Posted on 10/13/2024 7:04:33 AM PDT by AbolishCSEU
Establishes the "winter moratorium on evictions act" to prohibit eviction of tenants from residential properties during the winter months. (November 1st to April 1st)
An act to amend the real property actions and proceedings law and the real property law, in relation to prohibiting residential evictions during the winter months
PURPOSE:
This bill amends the Real Property Actions and Proceedings Law to allow a moratorium to stay court eviction judgments to allow individuals to remain housed during harsh inclement winter weather months.
(Excerpt) Read more at nysenate.gov ...
best bet for landlords is SELL NOW! and don’t look back longingly to that “sure-fire” monthly income you got used to because it’s going to become a “once upon a time” fairytale that owning rental property is a great idea. well...it was. once upon a time.
Rent Free IN NYC!!!
So no one is going to pay rent this winter in NY.
Reminder to self - get out of the rental business, ASAP!
Does this winter moratorium extend to homeowners who stop paying their mortgages and property taxes? To tenants of landlords who stop paying their mortgages and property taxes? How does this law affect foreclosures in New York State?
You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else.*No relation to Roy Rogers
This is for tenants only, of course as they are part of the victim class in NYS. Property owners are still on the hook for mortagage, taxes, utilities and insurance.
Obviously foreclosures will skyrocket and/or small landlords will throw up their hands and sell which they have been doing like mad for the past 3 yrs. Thus furthering the “affordable housing crisis” ™
Liberals are too stupid to understand that this means that only the best prospective tenants will be offered leases.
They are doing their best to outlaw any screening of tenants period. Orgs like LawNY.org state you should rent to ANYONE who fogs up a mirror. Anything else is “discrimination” ™ and you will be sued because of it.
Tenants will simply not pay in the winter ever again. So lucky I got to work and retire just before the dismantling of America.
Anecdotally, it took me 6 months and 2 weeks to find a cooperative, non-militant tenant for a 3 bdrm 1 bath, completely remodeled downstairs apt with washer/dryer hook up and offstreet parking at slightly below market price.
Only 2% of the applicants were able to produce a credit score of above 600, have 3X income to rent ratio, non smokers. I had well over 200 responses. Again, the leftist legal orgs want to ban the above mentioned screening criteria EVEN THOUGH HUD states that tenants shouldn’t be paying more than 30% of their gross income for their rent and utilities.
Everyone has animals these days, but when they start spewing “Emotional Support Animal” that is always a red flag.
This is in a rust belt town once bedroom community for Xerox. It is the county seat so very “RURBAN” (rural but with negative urban influences).
The majority (98% of tenants in this are) are low performing if not downright militantly litigious “housing is a human right” type that are just looking for a nice place to destroy and stop paying rent for.
We are semi retired in that I no longer have a 40+ W2 job but I run my husband’s HVAC biz and we do have five, soon to be 11 doors. Being a landlord in a BLUE area is now being a full time detective and psychologist in one. 3D chess.
So, who’s buying rental property right now?
Black Rock
It is almost like NYS is trying to facilitate Black Rock acquiring real estate.
And when Black Rock has cornered the market on rental property these tent favoring laws will suddenly become inconvenient and will be repealed.
This is especially true in California.
We are trying to sell four rental properties in California that have been in our family since the early 70s - before the laws drastically changed in favor of renters. We can get none of them out in order to sell the properties - our real estate lawyer estimated it would be up to $30,000 to get each of them out, the new “cash for keys” scheme not a one of them can afford to buy the properties.
We are raising the rents as much as we legally can, and that is about all we can do.
I would NOT want to be a landlord in any state these days.
As far as I know, Iowa has an old law that if you live in a duplex or triplex you own, you can discriminate as much as you want to. This used to be published in the tenant/landlord handbook in the 70’s.
Seldom do they revoke a law, they just add other laws on top.
Check your state for this old law, it makes common sense.
Big Apartment is exempt from many of these laws unless they proclaim themselves to be “public housing.” We deal with Big Apartment (HVAC) and I can tell you they don’t return phone calls nor are they available during any semblance of office hours. I can only imagine how they treat their tenants.
they write the new laws to supercede any old laws. One poster on a popular landlord forum was SHOCKED to see this kind of private property busting law being voted into in OMAHA.
The long term effect of these laws is hidden—folks who might have invested in rental real estate but instead decide to put their money somewhere else.
Run that for a decade and both the quality and quantity of rental housing in an area will be seriously degraded.
the new laws to supercede any old laws.
Formerly red (now purple) Arizona is one of them: Rent control in Arizona? Laws that would limit rent increases.
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