The erroneously named Good Cause Eviction Bill, now in the New York Legislature, would impose rent controls on market-rate buildings in the five boroughs — and crush many small, immigrant and minor…
Socialist-minded legislators in Albany won’t quit until they bankrupt every apartment-building landlord in New York City — and make the housing crisis even worse than it is.rent controlsThe reversal of generations-old policy would drive small, immigrant and minority-group landlords out of business and leave their buildings at the mercy of well-heeled real-estate companies hoping to demolish them for new construction.
Owners were already reeling from the fraudulently-named Housing Stability & Tenant Protection Act of 2019, which severely curbed their rights to raise rents in order to pay for repairs in the Big Apple’s 2.4 million rent-stabilized and rent-controlled units.Stephen YangAs of 2021, the city’s Department of Housing Preservation and Development reported approximately 43,000 vacant rent-stabilized units.
Challenges by landlords, meanwhile, would likely go nowhere. The state has absolute legal authority, New York’s constitution, to regulate housing including market-rate apartments. Brooks said if she can’t set rent prices that make sense against her costs, “Am I the real owner or not?”“The bill’s name is a misnomer,” said Brooklyn landlord Redhead. “A lease expiration is not eviction, but simply the end of a contract.”
Valentina Gojcaj, whose Albanian family came to America by way of the former Yugoslavia, owns two small buildings in the north Bronx and said the bill will hurt her.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Assemblyman flying small plane makes emergency landingNEW YORK — (NEW YORK) -- A New York state assemblyman landed a small plane on a Long Island beach after the aircraft experienced engine failure.
Read more »
Elizabeth Banks -- Good Genes Or Good Docs?!Elizabeth Banks' looks over the years are aca-awesome! The question is ...
Read more »
Biden is vilifying efforts to protect childrenOpinion | Biden is vilifying efforts to protect children WashTimesOpEd
Read more »
My experience attending The King's College in New York CityInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
WBC continues to live up to the hype - New York Amsterdam NewsThe World Baseball Classic is in its second week and thus far has lived up to advance billing as a thoroughly entertaining, competitive, and visceral tournament.
Read more »