No rent increases, despite massive inflation? 1) Squeeze out non-corporate landlords. 2) Landlords sell. 3) Corporations buy. 4) Rule get changed back to benefit the corporations.
Wait you would think them dummies at least would raise the rates of pay so ppl could afford the increase in rent increase in inflation...while no increase of pay for folks living there to meet the price hikes of the rental units etc
@@cosmicllama6910 nope. it wont. everyone was wearing face diapers, getting jabs, locked up at home a few years ago. oh, and also getting a substance in their body without knowing its side effects and content.
If you own two properties in NYC you are in the top 0.1% of Westerners and in the top 0.1% for global wealth. You are not middle class in NYC if you own a home or building. You are DEFINITELY not middle class with multiple.
@@flyandshy00 Bullshit. They just can't afford shiny nice little condos. All my young cousins moved to NYC and are found basic apartments rather cheap to be honest. Key is they aren't wimps who need a safe space...not eve a key fob to get in, imagine the horrors.
@@Will_Bx_NYC_718 You have to get your other debt down then. That should be easy on a 6 figure salary. I make less than half what you make and easily pay $840 per month house payment with around $600 a month left over to invest. I do have a jeep wrangler car payment as well but no other debt aside from that. I never eat out and am careful with electricity and water use.
Facts brother it's just an ego thing with people it has nothing to do with quality of life ,it's all about bragging right if you have ever bin on the ground level with people in network that state is one step above California suffering the mental health in New York is beyond scary
I mean... when a die-hard smoker's cigarette lights their couch on fire, which burns the building down, which catches the block on fire, and spreads to the rest of the city, NYC _will_ be a glowing example...
I live under strict rent control. No homelessness. Landlords are all still the wealthiest among us. Why do Americans seem to love to bend over and get rammed by those already thriving is beyond the rest of us. Keep taking it hard though.
What if it's a company that's out of state... Who says the owner is even American or aiming for the tenants to do well. Maybe they want the bump/boost to their income
FUCK THAT, don't leave, fix the problems you voted for. @BM_718, are you crazy, we don't want New Yorkers to fuck up other cities because they never learned that their votes matter.
This also can be viewed as a good thing because land lords could sell their apartments so some people could buy a house to their name. But i know renting a house is easier This whole renting apartments are too far gone
@@eddie10191 NYC is the best place in the world. I lived in Massachusetts,in New Jersey, Colorado. I've traveled all of America. NY C is the best state.
Perfect recipe for Blackrock and Vanguard to pickup all these properties for pennies on the dollar and no more regular landlords. No coincidences here. Its ALL DELIBERATE!!!
He got that part incorrect. There's not going to be less landlords or incentive for building. There are many construction projects happening as we speak. They're just going to be less mom and pop landlords, such as myself, who already can't take the brunt of the many other hurdles we face yearly.
What is the end game here? What happens when Blackrock and Vanguard own all the sh*t properties no one can afford to rent, and all the jobs and businesses are gone?
They're not incompetent, they know what they're doing and benefiting from it. They just don't give a fuck about you. That makes them dangerous, not incompetent.
how is it incompetent? Lol majority of NYKers are renters. This is to their advantage. The politicians are literally getting laws passed in the interests of the people.
I have a 4 bedroom house on 1/2 acre .. mortgage is 750/ month... Granted it's bum fucked Montana... I have lived there for 12 years and I have never locked my house or car...
Exactly.. That or it's really a trick up their sleeve. (Creating a "Reds go to war with the Blues" situation.) Naturally while playing both sides behind the scene and making all the money.. per usual.
The " you own nothing now " has been tried many times in history, successfully too. Its the be happy part thats going to be tough. Still I am touched that Claus Schwab and friends are concerned for my happiness.
I feel the same way. Just watching Cash's apartment tours makes me sick to my stomach. In most cases, the $5-6000 apartments *start* to be enough space, but even then you're looking out onto just a bunch of bland, dank concrete in the best of cases. And then there's all of the government intervention crap you have to deal with!
@@stoneneilsyeah that’s why tons leave to move update any by me where it’s the country. People are happier in nature instead of prison camps who would hve thought. Cites are for people who are needy and helpless. No one would rather watch homeless dude kissing pissing and shooting up than see deer and hear birds and no strangers screaming or traffic all day. Live in the city is for herd mentality people. Always has been.
@@stoneneils I bet you could. Many have already done just that. The place is bleeding population. If/when the supply chain collapses those who stay will be having some big problems.
Politicians giving the government laws, the ability that control every aspects of people's lives. Why do New Yorkers want the government to control so much of their lives?
Crooked walls, lousy, paint job, cheap gas stove top, stripper pole in the bathroom, not exactly what I would call an apartment worth $4000 a month. Thankful my Georgia mortgage is about a quarter of that. Blessed I got out when I did.
@@mangotail6808 and they will fill it up with foreign criminals who will eventually be given the right to vote in elections - this is where their true value comes to play.
Just like Covid. Remove the middle class, only let big businesses stay open, and give them their market share. Almost every small business owner I know lost everything during Covid. These commies want to own everything, and turn us all into employees and laborers.
I look at cities like NYC as a social experiment in how much people will tolerate before complete anarchy and revolt. What is it going to take to finally get people to stand up for themselves?
They can't, because living there already forces one to be like a "robot"; there is no such thing as easy living unless person comes from wealth or do illegal stuff. One could work every day and still have no money
What nobody is talking about is that for 30 years the landlord has been collecting money and never once thought of reinvesting in the property, instead they just spent the money and they wanna cry about outdated Apts. It's all cap!
Eventually the small time landlords will have no choice but to sell all their properties at a loss to a corporation like Blackrock. Once they own everything all the restrictions will be rolled back just in time for them to cash in.
Me either! I was born in Brooklyn and my family moved out (of Queens) when I was going into the sixth grade. I am forever grateful to not live there now! Today I live in SE PA and as I sit here in my little office in a spare bedroom I can look out at rolling acres of green space & trees.
