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.
This should make 'becoming a landlord in New York' about as
popular as having your arms cut off. I would think.
Landlords will be forced to sell to,tE Chinese at some point because they can’t afford to,keep taking losses racked up by their non paying tenants, and when the Chinese own the buildings, I’m betting that the Chinese won’t be under the same rules as previous landlords