US Politics on Sidechat | Mamdani’s quote is targeting the worst condition units, like no hot water for 1/3 of units or more. And unfortunately everyone is the same under the law, even if you are a middle class landlord, you should provide these repairs for your tenants.

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US Politics 10w

Mamdani’s quote is targeting the worst condition units, like no hot water for 1/3 of units or more. And unfortunately everyone is the same under the law, even if you are a middle class landlord, you should provide these repairs for your tenants.

US Politics 10w

Holy shit they want to strip rights away from middle-class landlords who can’t afford repairs This will mean landlords will kick out tenants and simply not lease apartments instead of fix their properties. Awful for NYC

Anonymous 10w

A large portion of these are rent controlled units where the price of repairs would force them to operate at a loss for decades. Its hard to convince people to take out loans to pay for investments they know they will never recoup.

Anonymous

#1 10w

When it comes to the *most egregious violations*, which is what this is targeting, like complete cutoffs of heat and hot water, toxic mold, or stuff like elevators that have not been fixed in 1 year The answer is “too bad,” everyone is subject to the law.

Anonymous

OP 10w

We should probably acknowledge that the law created the problem in the first place

Anonymous

#1 10w

The law.. that requires that you maintain the units that you own?

Anonymous

OP 10w

The rent control laws

Anonymous

#1 10w

I mean ehhh since the only rent controlled units are those with 5+ units in the building . And 10 units is around 1% of people. The top 5% of landlords control 87% of rent stabilized units

Anonymous

OP 10w

Source - (Oct 2022) https://www.furmancenter.org/publication/understanding-different-segments-of-new-york-citys-rent-stabilized-housing-stock/