I don’t understand why regular ppl do either. But I know plenty of ppl that moved there bc of the benefits like free housing, food, utilities, and transportation.
I'll keep my 650-sf apartment in Louisiana for $850.00. My complex consists of 750 units and occupancy is 97% only because the other 3% are being renovated. You couldn't pay me to live in NYC.
Yeah. It is not worth it. Hey, do you remember the movie Robocop - when the powers that be were inciting riots and deliberately increase crimes in the neighborhood to lower property prices so an evil corporation can buy them all up? Maybe that's what is happening in the US. Or just plain old buying votes of dumb people.
this is what they are hoping.. the great reset has been written, and YOU and others are the outcome of what they intended all along.. "YOU will own NOTHING, and be happy"!
No rent increase, no repairs. No rent increase, don't increase the property taxes on the landlords. This is just another scam to fleece the middle class landlords.
wait, you're not a rich company that somehow owns multiple building who gets a deal with government to house migrant at an insane margin? Well tough luck.
I live in California. I have a Housing Authority choice voucher. The new landlord raised the rent double and HA couldn't cover the increase so the landlord kicked me out with my son. I had lived in the house for 12 years without any problems. I payed my rent on time and my own utilities, and did all the yard work myself. The house was also freshly painted by me, and well taken care of. The house was pretty small and old, it belonged to a sweet old couple. They were pretty old too, and in bad health, very kind and caring, but due to their bad health, their nephew took over and raised the rent. I was told that I could stay if I paid the full "market price". But I couldn't afford it. It took me 6 very stressful months to find another place I could afford and it was 12 miles outside the city in the middle of scorching fields. It was awful hot in the summer and in the winter we nearly froze, we had to sleep with full pajamas and a beanie on our head, listening to howling coyotes all night, and that's just part of the problem. Housing in the USA is deplorable if you are disabled, have children and a low income. It's such a basic human right, it's not a privilege.
I disagree. Housing is something that you procure. It is not a right, it is a responsibility, especially if you decide to have children. Children have a "right" for you to provide housing that you must "procure" for them because YOU made a decision to bring them into the world. Again, it's your responsibility. Most people get the housing they need by working hard, getting the required education when young or the vocational education they need to succeed and "procure" the housing they want or need. Obviously, instead of that, you relied on a nice older couple to keep providing this house to you at a low cost. YOU, never considered or planned for the day they might die, turn the home over to family or sell the home. That's on you. Sorry, but those of us that plan towards the future and work our asses off to get where we need to be see nothing as a "right" except those provided by our constitution. God gave you the right to live, but how you do that is on YOU and you alone. You have tons of options, use your head.
Basic shelter is a right for all humans wether you have children or not. It’s wrong to assume that people who can’t afford housing are in that situation because they are lazy or uneducated. Sounds like a typical capitalist statement to me sorry.
Housing is not a right according to law. However, the nephew sounds like a douche. That was a dick move. He displayed no business ethics by evicting you. He failed to uphold what sounded like a healthy business relationship. He'll get his. You can't treat people like that without it coming back to you. I hope you and your son are doing well now
I feel like NYC government is knowingly choking its own city so long time locals would leave. Of course Mayor is not gonna say it to the public, but his trying to create a whole new Alternative NYC
@@stoneneils I bet that sounded really smart in your head. People also talk about things like Covid, the Holocaust, or FGM. By your logic they are also all great because people talk about them in comments.
@@stoneneilsyeah sound logic there pal. So when we speak up against the perverts, you’re answer is it’s a good thing that’s the only reason we’d show up to talk about it? Cult much?
Makes me wonder if Black Rock is standing behind a tree somewhere rubbing their hands together & laughing maniacly.....Remember, it won't be long before we "own nothing & we're happy"!
This is good, it's only once we've all been reduced to the same level that we will finally rise up. The fact that some of us have been able to be landlords has kept the working class divided. When we all own nothing we will finally rise up.
@@cosmicllama6910 You're spewing nonsensical marxist hogwash. We've all heard it before and none of us are buying it. Except for the brainwashed. Communisms never worked and it never will work. So put a cork in it, Skippy.
I don't understand why these $4,000 apartments feel like they were built over a hundred years ago. These places aren't worth that much money. They don't even seem to have central heating and AC. Wtf?
They are not worth 400$ a month, but idiots will be idiots and pay into this delusional trend of sucking every dime from a person for "rent" on something they will NEVER own. It is like the old saying goes, "You can't fix stupid".
Value is what someone is willing to pay. It they are not worth that much, then they will sit empty until the asking price is reduced, if they are worth that much, then they will get rented.
Holy shit!?!? That 2 bedroom apartment is $4,300 a month!!! That's insane. How do people who live there afford utilities and internet? Nevermind food. Imagine living at this place but you can't afford to eat, so now you gotta go to the soup kitchens just to eat a meal. This is just crazy.
To hell with New York now they want to tell you what you can and can't do with your own property who's ever writing these laws in New York needs to be thrown out of office
It will only be this way long enough to cut out the landlords who own small duplexes, small apartment buildings, etc. Once they can not pay their taxes they will lose ownership and a big place prob China will come in and buy the properties which then the laws will be changed to allow throwing out those that haven't been paying rent. Trust me those not paying rent will not see thing like that forever and when things flip they will be brutal.
@@irritatingtruth9121 legal costs hurt far more when both sides of your pockets are touching. I really think that people would like to challenge these policies, but with what money? Most lawyers wont work pro-bono
LETTING them fall apart???? They already are falling apart. Disgusting how 3rd world those places look. Never, and I mean never would I live in that filthy city. Razor wire, security grates, graffiti, trash piled on sidewalks, disgustingly dirty sidewalks, rats, roaches…. Nope, never, not even for a million $ a year paycheck.
