Rental prices across the country are already highly inflated due to the subsidies some receive.
Why would anyone want to rent out apartments in a socialist system that sets the price thousands of dollars below fair market value?
I would think they would close the building for repairs every 5-10 years, evict everyone, and then re-open after 6 months?
From reading what some of the rents are in the article, I’d say they are very low. I realize people need affordable housing, but landlords also need to make some money. I doubt many other cities have rent control like NYC. I could be wrong, but I don’t think so.
Rent is too damn high!
my lawyer-uncle lived in a huge (4000 sq ft) penthouse in a good district (upper east side) of NYC. Was paying $150 a month a few years ago under rent control. A great deal!!!! Wish we could get it! A friend (senior level engineer) is paying $200 and change for a 2,000+ sq foot top-floor apartment with a sweeping view in a decentl- good district of San Fransicko. Again, a super deal! Rent control is wonderful, wish we could get it, too!
Gee, I might even vote D.............
smile
smile
smile
(well, maybe not THAT!)
I have never understood how this garbage works. What ever happened to the “free market”? Supply and Demand?
Let landlords charge what they want, when a mass exodus out of New York happens, maybe logic and common sense would move it?
Doubtful...
Aren’t these laws simply another form of socialism... aka - shifting wealth from the higher earners to the lower earners (except in the cases where some very wealthy take advantage of rent-controls on their lofty penthouses)?
Aren’t these laws at least partially responsible for urban decay - when landlords cannot raise rent to even cover their costs to maintain...
DeBlasio really needs to set down with Sharpton and see if this should really be done.
Sorry Ms Chaffee, but the state has determined that you are no longer a productive member if our society.
You have been granted sixty (60) days to prepare for tour termination.
Thank You
Your 0bamacare Team
Lawmakers should acct to get the government the hell out of the business of setting rents altogether.
Its New York.
Who cares?
Of course, they’ll renew the rent controls. The place is run by socialists. They love controls — and their constituents demand them.
Government has no right to interfere with the ability of someone to set a price for something he wants to sell.
That way, our Masters would be kept busy re-passing the laws they really liked, instead of passing new ones to oppress us further.
Rent control causes housing shortages.
I guess that’s why liberals like it.
All your property are belong to us.
do the taxes and maintenance costs on these buildings also reflect 1978 price levels??
Communism at it’s finest at work!!
Rents should be whtever the traffic will bear.