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%

Only in NYC can this happen Jerry Seinfeld #diner #devise #schemes

“Renting out housing is a perfectly acceptable way to make a living.”

Lmao. This is real life.

#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.

By being aware of the #cockroach season in #NYC (May-Sep) , you can plan #pest control services early to combat or avoid #infestations.

Democratic Socialist are contributing to the decline of our city. #putin

#Building owners are the #cash cow for tax revenue. You would think NY gov would treat them better?

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.

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 biggest beneficiaries of #rent #regulation in New York aren't low-income #tenants but more affluent, white residents of #Manhattan.

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.

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.

More #market-rate #apartments in #NYC!!

Property rights under siege

A New York City property owner recently ended up in handcuffs after confronting a squatter.