@@alltooleah blame the government for the out of control rent prices, not landlords just trying to pay their bills. This state has stripped landlords of basically all their rights and continue to screw them over. This is tyrannical and I stand with the landlords
Something similar recently happened in the Netherlands: against advice from everyone, the ministers went through with a number of changes: rent control got extended into mid-price rental properties, temporary leases are no longer allowed, stamp duty on commercial properties got increased to 10%, and income on rental properties are taxed more heavily. The responsible minister repeatedly said he would be "choosing the side of the tenant every time", and he did. Result: most landlords sold up, *ALL* investors in new rental properties pulled out, and conversion of old office buildings into rental studios stopped, and tens of thousands of tenants are out in the street. For one simple reason: a savings account will now give a comparable return on investment, without the risk and hassle. And even if the new government rolls back some of these measures, no investor is going to return. They got burned once, and once is enough.
My properties sit vacant until my children are old enough to mov into them. If I am forced to sell at some point between now and then, it will not be on the MLS but privately and likely in cash. I’m not going to be treated like a criminal or the problem when I’ve eaten $10’s of thousands in losses from bad, destructive, non-paying tenants and just take it on the chin. Now I choose to be part of the problem, but at least my children wil have their own homes. The rest of you can pop a tent behind Walmart for all I care.
This is a very interesting case study. I’ve always been against too much government control over the market and this and many other stories prove government regulation is not the answer
every state is turning into this. If this keeps up, 75% of the population will be homeless. But migrants, they will have an apartment, while Americans sleep in the streets.
Live in small town rural nowhere NY... Illegally evicted with the judge refusing all evidence & arguements bc the owner is a member of same small church & b4 the hearing officially started the judge spoke on having breakfast with the slumlord the weekend before... Sickening to have wealthy use grants & NYS to buy up property never do zero improvements & in fact make unlivable conditions like living in a barn surrounded by cobstruction that had zero daily cleanup for over 2yrs while having the only electricity turned on in the old 3 story building so the pipes freeze. Never once did i pay rent late let alone miss rent but as soon as i voiced my concerns about health & safety to the local officials i'm served eviction notice... The helplessness & injustice you feel at being wronged bc of money with no morals io ethics attached is sickening, saddening, & disheartening. My heart goes out to those facing injustice & a system turning blind eyes.
I have no idea why anyone would WANT to live in NYC. No rights, crime ridden, insane living costs, terrible commutes, gotham level politicians, crazy taxing. the internet already exists.
Meanwhile, in Argentina, the President recently removed price controls on apartments and the result was that apartment prices went DOWN, because of competition. The NYC government knows this. So why did they pass this law? Think about it. When the crisis becomes so bad they only way to solve it is direct government control over apartments, that's what they'll do and gain more control.
They are already talking about Government owned grocery stores that will replace the ones that went out of business due to shoplifting. Eventually, we will be a capitalist country in name only.
$4,300 for rent for a place that looks like THAT is absolutely DIABOLICAL! You can literally get a house, townhouse or condo for WAY cheaper than that out here. Omfg. 😩😩
Last time I checked , under this administration, every average person and families are doing a lot worse day by day in this country.. it's not going so great in my neck of the woods...
They want to bankrupt the owners. Those buildings will then be bought by BlackRock or some developer. They will then either knock the building down or do something else. This is a long term play. Likely 10 years NYC will absolutely be a crazy place that is unrecognizable to former residents.
@@VENOMEVOLVED-nq5wzor, Blackrock becomes your LL and they can afford to have units sit empty which means higher rent. People don’t know what they’ve got til it’s gone
so if the landlord raised our rent last fall, and our lease is up but we are still living there month to month, are you saying we don't have to pay rent period??
When the government begins protecting squatters, the landlords stop renting. It will become very expensive and very difficult to secure a roof over your head if you seek to rent where squatters have more rights than you. Ask a Venezuelan.
It sure doesn't. But think the price is so high because it's out of code since it's been occupied for 30years. I imagine the city will make you jump through hoops. And then if I understand correctly the landlord can only raise the rent x amount of dollars.
Increasing minimum wages means specialized jobs demand more money, even mechanics charge 120$ an hour for just labor, electricians/plumbers/drywall/ECT, they all have their hand out asking for increased pay to cover the oversight because let's face it businesses sole focus is on making money, not losing it@@alucardsucks123
$4300 rent you must earn at least $174,00 per year.... What in hell kind of jobs are these people in NYC working? That's absolutely an insane amount of money. The national average salary is like $59,000 per year. Maybe if ALL the renters went elsewhere to live.... the city would finally get it.... NYC is so out of touch with the rest of America!
my wife is a public school teacher and makes about $115k. I'm a CPA and make about $200k. Literally the only reasons we're staying is because we bought a single family house during covid with super low interest rates and the fact that this is where our professions would earn us the highest salary. Starting to wonder if it's worth it anymore. The city is definitely on a downward trajectory.
8 migrants are willing to pool resources, trust me...Mexicans came to my block barefoot in the 80's and they own businesses and houses today...our indulgence and convenience has finally come home to bite us in the hiney
@@Anthony-fc4jlbingo. Sounds like you needs to move and save those incomes. My husband and I combined do not make your wife salary......however our living costs are low and we live in GA in the country. I make 30k a yr. My husband makes 55k. But we save money 😂
I can't remember where it was but, to make it short, here's what some investors did: They bribed the law makers and made them freeze the rents, not allowing landlords to increase the rent. The landlords stopped making repairs and to invest money in their properties, so the tenants slowly moved out and the new tenants were poor people who didn't mind living in a poorly maintained place, as long as they could afford the rent. After a while, most of the people who lived in that area were "poor people" and the people who owned a house and lived there didn't like to live next to these new neighbours, so they decided to sell their house and to move but... no one wanted to buy and live there, so they were forced to decrease the price and eventually, the whole neighbourhood became a "low value area". This was all part of the plan! Investors were watching, waiting for the right moment to buy these houses and when the price was low enough, they began buying all the houses, tore them down and built new, luxury apartment buildings. Then, they spread the "news" that this neighbourhood was now "clean" and ready to receive its new residents...and it worked! These investors were smart and patient. It took a moment but eventually, middle- to high-class people moved in and the investors made a HUGE profit! This isn't new, it has been done before, so I wouldn't be surprised if some of the people who make these laws were corrupted by some investors who are planning to do the same in NYC.
