NYC MEME TOWN (@nycrememes) 's Twitter Profile
NYC MEME TOWN

@nycrememes

the source of NYC rental apartment memes

ID: 1450585466365956106

calendar_today19-10-2021 22:11:50

265 Tweet

324 Followers

342 Following

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Stabilized #rent increases for 1-year leases: 2014 – 1% 2015 – 0% 2016 – 0% 2017 – 1.25% 2018 – 1.5% 2019 – 1.5% 2020 – 0% 2021 – 1% 2022 - 3.25%

Stabilized #rent increases for 1-year leases:
2014 – 1%
2015 – 0%
2016 – 0%
2017 – 1.25%
2018 – 1.5%
2019 – 1.5%
2020 – 0%
2021 – 1%
2022 - 3.25%
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#Rent laws in #NYC limits the income owners receive, impacting their ability to cover maintenance costs and #taxes. This leads to challenges in upkeep especially in prewar #buildings.

#Rent laws in #NYC limits the income owners receive, impacting their ability to cover maintenance costs and #taxes. This leads to challenges in upkeep especially in prewar #buildings.
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By being aware of the #cockroach season in #NYC (May-Sep) , you can plan #pest control services early to combat or avoid #infestations.

By being aware of the #cockroach season in #NYC (May-Sep) , you can plan #pest control services early to combat or avoid #infestations.
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You can never really own #real #estate for instance; if you think you can, just try not paying your #property #taxes for a few years.

You can never really own #real #estate for instance; if you think you can, just try not paying your #property #taxes for a few years.
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The limited 2.75% reg rent increases are not enough to keep up with taxes, insurance which are going up double digits in #NYC

The limited 2.75% reg rent increases are not enough to keep up with taxes, insurance which are going up double digits in #NYC
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The biggest beneficiaries of #rent #regulation in New York aren't low-income #tenants but more affluent, white residents of #Manhattan.

The biggest beneficiaries of #rent #regulation in New York aren't low-income #tenants but more affluent, white residents of #Manhattan.
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More #rent #control measures discourage #investment in rental #properties, leading to a decrease in #housing supply and quality. It causes #market distortions, and will blow up commercial loans.

More #rent #control measures discourage #investment in rental #properties, leading to a decrease in #housing supply and quality. It causes #market distortions, and will blow up commercial  loans.
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Between 175,000 and 185,000 rent-regulated #tenants are more than two months in #arrears. Roughly 50,000 tenants owe more than $15,000 in arrears. The total arrears is estimated to be around $1.14 billion.

Between 175,000 and 185,000 rent-regulated #tenants are more than two months in #arrears. Roughly 50,000 tenants owe more than $15,000 in arrears. The total arrears is estimated to be around $1.14 billion.