enough for landlords to maintain the buildings well. Today, the cap rates are shit and it’s on shitty buildings
“The reason DH and slopey are wrong is that there is NO price at which people can buy rent controlled properties and maintain them properly.”
Another moronic statement. of course there is. People pay too much because they are stupid or for some other reason, most likely becuse they think they are smarter than they actually are.
“if you’re confused if I’m mad at you or not, then I’m not. cause if I’m mad at you, it will come across very blatantly obvious”
I was always confused about m4l being mad at me. I thought he was gonna fight me at my first gathering.
Lech,
in 2000, I looked at 4 RC buildings prior to me buying my current coop apt. The cap rates on them were between 7 to 10% which I thought was juicy. The hurdle was sellers were looking for 75% to 100% cash deals and I couldnt get my buddies to join in with their cash. Not saying those were necessarily representative of broad mkt at the time as I only looked at those 4 then gave up that idea cause I could get the funding to pull trigger. The point is with cap rates between 7-10%, it was incentive enough for landlords to maintain the buildings well. Today, the cap rates are shit and it’s on shitty buildings
WOW…I wonder what he was on. he started attacking people and the cop did nothing and then it took 5 guys to subdue him.
Stun gun???
Is there a rent regulated tenant’s blog out there where I can read about all this mess from the inside?
With topics like;
-Grandma’s got an RC apartment: 10 strategies on moving in.
-How to live in New York….on the $5,000 a month you will be saving.
-Retirement planning for the RC crowd: LOL
That was self depracating.
if you’re the muthafuckin landlord, fix my muthafuckin locks bitch!!
I love it when white beardo hipsters try to sound ghetto. Only worse is when white 55 year old financial types do.
“Naked Man Goes Berserk Inside Subway Car”
http://www.nypost.com/p/news/local/naked_man_goes_berserk_inside_subway_To8cMSy7r2DhVKcCVwSIwI
(Warning – There is some dick on the video, but it’s still pretty safe for work)
“That’s just not an answer to the problem.”
since when have i fancied myself as a critical thinker or problem solver?
i agree – rent regulation today sucks.
but that doesn’t absolve someone who bought into the system of their duties as a landlord.
if you’re the muthafuckin landlord, fix my muthafuckin locks bitch!!
“The reason DH and slopey are wrong is that there is NO price at which people can buy rent controlled properties and maintain them properly.”
Another moronic statement. of course there is. People pay too much because they are stupid or for some other reason, most likely becuse they think they are smarter than they actually are.