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To: nickcarraway

Live by rent control, die by rent control. Move out of evil Frisco.


6 posted on 06/26/2016 9:37:31 PM PDT by 867V309 (It's over. It's over now.)
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To: 867V309

Frisco is in Texas.


7 posted on 06/26/2016 9:38:32 PM PDT by nickcarraway
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To: 867V309

One classic rent control story involves the recently-deceased Bill Cunningham, the fashion photographer for The New York Times.

For most of his life, Mr. Cunningham lived in a rent-controlled apartment in the top of Carnegie Hall. It was small and he shared a bathroom with three other tenants. But the rent was only $600 a month, and would never rise as long as he and the other tenants lived there.

A few years back, the building’s owner decided more money could be made by getting the tenants to move out and develop the area into a luxury condos. At one point, they were actually offering the renters $300-$500,000 to leave. If I’m not mistaken, most declined the offer, so the landlord had to wait until they passed to redevelop the space.


21 posted on 06/27/2016 6:04:26 AM PDT by ExNewsExSpook
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