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]
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
So any of you guys like that chick from Food TV that Cuomo’s banging????
She’s really really annoying on TV
I’m sure you’re a fine neighbor DIBS. You might have a certain amount of contempt for your your unwashed neighbors but I’m sure you take good care of your property and don’t bother anybody.
Ha ha ha ha Snarky. I know that studio all too well. On first floor and no reno once so ever. There is same exact apartment in much better condition on 4th floor asking 116K I think. The owner might part with it for less. If you want, feel free to email me for the inside scoop and any of the apartments in the building.
BKJester3 AT aol.com.
Kensintonian — I can’t find the listing so it’s no wonder they can’t sell it!
And kensingtonian is a good guy. Unlike me. he’d make a good neighbor.
Jag, one and a half blocks south. Not too bad. Same F train stop and also B/Q express stop on Newkirk.
http://www.kensingtonprospect.com/real-estate-2/home-sweet-home-for-under-100k
Ok, I will check that out! I guess that’s only a few blocks south . . . .