Seriously, what is GOOD about living in that city? Diversity isn’t worth all of this. Good restaurants aren’t worth all of this. Broadway isn’t worth all of this. None of the alleged benefits the city claims to offer are worth all of this.
Hey, if you haven't experienced a drunken homeless person urinating on your shoe in plain sight of an ambivalent cop while you're waiting for the subway, you'll never understand the joy of living in The Big Apple.
I have been watching this channel for a while and it used to be full of people defending NYC stating that it is like no other place in the world and now I never see any comments defending the city.
So for all these years, renters have got the shorten of the stick and now that landlords are going to feel that feels like now it’s a problem, but it wasn’t a problem when landlords were kicking out perfectly good families.
Landlords kicked out people who did not paying their rent. During and after covid the gov. allowed people not to pay their rent and gave them stimulus checks. Tenants not working got bored and bought flat screen tv's instead paying rent. Landlords got burned badly with no help from the gov. Now there is a backlash with high rent to make up for what was lost. Now in NYC tenants can't be evicted even if they don't pay their rent. Landlords get burned again. Good tenants pay their rent and take care of the property not trashing it. They are welcomed.
Landlord: He is a straight white cisgender man who supports Donald Trump. Judge: Say no more. Eviction granted. I say this in jest, but I fear that may actually work in this far-left city.
…haha ok keep listening to Mr. Wonderful he is a Trump mouthpiece. The investors will just buy out the buildings kick the renters to the streets and develop more condo’s…ohh wait that’s what the orange fat goblin Trump did in the late 80’s🙄
One of my best decisions in my life was leave NYC 20 years ago to a nice small town in the midwest, people in NYC remember is other places where you can live better, good luck.
@@soul1d Very true, because how else are the democrats going to have all that money to spend on migrants? They are not cheap you know! That's why Blue cites have the highest taxes and worst rents!
The worst place to live. They are crippling people who are trying to make a living while hoping the super rich take advantage when the landlords have to sell. Banning evictions is the craziest thing I have heard of.
The "people" elected the leaders who are doing this, the "people" are doing it to themselves thinking they are getting something without a consequence, their wrong, but it takes time and the "people" are often very short sighted.
Anyone that wants to leave is going to have problems now because now they have to exit taxes that most people aren’t gonna be able to afford… So now people are stuck without anywhere to live, and people are going to start the apartment instead of leaving and being homeless
Hmm sounds like a taste of thier own medicine. Ridiculous rent cripples people just trying make living by those wealthy enough to have purchased the property to exploit them...
@@XxowendanxX Too late! They destroyed these Cities and cheered when these real estate backed politicians made these outrageous laws then fled. Look at Texas, Georgia and Florida currently.
4K mortgage would be in the $800K range. Where I live, that would be mini-mansion level pricing e.g. five or six bedrooms, 1+ acre lawn, 4 car garage, etc.
The issue with this is, nobody wants to rent any available space to anyone anymore because they won't be able to kick them out. This is especially true to the outer boroughs.
@Fighter4Street People are kicked out everyday.... but the process is not easy or quick, nor should it be. Where a person lives is extremely important so, any movement here has to be done carefully. 99% of the landlords are not living in a tight financial position, especially in NYC.
@@tonespeaksTX has easy and quick evictions as it should be. No lease? Get out. No rent? Get out. It isn’t hard. You don’t see these problems down south, it’s an NyC problem.
This is what they want. They think more government will mean better. They think the next law will make things better. The next regulation will make things better. The next tax will make things better. They haven't learned for a hundred years what makes you think they're going to learn now?
Reagan said it best . “ The most terrifying words - I’m from the government and I’m here to help “. So obviously no they haven’t learned anything yet .
Honestly I don’t think they are just dumb. A lot of decisions that they make are deliberate bc they know exactly what they are doing and they know that it’s all for personal gain.
Visiting vs living are totally different things. I have friends in NYC. I visit once or every other year. I always have a great time, yet i have voted twice for Trump and will a 3rd time. I wouldn’t live there if they laid but visiting is fun.
@@mikieemiike3979because most people don’t take vacations to stimulate the economy?? Lol. They take vacations to have fun and have a different experience. You’re saying you base your vacation spots off of what economy you want to support? I’m sure your family loves that hahaha
Housing and Food should never be charged. Nowhere. Basic human needs should be free for everyone. Landlords are always asswholes. If you Mke money off of someones genuine need you should question your right to be alive.
Moral of the story? be happy you don't live in California or New York. Rent is ridiculously high, quality of buildings are trash and everything around you is either expensive or dangerous. I'm thankful for being able to live in Houston on my 1,700sq. ft. home with a 11k lot and only pay $1,600 a month for my mortgage.
These vermin are spreading their filth of ideas across the country though. Like a virus spreading. Liberalism is infecting once nice places, thanks to libs fleeing from what THEY created....
Even in my rural town in Oregon rents are getting insane and they raise it by the legally allowed amount yearly. I'm so sick of it and the groceries and everything else going up, this country is getting worse and they pretend like voting one way or another will fix it when it never has and never will as long as super wealthy people are running things.
Lol if you think they are wasting time trying to track you via mail/physical address you are sadly mistaken. They can just ping your phone, even when it's off (with battery removed), and still get a triangulation on your exact position lol... You aint hiding from the fed if they want to watch you, trust me.
