Rent Freeze Measure Fails

awesome! a 1% increase sounds good.

Sounds good? Not to landlords ... landlord costs are going up wildly: ramen used to be 5 for a dollar, now 4 for a dollar; a microroll of aluminum foil at the 99-cent store is now $1.09; loosies mad up. Fortunately, Lotto prices are holding firm so landlords can still afford alternative investments and not go totally broke.

ridiculous considering rates aren't kept to 1%, nor are power, gas, building maintenance etc.......

>Fortunately, Lotto prices are holding firm

FLMAOZ

> Sounds good? Not to landlords ... landlord costs are going up wildly: ramen used to be 5 for a dollar, now 4 for a dollar; a microroll of aluminum foil at the 99-cent store is now $1.09; loosies mad up. Fortunately, Lotto prices are holding firm so landlords can still afford alternative investments and not go totally broke.

LOL!!!

> ridiculous considering rates aren't kept to 1%, nor are power, gas, building maintenance etc.......

there's no guaranteed profit for landlords and rents have to keep in line with wages. w/out wage inflation, there's no rent inflation and landlords will have to suck it up.

their buildings did go up in value, they only have a cash flow problem.

Property taxes, their largest cost, are going up 7% by assessed value averages in a week.

> Property taxes, their largest cost, are going up 7% by assessed value averages in a week.

that's for condos. rent stab landlords have special deals that give them lower property taxes.

Is the apartment's square footage going up by 1% (or 2.75% over two years)? I don't mean by broker's tapemeasure, I mean in the world of the real. Are the finishes and fixtures and fittings going to be 1% better over the next year?

> Is the apartment's square footage going up by 1%

is the apartment getting 1% younger? is the tenant getting 1% younger?

For some tenants a rent increase of 1%/year amounts to less than the cost of
one bagel - per month - especially one with butter.

Obviously de Blasio will support a proportionate increase in rent regulated rents if and when the minimum wage increases.
Also apartments with bad mothers or daughters with drug problems will be exempt.

> For some tenants a rent increase of 1%/year amounts to less than the cost of one bagel - per month - especially one with butter.

sure thing, the landlord can afford enough bagels to feed himself

> Obviously de Blasio will support a proportionate increase in rent regulated rents if and when the minimum wage increases

that's the beauty of rentals, unlike carrying costs of homes they have to keep up with household income.

Of course Aboutready didn't improve the situation for anyone involved except herself, co plaintiffs, and the lawyers.

Yet another uneducated comment from the troll.

Yawn.

Yawn

Aboutready, even including the half degree that you own, I am more educated and credentialed than you are.

Any statistics on the broader non-regulated rental market?