Democratic Assembly Passes Pro-Tenant Legislation
In a potentially huge set-back to New York City landlords, the New York State Assembly passed a new package of legislation yesterday that strengthen’s rent regulation across the state and gives more authority to the pro-tenant New York City Council. According to The Times, the new rules would “essentially return to regulation tens of thousands…
In a potentially huge set-back to New York City landlords, the New York State Assembly passed a new package of legislation yesterday that strengthen’s rent regulation across the state and gives more authority to the pro-tenant New York City Council. According to The Times, the new rules would “essentially return to regulation tens of thousands of units that were converted to market rate in recent years” and reduce the amount a landlord is allowed to increase the rent upon a vacancy from 20 percent to 10 percent. It’s a matter of fairness, said Jonathan L. Bing, an assemblyman who represents the Upper East Side. We’re trying to give people a way to live out their lives in the neighborhoods they’ve been calling home for decades. On the other side of the coin: This is going to be very devastating, said Joseph Strasburg, president of the Rent Stabilization Association, a group that represents landlords and real estate agents in the city. New York City is the last big city in the country that has any strong form of rent regulation. And at a time when we have an economic recession, when rents are actually going down, this will put another nail in the coffin. In our opinion, the government should spend more time and resources making sure landlords adequately maintain their buildings and abide by the legal terms of their leases with tenants and less time trying to fight the laws of supply and demand. After all, rents are already coming down anyway.
Assembly Passes Rent-Regulation Revisions [NY Times]
Photo by Bobble
Rent control is like using a hand grenade in a fistfight. Nobody wins. I am a renter who would love to see rent control abolished. Incidentally, I am thrilled that rents are in free-fall, which is very much to my benefit at the expense of my landlord. But God forbid I should continue to be a renter in a city that tightens its already suffocating grip on the rental market.
Iknow…yes, I think there is a conflict of interest. That said, its just plain sad and embarrassing when someone in the House of Representatives lives in a few rent stabilized aprtments.
There are certainly warmer places to live.
If I were poor, I’d rather live down South myself.
What fun is it to live in a place like NYC anyway, if you can’t even afford to eat out?
christopher is right. If you don’t like it, move.
Thw Who is apparently a renter; and one that might be better off in a different city, himself.
Isn’t there a conflict of interest when politicians or their immediate family live in rent controlled apartments. I’m sure more politicians are renters of rent stabilized apts than they are landlords of them.
anybody that doesn’t like the changes in housing laws in nyc can move somewhere else.
Working people should not support the sense of entitlement property holders possess.
Landlords and property owners are staunch believers in their own kingship and renters are the lowly subjects:
No children, no music, no talkative or happy/laughing guests over night, tip-toe when you come in, don’t walk over our heads, don’t touch the walls, don’t sit on our stoop, the parlor is being fixed-no entering or exiting after 4 p.m. saturday or sunday.
Wtf?
if you gotta fix the roof – ya gotta raise the rent, if
the winter was unusually warm – ya gotta raise the rent, if the summer was unusually cool – ya gotta raise the rent, if the price of oil has gone down – ya gotta raise the rent, you didn’t get $400 tax rebate – ya gotta raise the rent;
if your property is not worth what it used to be – ya gotta raise the rent…Wtf? really?
anybody that doesn’t like the changes in housing laws in nyc can move somewhere else.
Working people should not support the sense of entitlement property holders possess.
Landlords and property owners are staunch believers in their own kingship and renters are the lowly subjects:
No children, no music, no talkative or happy/laughing guests over night, tip-toe when you come in, don’t walk over our heads, don’t touch the walls, don’t sit on our stoop, the parlor is being fixed-no entering or exiting after 4 p.m. saturday or sunday.
Wtf?
if you gotta fix the roof – ya gotta raise the rent, if
the winter was unusually warm – ya gotta raise the rent, if the summer was unusually cool – ya gotta raise the rent, if the price of oil has gone down – ya gotta raise the rent, you didn’t get $400 tax rebate – ya gotta raise the rent;
if your property is not worth what it used to be – ya gotta raise the rent…Wtf? really?
Christopher – dont knock it – lets get the City Council to mandate restaurant prices – Per-Se Dollar Menu!!!!!