Posted on 05/13/2023 7:10:47 AM PDT by AbolishCSEU
A New York State Assembly bill that would have banned landlords from reporting late rent payments to credit agencies was withdrawn this week, exposing potential difficulties for Democrats in achieving housing reform before the legislative session ends on June 8.
The bill, proposed by Assemblywoman Linda Rosenthal, sought to protect tenants from credit score damage and potential issues securing future leases due to delayed rent payments. Rosenthal asserts that the bill would have leveled the playing field for renters, as landlords can still pursue fines or evictions for late payments. However, the proposal was deemed too open-ended by some Democratic lawmakers, who voted against it.
Simultaneously, pressure is building on lawmakers to address housing issues after Governor Kathy Hochul’s housing plan was largely rejected. Democrats are prioritizing the passage of the Good Cause Eviction bill, which stipulates that landlords must provide justified reasons for evictions and limits rent increases.
However, landlords oppose this, arguing that rent increases are necessary to keep up with inflation and cover housing costs. As the session end looms, Democrats need to agree quickly on housing reforms, and are also pushing for a Housing Access Voucher Program and a Tenant Opportunity to Purchase Act.
P.S. NYS Landlords are already prohibited from screening tenants based on eviction records (sealed by Cuomo) and are not allowed to “discriminate” against “income source.”
To be a property owner is to put yourself at the mercy of democrats who want to take control of it so you will no longer be the true owner— you will do the work and have the expenses, but they will tell you what to do.
The end goal is complete state ownership of all property.
Fixed it.
And sadly, red areas such as Florida are only a heartbeat away from all this madness. The leftards know how to play and beat the system.
“Preventing housing reform”? Is this journalist working for the CCP?
Aren’t all “journalists?”
We already have the horrendous 2019:
This leaves out the “can only charge $20 for an application fee” stipulation as well
https://www.nyc.gov/content/tenantprotection/pages/new-protections-for-all-tenants
The reality is that you don’t own your property. You rent it from the government.
What's next, banning the reporting of traffic tickets to insurance companies to protect the insurance rates of poor people?
What's the point of a credit score if the government thinks they can manipulate them?
-PJ
Don’t give them any ideas.
If big gov excessively regulates rental properties, maybe smart owner/landlords should pursue selling their property(s) to landlord wannabes and let the buyer beware.
They will eventually get it re-introduced and passed.
Eventually, being current on mortgage payments and other financial responsibilities, while at the same time not receiving a check from tax-payers via the government, will be negative for your credit rating. It will be a “red flag” indicating a person is not “with the program” and thus a risk to the government support structure.
We are already seeing the start on that narrative with the lowered mortgage rate on those whose credit rating is below approximately 740. What suckers were we who worked to get our credit rating above 800!
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