@@SockieTheSockPuppettrail of tears, what's that? (Sarcasm) *I dont see it anywhere here in my history textbook, wonder what's up with that?* *Are you proud to be an american? I SURE AM* (bigger sarcasm)
Just left nyc and let me say, Thank God! We now live in a 5 bedroom house, NOT an apartment in Virginia. We don’t see bums or drug addicts (they have homes) lying around everywhere. Virginia doesn’t have time for unemployed behavior. Mental illness is under control from what we can see. (Except at Walmart after 10)
Educate the kids, or at least never forget to vote vote vote! Never be afraid to speak up. Kids see this and learn. I wore my first M A G A Shirt, which starts conversations.
Funny thing is, I heard Virginia has a high cost of living. Reminds me of when I heard New Yorkers commenting on how cheap rent is in Miami. I guess most places are cheap compared to NYC.
And the song will remain the same…….. For the most part the NYC residential demographic will continue on with 1) the well off who don’t have to care and can continue a safe lifestyle in a decent area 2) the legitimate section 8 demographic as well as drug addicted, mentally challenged and uneducated street indigents on public assistance who will continue to be housed in prime neighborhoods, Supplementing their public assistance With panhandling as their full time job. 3) the young 20-30 something single professional demographic who are enjoying and enamored with their “after college NYC experience” (Which may often but not always be subsidized by mommy and daddy) 4) the very few working middle class people or seniors who are only hanging on because the were fortunate enough to buy their condo or co-op many years ago (likely becoming increasingly disgusted by increasing property taxes and tolerance to criminal behavior) If the state/city government wants to go down this road the FIRST thing they need to do is offset this absurdity by offering some sort of property tax compensation to landlords. But of course that would never happen because the city desperately needs every tax dollar to ensure all the migrants are housed, clothed, and fed.
The saddest part of this is that there are people still living in the dumpster fire called NYC. Do 8 million people really not know they could move to a better state, and pay 1/3 the rent?
If I left Manhattan (not just New York, but Manhattan itself) I'd lose WAY more income than I'd save by moving. So...no. People aren't stupid, they know that cheaper rents and nicer environments exist, but here is where the jobs/clients are.
this is an ecxcellent example of what they are trying to achieve. the reduction in properties for rental purposes by making it hell for you to make it an addition property
I am a born an raised New Yorker and I used to come to Cash's channel to look at apartments, he even came to the apartment next door to mine. It was so much fun. I have noticed that he has taken a "the city is burning" turn to his content. As someone who has lived here for 56 years, NYC is just fine. Both Cash and his spouse are transplants to our city, if it is not his cup of tea there are 49 other states to reside in. I have a feeling this new content might be bringing him more money than showing apartments. Shame on you Cash. By the way Cash and his family live in one of the nicest neighborhoods in Brooklyn.
Smh I knew he was a real New Yorker because real New Yorkers know better 😂 and you can tell the people who are buying it are not from here so they don't know that he's playing them 😂😂😂
I'm an East Coaster who's lived in Brooklyn for 11 years, lots of my friends are native New Yorkers. it's less that "New York is burning" and more that it's gradually become a harder place to live as a result of Bloomberg and him effectively making New York for sale ie. gentrification. two of my friends, a couple, who are native New Yorkers and gainfully employed (above 6 figures) are looking to buy a house in other states that aren't NY because it's so ridiculously expensive here. a brownstone around the corner from me sold for 1.6 M-in Flatbush! to deny that real estate in this city is an absolute joke is... delusional. NYC is far from just fine.
@@__cypher__ I don't even care about the grammar, The point is clearly made. Must suck to be so miserable in life you have to be the grammar police online. It's the internet, Not a thesis. I didn't even correct grammar, I removed a sentence.
No help for renters either took me 220 days to find a new apartment. I pay 2885 to live in a shithole by the airport. Not to mention the apartment is outdated and has leaks and broken cabinets 😂
We live in the Borough, and it’s not bad. It all depends on where you live. We would not have problems renting to the right person…However, we are traumatized… Also, at present, we are not renting… we don’t need the headaches… we had a tenant… she lived with us for over 10 years and the rent raised once. And of course the damage of the apartment… It cost us money and headaches. We don’t need that trouble… No thank you renters… You stay in your corner, and we will stay in ours… The Government is hurting the renters… Stabilized rent, stabilized taxes. The law should be, renters don’t pay…landlords don’t pay taxes… What a System! Yahuah is coming soon. This earbb tv h belongs to Yah! Not man!
This is why I bought my son his own apartment so he wouldn’t be throwing his money away to pay rent. His friends are throwing away all their summer internship pay on renting horrible apartments. If you’ve got the money buy something - even a studio apartment. Let your kid pay the monthly maintenance charges while he is building equity. (The maintenance is much lower than the rent). Also, if you buy you get a tax deduction on the real estate taxes which are included in the monthly payments
Landlord here. Please know that this makes it harder for anyone to get a lease in the first place. Because what am I going to do? Raise the standards for who I rent to in the first place.
Sorry bud, but that's sounding mighty racist of you. Now you're going to be forced to give it to some aspiring rappers or bus full of migrants because discrimination or something.
That makes sense. I live in a crap hole in the hood. I have good credit but didn't have the 3x times amount of income that is usually needed. Honestly who with that amont of money would have lived ware i do anyway though. 😂😂. I have always paid my rent and all utilities on time even with the 100s of dollars increased each year. My point is , is if you have these things pass than people are more choosy as you stated than i would still be living in motels with my kids. It took me forever and going in a crime filled area in the hood to a slum loard to be able to get an apartment. I do think a better idea someone mentioned taxs or fees not going up for landlord s than hopefully wint go up for us as well. I can't take any more rent hikes myself .
Not to mention rewrite the leasing agreements so that you are no longer responsible for unit maintainance or uitilities of any kind. Broken dishwasher, sorry. You're responsible while leasing that unit. If it breaks it comes out of the leaser's pockets. Lights aren't working, hire an electrician. You want low rent at the owner's expense, leaser's can cover the maintainance themselves.
