I don't think Cuomo would ever propose this. Except he thinks he can beat Mamdani.
The law is intended for people like the Mamdani’s. It’s a feature, not a bug. Cuomo never cared that it benefits people in their income level before now.
He’s got it wrong. It’s not just about privilege. It’s about a communist system that transfers money from the landlord to the tenant. Pure theft.
If Cuomo was serious about reform he would abolish “rent stablization” for everyone
There are way too many tenants of means living in rent controlled apartments. And they're far better organized than would-be future tenants, who would benefit from such a law.
Rent control is a third rail in NYC. You NEVER touch it if you want to get elected. Any attempt to reform rent control sends tenants into panic. If you take away some wealthier tenants' right, they might be next.
I don't think Cuomo would ever propose this. Except he thinks he can beat Mamdani.
Wrong. This is a desperation move. Cuomo will upset too many well-organized tenants. It's a Hail Mary pass, hoping that prospective tenants will make up the difference.
Cuomo wouldn't propose this unless he figures that his numbers are so bleak, he's got nothing to lose at this point.
Politicians like this are the problem.
On any given day, a “decent” politician could propose reforming rent control so that it actually helps poor people. But no politician would ever do such a thing.
But — on a special occasion — an ambitious politician can propose rent control reform because “this is how I can beat my opponent and seize power for myself!”
And in the meantime, the other politician is abusing rent control because “I’m better than everyone else. I deserve these perks”.
The political class in a nutshell: they don’t care about you. Everything is about them.
If $2300 is the rent controlled amount for a one bedroom, how much is market rate? Ouch.
I can’t wait to find out what “Zohran” is an acronym for…
/s
Exactly. The whole point of rent control if for the hard core elite. Remember when they had luxury decontrol for people making above $200,000 per year?
They exempted any apartment for which the rent control rent was below $2,000. That saved the true elite living in 11 room Park Ace apartments since 1940 at $900 per month.
And then when the hard core elite units started inching toward $2,000 they scrapped decontrol altogether.
“$2,300-a-month, one-bedroom pad in Astoria. “I’m calling the legislation ‘Zohran’s Law.’ This is obviously an abuse of the system,”
Yes . 2300 a month for a 1 bedroom is abuse of a system. I agree.