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Started By
Message
re: NYC officially approves a rent freeze for up to 2 years
Posted on 6/26/26 at 10:52 am to NukemVol
Posted on 6/26/26 at 10:52 am to NukemVol
quote:
Go back to bitching about price controls.
instead of deflecting to an entirely different sector of the economy, why don’t you just explain to us why in your opinion rent control is a good thing.
0
Posted on 6/26/26 at 11:12 am to RLDSC FAN
Absolutely intentional: run off the wealthier landlords so the city can take control of rental property and give it to immigrants on the taxpayers dime.
Great Replacement theory except not theory.
Great Replacement theory except not theory.
Posted on 6/26/26 at 11:41 am to HarryHoudini
quote:
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
At what point in history was that number lower? NYC has always been the landing point for foreigners. I would think the only thing that changes significantly is where these people come from.
Posted on 6/26/26 at 11:47 am to Motownsix
I wonder how long it will take for that leaking roof, inoperable heater and plugged toilet to be repaired? Hmmm. Enjoy your rats nest.
Posted on 6/26/26 at 11:49 am to NukemVol
What if I told you price controls just create scarcity.
Every time
Every
Single
Time
When the maintenance costs of a building increase, and you can't increase revenue, you will just leave apartments empty that need work.
The market is undefeated. Meddle with it at your peril
Every time
Every
Single
Time
When the maintenance costs of a building increase, and you can't increase revenue, you will just leave apartments empty that need work.
The market is undefeated. Meddle with it at your peril
Posted on 6/26/26 at 12:07 pm to Roaad
quote:
When the maintenance costs of a building increase, and you can't increase revenue, you will just leave apartments empty that need work.
The market is undefeated.
The scarcity / empty building issue in NYC has a lot more to do with private equity. It's not like residential rent control / stabilization for limited large buildings hasn't been around forever. Mamdani's plan means a lot of rents will stay at $2500/mo instead of go to $2550.
Another issue driving scarcity is the sheer amount of wealthy people who have a 2nd or 3rd or 4th residence in NYC. (For all the talk of rich people being driven away, they sure keep flocking here in droves)
As far as "free market manipulation":
Private Equity is gobbling up block after block and for some reason it's worth more to them to own these empty buildings on paper with a exaggerated "market value" than it is to actually put it on the market and have to rent it for lower. Not enough brick and mortar businesses can afford the $8k/mo++ rent they leverage against.
There's the best example of free market manipulation.
In fact, this issue is 100x worse for retail space in the city where there are far fewer regulations.
This post was edited on 6/26/26 at 4:19 pm
Posted on 6/26/26 at 12:21 pm to CatfishJohn
quote:
At least Mamdani openly admits he's a white hating Muslim socialist, the only thing I respect him for. He says who he is and what he wants to do.
It’s incredible that white people support a guy who openly hates them. That’s white guilt for ya
Posted on 6/26/26 at 12:27 pm to RLDSC FAN
The FA part of the equation is about to start happening.
Posted on 6/26/26 at 12:27 pm to NukemVol
quote:
What if I told you that deregulated markets rates are 50% higher and increasing twice as fast as those regulated monopolies you hate
I pay 12 cents a kw/h in a largely deregulated market where I can choose power delivery from 30+ providers (although Centerpoint does the underlying delivery). Seems fine to me.
Posted on 6/26/26 at 12:56 pm to LurkerTooLong
quote:don't price people out.
Don’t live in a city you can’t afford
Posted on 6/26/26 at 12:57 pm to RLDSC FAN
What they ought to do to help out is to suspend property taxes, etc. that the landlords have to pay.
But, they'd never do that.
You take away the money from taxes, you take away the control they have.
But, they'd never do that.
You take away the money from taxes, you take away the control they have.
Posted on 6/26/26 at 2:13 pm to RLDSC FAN
Just don't come South when this s*** blows up in your face!
Posted on 6/26/26 at 2:18 pm to Byron Bojangles III
quote:
don't price people out.
So you’d sign a lease knowing you couldn’t pay it?
Posted on 6/26/26 at 6:38 pm to RLDSC FAN
Freezing rents and at the same time raising property tax is ideological stupidity in action. It was a disaster before and it will be even more so this time.
The low rent buildings are marginal to start with and guess who lives in the low rent buildings... The City's track record in running buildings it took over is abysmal too.
The low rent buildings are marginal to start with and guess who lives in the low rent buildings... The City's track record in running buildings it took over is abysmal too.
Posted on 6/26/26 at 6:52 pm to RLDSC FAN
It's meant for landlords to go broke so the govt can buy or seize the property then give it to NGOs.
Posted on 6/26/26 at 7:44 pm to stout
This guy looks exactly like the type of guy that would line people up against a wall.
Posted on 6/26/26 at 9:52 pm to Everyday Is Saturday
quote:
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.
If you want to hate all the great places and people in the USA watch the news. If you want to love the best parts of America go visit them.
NYC is still my favorite city I’ve been to in the world.
Posted on 6/26/26 at 9:56 pm to Bamafig
quote:
I wonder how long it will take for that leaking roof, inoperable heater and plugged toilet to be repaired? Hmmm. Enjoy your rats nest.
Rather than hate America, you should really try to go visit some of it for a while.
Posted on 6/26/26 at 9:57 pm to Motownsix
I’ve never been to NYC. In my bucket list… but this isn’t the 50’s and 60’s anymore..
Posted on 6/26/26 at 9:59 pm to RLDSC FAN
quote:
one million rent-regulated apartments
Should be zero.
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