To: all the best
Well, it’s one of the reasons. But even the New York tenements which are rent-stabilized have been updated to reflect the wealth of NYC. It’s ridiculous to walk into a tenement building on the east side and see the gorgeous appliances, handsome wood floors and the inevitable exposed brick wall. And the rickety fire escape out the window!
Even if we got rid of rent-stabilization, rents would still be out of control.
2 posted on
06/30/2015 8:16:23 AM PDT by
miss marmelstein
(Richard the Third: "I should like to drive away not only the Turks (moslims) but all my foes.")
To: miss marmelstein
“The rent is too damned high!”
3 posted on
06/30/2015 8:23:00 AM PDT by
Army Air Corps
(Four Fried Chickens and a Coke)
To: miss marmelstein
New york is unlikely to get rid of "rent stabilization", because doing so would adversely affect the very wealthy.
If rent control went away, and lots of apartments came on the market for $1K - $5K/mo, who would want to pay $3 million for a 2 bedroom condo?
If rent control were suddenly repealed, tens of thousands of New Yorkers would see their real estate values evaporate.
6 posted on
06/30/2015 8:42:24 AM PDT by
PapaBear3625
(You don't notice it's a police state until the police come fokquote>r you.)
To: miss marmelstein
Well, it’s one of the reasons. But even the New York tenements which are rent-stabilized have been updated to reflect the wealth of NYC. It’s ridiculous to walk into a tenement building on the east side and see the gorgeous appliances, handsome wood floors and the inevitable exposed brick wall. And the rickety fire escape out the window! Even if we got rid of rent-stabilization, rents would still be out of control.Rents would be cheaper for all who don't have rent-stabilization.
NYC needs to be 100% market rate.
7 posted on
06/30/2015 9:39:44 AM PDT by
FreeReign
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