This should make 'becoming a landlord in New York' about as
popular as having your arms cut off. I would think.
Posted on 08/20/2022 5:48:52 AM PDT by AbolishCSEU
A proposal by a New York politician was to fine Landlords $1000 if they check a tenant’s credit history during the application process. The politician believes that credit checks aren’t fair to tenants, however it never occurs to her that it isn’t fair to landlords to not have the opportunity to put the best possible tenants in their property.
(Excerpt) Read more at youtube.com ...
14% of the respondents are qualified to move from the pre-qual to the actual application!
Plus they can declare a “moratorium” on evictions any time they want so that tenants can stop paying and get free rent.
This isn’t about fairness. It’s about the gradual taking of private property and merging it into the collectivity. A kind of slow march to communism since they don’t have the courage to openly declare their intentions.
P.S. for those of you that dont’ know, they’ve already outlawed screening based on evictions (sealed these records) and now are getting ready to outlaw screening based on criminal activity.
the number one reason I’m getting from these bottom of the barrel applicants is that their current LL is selling the property. Can’t say that I blame them. The extended moratorium in NYS was the last straw.
Owning rental property in NY is now a game of Russian roulette, only the owner has no idea how many rounds are in the gun.
tell me about it. And I have only two duplexes and a SFH.
This is nuts. What is the point of maintaining credit history if one extending credit cannot check it?
Only 14% meet qualifications?
My goodness. Maybe it’s the uneven employment aftermath of Covid restrictions.
In other words, you don’t own your property, the state does.
This is all designed to reduce the number of rentals on the market. Plus, the price of single family homes has been soaring lately. Companies such as Amazon & Black Rock have supposedly snapping up single family homes to rent out. Lastly, I have also seen articles about tent cities for the homeless popping up like mushrooms across the country.
Add up these trends and I smell an attempt to manufacture some kind of housing crisis. Or maybe a corporate attempt to change the demographics of certain districts. Or both.
Deep State doesn’t like competition.
It’s designed to reduce the number of private sector rentals.
This should make 'becoming a landlord in New York' about as
popular as having your arms cut off. I would think.
The next thing is that they will tell you that once a house is a rental, it is always a rental.
Next it will be banks and mortgage companies which will be forbidden to do credit checks on applicants.
They are communists and do not think there should be any private property. They hardly even try to hide it anymore.
I think government owned housing that lease from government like used to be more prevalent in UK, ‘council housing’
They’ll be checking your social media accounts to see if you’re woke enough next.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.