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Started By
Message
NYC officially approves a rent freeze for up to 2 years
Posted on 6/25/26 at 10:58 pm
Posted on 6/25/26 at 10:58 pm
How does the OT feel about this?
LINK
ETA:
quote:
NEW YORK (WABC) -- For the first time in its history, New York's Rent Guidelines Board voted to freeze rents for both one-year and two-year leases for the city's one million rent-regulated apartments.
The board voted 7-1 in favor of the rent freeze on Thursday night, as tenants, packed inside El Museo del Barrio in East Harlem, unleashed unbridled joy and relief.
"This is no longer just a city that's a playground for the rich," said tenant Lex Rountree. "This is a city for the working people making it run, and we are making it run for us, and I am so overjoyed, and we are finally here after so much fighting, after years of struggling to figure out how we're going to make ends meet."
The board has frozen one-year leases only three times before Thursday's vote, but had never voted to freeze two-year leases.
"For years, landlords have run this city, and this is a new era of tenant power. We have a rent freeze mayor. Hundreds of people came out and testified, thousands online. Landlords' days are over; tenants are in power now and it feels amazing," said K Agbebiyi of the Tenant Bloc.
LINK
ETA:
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If tweet fails to load, click here.This post was edited on 6/26/26 at 8:27 am
45
Posted on 6/25/26 at 11:04 pm to RLDSC FAN
Don’t live in a city you can’t afford
Posted on 6/25/26 at 11:04 pm to RLDSC FAN
it will be a 3rd world shite hole in 20 years
Posted on 6/25/26 at 11:06 pm to BigAL Golesh
Dude it won’t take that long
Posted on 6/25/26 at 11:06 pm to RLDSC FAN
landlords can just not rent,, since they're so rich NY real estate is an investment
Posted on 6/25/26 at 11:09 pm to RLDSC FAN
a rent freeze will have a chilling effect
Posted on 6/25/26 at 11:11 pm to RLDSC FAN
Dumbasses. I guess they’ll see their supply of housing decrease now and then cry about that.
Posted on 6/25/26 at 11:14 pm to RLDSC FAN
Rent control has always been a disaster, yet NYers keep going to the well.
Posted on 6/25/26 at 11:15 pm to BigAL Golesh
quote:
it will be a 3rd world shite hole in 20 years
It’s going the London route.
I saw a stat recently that said 44% of the workers in nyc were born overseas and 38% of the people who live in nyc were born overseas. Migrant town
Posted on 6/25/26 at 11:25 pm to RLDSC FAN
The beginning of getting what they asked for…
Posted on 6/25/26 at 11:31 pm to RLDSC FAN
quote:That's all it took? Ol' Lex won't be bitching about some other class issue next week?
"This is no longer just a city that's a playground for the rich," said tenant Lex Rountree.
This post was edited on 6/25/26 at 11:32 pm
Posted on 6/25/26 at 11:34 pm to Jake88
quote:
NYC's Rent Guidelines Board just froze rent on a million apartments, 7-1. The lone "no" vote? @NYUStern Professor and @ManhattanInst senior fellow @arpitrage, the economist on the board who lays out, in @CityJournal, exactly why this freeze backfires.
~30% of rent-stabilized households earn six figures. 57,000 stabilized units sit empty. ~10% of these buildings already lose money every month.
A freeze doesn't make housing cheap. It makes it scarce, decrepit, and eventually the taxpayer's problem. It's the same cycle that bankrupted the nickel subway fare and hollowed out Mumbai's housing stock.
The benefit is a lottery ticket for whoever holds the lease. Everyone else gets crowded into a market that's now breathing with one lung.
Allow the private sector to build more housing. That's the only real fix.
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Posted on 6/25/26 at 11:34 pm to RLDSC FAN
I don’t think the average person understands that the typical isnt some Scrooge mcduck.
They are often middle class folks. Only about ten cents of every dollar of rent is pocketed by a landlord.
They are often middle class folks. Only about ten cents of every dollar of rent is pocketed by a landlord.
Posted on 6/25/26 at 11:41 pm to BigAL Golesh
quote:
it will be a 3rd world shite hole
Every Democrat’s dream
Posted on 6/25/26 at 11:43 pm to RLDSC FAN
quote:
"For years, landlords have run this city, and this is a new era of tenant power. We have a rent freeze mayor. Hundreds of people came out and testified, thousands online. Landlords' days are over; tenants are in power now and it feels amazing," said K Agbebiyi of the Tenant Bloc.
It’s really a shame this guy was forced to leave Nigeria and live in NYC and never allowed to leave
Posted on 6/25/26 at 11:53 pm to BigAL Golesh
quote:
it will be a 3rd world shite hole in 20 years
Still waiting
Posted on 6/25/26 at 11:57 pm to JerryTheKingBawler
to suck judges' cock in Time Sqaure?
we know
we know
Posted on 6/26/26 at 12:07 am to RLDSC FAN
quote:probably worth mentioning this part in the thread title
for both one-year and two-year leases for the city's one million rent-regulated apartments.
Posted on 6/26/26 at 12:09 am to RLDSC FAN
About 10 posts before someone who has actually been to NYC and thinks for themselves makes a post…Fox News algorhythm must be on high.
Posted on 6/26/26 at 12:35 am to RLDSC FAN
To each their own. I’m sure there will be absolutely no downside to this.
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