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]
We don’t need the rent control laws int he same way we don’t need to subsidize homeowners with the mortgage interest deduction. Do away with both of these subsidies.
The NYC Renters Alliance is missing the bigger picture – repealing the mortgage interest tax deduction will do a lot more to help the police, schools and parks than doing away with rent controls.
mcKenzie, I’m sorry if you are priced out of all the markets. All you do is rant day after day about prices everywhere being too high.
If you believe you are entitled to something for nothing, get a rent controlled apartment. As for the delivery boys, they probably know more about economics and common sense than you ever will.
Dumbass
DIBS: thanks, that’s exactly what I was going to say in response. Economics should be required in every US highschool.
right Dave, perhaps you would deign explaining it to us little people if you are not too busy sodomizing undocumented delivery boys.
Pompous ass.
mcKenzie, that type of rant proves that you have no clue what “market prices” actually means.
How can any modestly educated person defend the market prices asked in low-income census tracts like Clinton Hill and Bedford Stuyvesant? Look at yesterday’s house of the day. A pleasant family home, in a rather inconvenient location of Clinton Hill, very little within walking distance, and 1.7 million dollars!
How can that be justified? Who is lying to us? What is going on in Brooklyn? It is as if Bernie Madoff has cornered the local real estate market.
Every homeowner, condo-owner, and free-market renter should be STRONGLY against this:
It will depress prices of rent-controlled housing, leading to your home paying a higher fraction of NYC’s property tax. It will hurt the schools, parks, roads, and police. And what for? To give an amazing deal to someone who makes $299k/year?
It will also make it much harder for your friends, family, children, and neighbors to move.
Call your legislators NOW and tell them what you think of this.
Also, like us at facebook.com/nycrenters
NYC Renters’ Alliance for Housing Choice
I just cannot see how any even modestly educated person can defend rent control or stabilization, at least the way it is regulated in NYC.
Rent is too damn high!