They even reduced the ability to run basic checks on applicants, so LLs can't even have a better understanding of who they're renting to. Capping rent = can't adjust costs with rising interest rates, more buildings foreclosed on, no incentive to build new buildings, vacancy rates remains low. As for bad tenants, they're forcing LLs to almost take violent and physical action to chase them out. You're better off fighting an illegal eviction off in court since that'll take 3 years for the shit tenant to get a court case anyway.
So basically, there’s no private property in New York anymore. Everything is controlled by the state. They dictate what you do with your stuff. How is that legal?
Why do people stay in expensive areas like that? Like just go visit. They have value because people are stupid enough to wanna pay for it. Heck I moved out of Atlanta to smaller city to have lower prices. I will visit if I need to.
No rent increases, despite massive inflation? 1) Squeeze out non-corporate landlords. 2) Landlords sell. 3) Corporations buy. 4) Rule get changed back to benefit the corporations.
Good. It's only once we have all been put on the same level that we will rise up. This should speed that up.
Wait you would think them dummies at least would raise the rates of pay so ppl could afford the increase in rent increase in inflation...while no increase of pay for folks living there to meet the price hikes of the rental units etc
and WE will own nothing and be happy -
You left off 5) politicians receive payments from corporations for their services
@@cosmicllama6910 nope. it wont. everyone was wearing face diapers, getting jabs, locked up at home a few years ago. oh, and also getting a substance in their body without knowing its side effects and content.
New York is proving the fact that you can’t fix stupid.
It's like watching a city implode by it's own actions , and every time they change laws to try fix things they actually just make things worse!
No TRUMP is proof that you can't fix stupid.
California*
@@karlagreen6310 You can't evict Trump from your head. He lives rent free there.
@@karlagreen6310seek help for your derangement syndrome
NYC is forcing middle class and lower class out.
If you own two properties in NYC you are in the top 0.1% of Westerners and in the top 0.1% for global wealth. You are not middle class in NYC if you own a home or building. You are DEFINITELY not middle class with multiple.
This is the truth
Lower class cannot even afford rent. They earn less than rent costs.
Gentrification
@@flyandshy00 Bullshit. They just can't afford shiny nice little condos. All my young cousins moved to NYC and are found basic apartments rather cheap to be honest. Key is they aren't wimps who need a safe space...not eve a key fob to get in, imagine the horrors.
$4300 a month being cheap is laughable. Even if I were making 6 figures to afford it, I wouldn’t want to stay in a place that looks like that
Shit I pay $1900 a month for a 2 bedroom and make 6 figures and it ain’t easy paying that. 4300 would kill me.
@@Will_Bx_NYC_718 You have to get your other debt down then. That should be easy on a 6 figure salary. I make less than half what you make and easily pay $840 per month house payment with around $600 a month left over to invest. I do have a jeep wrangler car payment as well but no other debt aside from that. I never eat out and am careful with electricity and water use.
They move a dozen in a one, one apartment. Spells disaster!
Facts brother it's just an ego thing with people it has nothing to do with quality of life ,it's all about bragging right if you have ever bin on the ground level with people in network that state is one step above California suffering the mental health in New York is beyond scary
But the train is 10mins away....
NYC is a circus in a sewer.
It's a giant tidy bowl, drain keeps circling.
get out NYC, move to west ( or east ) virginia !!
@@billshepard6664 , thats why there is a "FLUSHING" NEW YORK !
🤣🤣🤣🤣🤣 . . . you're absolutely right!
dang, thats bad.
New York should be a glowing example for what the world should NOT be doing.
I mean... when a die-hard smoker's cigarette lights their couch on fire, which burns the building down, which catches the block on fire, and spreads to the rest of the city, NYC _will_ be a glowing example...
I live under strict rent control. No homelessness. Landlords are all still the wealthiest among us. Why do Americans seem to love to bend over and get rammed by those already thriving is beyond the rest of us. Keep taking it hard though.
California would like a word…
Democrats= Disorder Disater
We are taking notes.
Regards from Sweden.
New York City is a nice place to get the hell out of
The more people who move out of states like NY & CA the LESS money they collect or can steal. Money talks...
😂😂😂😂😂😂😂😂😂😂
💀💀🤣🤣🤣
😂
The enemy is not the landlord or tenant, the enemy is the government and their laws
Also the enemy is out of state investors
What if it's a company that's out of state... Who says the owner is even American or aiming for the tenants to do well.
Maybe they want the bump/boost to their income
....who are having dinner with corporations oh yeah at a nice restaurant.
They are too ijs
If they are banning evictions then they should be banning tax increases.
NYC doesn't want landlords, the government wants to be the landlord.
Sounds like this is where it's going.
Ya, and Black rock. The black rock lobbiest paid our politicians to enacted these laws to help them out
you figured it out huh? Lol NYS is the pilot program for subsidizing property; private ownership of property will be a thing of the past.
How much is this money is Mayor Adams and his cronies shove it in their pockets
Hahahahahaah They want to let the buildings to be knocked down
NYC DOES NOT want to be saved. Leave!
FUCK THAT, don't leave, fix the problems you voted for. @BM_718, are you crazy, we don't want New Yorkers to fuck up other cities because they never learned that their votes matter.
Feminists love to ruin good things and change it how they fantasize
Most big US cities do not want to be saved. Believe me. They look shit and stuck in the 60’s
This also can be viewed as a good thing because land lords could sell their apartments so some people could buy a house to their name.
But i know renting a house is easier
This whole renting apartments are too far gone
Nope
New York literally gets stupider and shittier every hour every day.
Actually the 70s was the worst
When did you get back from vacation? You’re just finding out. They got part of this idea from Clownifornia.
@@eddie10191 He was stating it just keeps getting worse.
@@eddie10191 NYC is the best place in the world. I lived in Massachusetts,in New Jersey, Colorado. I've traveled all of America. NY C is the best state.
