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Albany’s ‘Good Cause Eviction’ spells bad news for NY’s housing market
nypost.com ^ | 4/24/21 | Post Editorial Board

Posted on 04/27/2021 6:16:28 AM PDT by AbolishCSEU

Not content with jacking up taxes massively and dangerously mushrooming the state budget, legislators are now looking to inflict yet more pain, by sneaking through a “universal rent control” bill that would clobber the housing market.

This, even though rents in New York City have plunged to decade-long lows.

The legislation, now in committee in both the Assembly and the Senate, is misleadingly labeled “Good Cause Eviction,” when it would essentially force landlords statewide to accept tenants for life — with a cap on yearly rent increases.

(Excerpt) Read more at nypost.com ...


TOPICS: Government; News/Current Events; Politics/Elections; US: New York
KEYWORDS: control; eviction; moratorium; rent; rentcontrol
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To: AbolishCSEU

“Rent control coming to a neighborhood near you. Not just NYC!!”

...EXACTLY, and for those RINO-haters who don’t think it can get worse (so you sit out elections), well, here’s something coming nationally, once the Democrats have the votes they need to pass it.

Just a small example of what they’ll do, after making your guns illegal (of course).


21 posted on 04/27/2021 7:41:53 AM PDT by BobL (TheDonald.win is now Patriots.win)
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To: cranked

The funny thing to me is in places the rent is $5000 a month, and they wonder why people don’t want to work at the local grocery shop.


22 posted on 04/27/2021 8:12:57 AM PDT by redgolum (If this culture today is civilization, I will be the barbarian)
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To: AbolishCSEU

CA is going to do the same thing.


23 posted on 04/27/2021 11:51:46 AM PDT by Zathras
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