@@cynthiarivera7975its probably the dirtiest next to houston.
This outdated 2 bedroom micro apartment worth $4300?? It would cost $430 in Russia. Fully furnished.
I agree its outdated
7 dollar per hour minimum wage? That will be 50 cents in Russia
Saying something against government officials? That would be 7 years in solitary confinement in Russia.
Perfect recipe for Blackrock and Vanguard to pickup all these properties for pennies on the dollar and no more regular landlords. No coincidences here. Its ALL DELIBERATE!!!
He got that part incorrect. There's not going to be less landlords or incentive for building. There are many construction projects happening as we speak. They're just going to be less mom and pop landlords, such as myself, who already can't take the brunt of the many other hurdles we face yearly.
What is the end game here? What happens when Blackrock and Vanguard own all the sh*t properties no one can afford to rent, and all the jobs and businesses are gone?
@@larryg235 last year alone over 10k chinese multi millionaires ran from china guess where they moved to
Yup
@@larryg235 universal income/social credit scores/enslavement.
Quit electing incompetent politicians!
They're not incompetent, they know what they're doing and benefiting from it. They just don't give a fuck about you. That makes them dangerous, not incompetent.
It’s tough when most of them are dumb
Demonrats
Name a competent one.
how is it incompetent? Lol majority of NYKers are renters. This is to their advantage. The politicians are literally getting laws passed in the interests of the people.
$4,300/m is considered affordable - that's insane!
Our 15 year mortgage on over 5 acres and 2000+ sqft is less than half of that. People are nuts.
I have a 4 bedroom house on 1/2 acre .. mortgage is 750/ month... Granted it's bum fucked Montana...
I have lived there for 12 years and I have never locked my house or car...
@@DynamicSeq I would love to live in BF Montana. I think it is beautiful.
They have way higher income compared to other places.
@@glynnhebert7573 I'm on the flat part in the east.. No mountains.. But wide open spaces..
I'd rather live in Antarctica than rent a rat hole in NYC
They are preparing us for "you'll own nothing and be happy"
I definitely agree
Same thing I was thinking right away.
Exactly.. That or it's really a trick up their sleeve. (Creating a "Reds go to war with the Blues" situation.)
Naturally while playing both sides behind the scene and making all the money.. per usual.
The " you own nothing now " has been tried many times in history, successfully too. Its the be happy part thats going to be tough. Still I am touched that Claus Schwab and friends are concerned for my happiness.
@@lemerdtool This time it will work though.
Could not pay me to live in NY even rent free
I feel the same way. Just watching Cash's apartment tours makes me sick to my stomach. In most cases, the $5-6000 apartments *start* to be enough space, but even then you're looking out onto just a bunch of bland, dank concrete in the best of cases.
And then there's all of the government intervention crap you have to deal with!
And you could not find one new yorker who'd live in buttfk hickory dickory dock rural zero town. Not one.
@@stoneneils Lol tell that to all the fucking yanks who moved down south the past few years
@@stoneneilsyeah that’s why tons leave to move update any by me where it’s the country.
People are happier in nature instead of prison camps who would hve thought. Cites are for people who are needy and helpless. No one would rather watch homeless dude kissing pissing and shooting up than see deer and hear birds and no strangers screaming or traffic all day. Live in the city is for herd mentality people. Always has been.
@@stoneneils I bet you could. Many have already done just that. The place is bleeding population. If/when the supply chain collapses those who stay will be having some big problems.
It's almost like politicians should be required to demonstrate a basic understanding of economics before being allowed to pass laws.
Like they say, if liberals understood economics they wouldn't be liberals.
we are witnessing a dying empires last gasp, it’s kind of incredible.
@odoylerules4503 you mean the country or new york?
The average and below average of intelligence will always be the majority. And they vote for someone who is like them.
Politicians giving the government laws, the ability that control every aspects of people's lives. Why do New Yorkers want the government to control so much of their lives?
Crooked walls, lousy, paint job, cheap gas stove top, stripper pole in the bathroom, not exactly what I would call an apartment worth $4000 a month. Thankful my Georgia mortgage is about a quarter of that. Blessed I got out when I did.
Hey I grew up with a stripper pole in the bathroom in nyc 😂😂😂😂😂
The Government: "If you hate the problems we cause, just wait until you see our solutions."
The Government: We want you all to leave, so we can build a New-New York City.
Ouch,both sounds awful. Hopefully, I won't move to New York.
@@juliemesser2053 It's coming to a town near you, too. Count on it.
@@mangotail6808 and they will fill it up with foreign criminals who will eventually be given the right to vote in elections - this is where their true value comes to play.
BINGO. The goal is communism world-wide.
Look up the WEF's 2030 Agenda. That is what is happening
A tactic to crush the smaller landlords. Once the major players buy up enough of the rental properties, they will change the law.
Yup
@@rayvnstevens thank god there are other people in this country that past the second grade. People need to wake up.
Exactly is a WAR on Middle-Class and the People dont even Realize it..
😢 so true
Just like Covid. Remove the middle class, only let big businesses stay open, and give them their market share. Almost every small business owner I know lost everything during Covid. These commies want to own everything, and turn us all into employees and laborers.
I look at cities like NYC as a social experiment in how much people will tolerate before complete anarchy and revolt. What is it going to take to finally get people to stand up for themselves?
People are 🐑
RIGHT!!!
Intelligence and passive resistance. Nothing else can succeed.
They can't, because living there already forces one to be like a "robot"; there is no such thing as easy living unless person comes from wealth or do illegal stuff. One could work every day and still have no money
Americans are sheep. Remember what the government did to Lahaina. The government can do anything it wants nobody in America has a backbone.
What nobody is talking about is that for 30 years the landlord has been collecting money and never once thought of reinvesting in the property, instead they just spent the money and they wanna cry about outdated Apts. It's all cap!
The appliances looked newer than 30 years old though.
I genuinely believe that someone is manipulating this for their own profit. There's no way this is the best solution they could come up with
Eventually the small time landlords will have no choice but to sell all their properties at a loss to a corporation like Blackrock. Once they own everything all the restrictions will be rolled back just in time for them to cash in.
@@ryanorr3717not even that they don’t need to renew the lease. Just give it to someone for 2k more
Blackrock.
Don't chalk up too malice what can be attributed to stupidity. People are stupid.
Nah leftwing always choose the easy way out.
I'll never understand why anyone would want to live in a hell hole like NYC or L.A.
Me either! I was born in Brooklyn and my family moved out (of Queens) when I was going into the sixth grade. I am forever grateful to not live there now! Today I live in SE PA and as I sit here in my little office in a spare bedroom I can look out at rolling acres of green space & trees.
True- but how far would you have to drive to see someone twerk?
@@OwenHooper-mv4fmHe can just take Septa to Downtown Philadelphia.
I don’t understand why regular ppl do either. But I know plenty of ppl that moved there bc of the benefits like free housing, food, utilities, and transportation.
I'm from NYC lol hellhole 😂and I'm in NYC almost everyday work ,school my families siblings and children and my grandchild
You can't allow cities to jack up property taxes and not allow landlords to adjust rents.
property taxes should not exist in the first place
Or evict. It's run by democrat politicians to control everyone's life, their income, their assets, etc. Why are New Yorkers putting up with this?
some Facist/ venezuela shit
Sounds like a fucked up cycle
Property taxes don’t even make sense.
I'll keep my 650-sf apartment in Louisiana for $850.00. My complex consists of 750 units and occupancy is 97% only because the other 3% are being renovated. You couldn't pay me to live in NYC.
$850 rent in Louisiana? Is way too expensive.
I got rid of my rental property. Why anyone would be a landlord today is beyond me.The laws protect the bad tenants.
Yeah. It is not worth it.
Hey, do you remember the movie Robocop - when the powers that be were inciting riots and deliberately increase crimes in the neighborhood to lower property prices so an evil corporation can buy them all up?
Maybe that's what is happening in the US.
Or just plain old buying votes of dumb people.
this is what they are hoping..
the great reset has been written,
and YOU and others are the outcome of what they intended all along..
"YOU will own NOTHING, and be happy"!
Depends on where you live. Some States have reasonable tenant-landlord laws and haven’t completely lost their sanity.
Exactly!
@@brawndothethirstmutilator9848New York isn't one of those states!
No rent increase, no repairs. No rent increase, don't increase the property taxes on the landlords. This is just another scam to fleece the middle class landlords.
wait, you're not a rich company that somehow owns multiple building who gets a deal with government to house migrant at an insane margin? Well tough luck.
So the ones that own hundreds of millions of dollars in property are middle class? Odd
Middle class landlords😂
ANYONE can google and see this is a lie, 2 year leases were increased by 5 percent a few months back. this story is just a lie
@@managarn8038 its ok, the story is a made up lie
New York has become a joke.
New York and California! The Democrats are out of their minds…
*been a joke
This country is a joke!
Any democrat controlled city.
No, Loser state😂
I live in California. I have a Housing Authority choice voucher. The new landlord raised the rent double and HA couldn't cover the increase so the landlord kicked me out with my son. I had lived in the house for 12 years without any problems. I payed my rent on time and my own utilities, and did all the yard work myself. The house was also freshly painted by me, and well taken care of. The house was pretty small and old, it belonged to a sweet old couple. They were pretty old too, and in bad health, very kind and caring, but due to their bad health, their nephew took over and raised the rent. I was told that I could stay if I paid the full "market price". But I couldn't afford it. It took me 6 very stressful months to find another place I could afford and it was 12 miles outside the city in the middle of scorching fields. It was awful hot in the summer and in the winter we nearly froze, we had to sleep with full pajamas and a beanie on our head, listening to howling coyotes all night, and that's just part of the problem. Housing in the USA is deplorable if you are disabled, have children and a low income. It's such a basic human right, it's not a privilege.
I disagree. Housing is something that you procure. It is not a right, it is a responsibility, especially if you decide to have children. Children have a "right" for you to provide housing that you must "procure" for them because YOU made a decision to bring them into the world. Again, it's your responsibility. Most people get the housing they need by working hard, getting the required education when young or the vocational education they need to succeed and "procure" the housing they want or need. Obviously, instead of that, you relied on a nice older couple to keep providing this house to you at a low cost. YOU, never considered or planned for the day they might die, turn the home over to family or sell the home. That's on you. Sorry, but those of us that plan towards the future and work our asses off to get where we need to be see nothing as a "right" except those provided by our constitution. God gave you the right to live, but how you do that is on YOU and you alone. You have tons of options, use your head.
@@carlgriffith4660 ok boomer
@@shauryaaggarwal8141 ok gen loser
Basic shelter is a right for all humans wether you have children or not. It’s wrong to assume that people who can’t afford housing are in that situation because they are lazy or uneducated. Sounds like a typical capitalist statement to me sorry.
Housing is not a right according to law.
However, the nephew sounds like a douche. That was a dick move. He displayed no business ethics by evicting you. He failed to uphold what sounded like a healthy business relationship.
He'll get his. You can't treat people like that without it coming back to you.
I hope you and your son are doing well now
So the government can raise your property tax because of sky-high prices but landlords can't raise the rent. Ridiculous
Ahhh you’re seeing the scam now but choose to participate
landlords will not be able to pay their taxes and will default, the city will take over the properties and will then house all of the "new arrivals"
It's ridiculous we can't say who they really are
Illegals you mean
That’s the plan. And what’s left of the tax payers will pay for that
Exactly what I was thinking.
I feel like NYC government is knowingly choking its own city so long time locals would leave. Of course Mayor is not gonna say it to the public, but his trying to create a whole new Alternative NYC
It's fascinating to see how creative NYC Democrats can be when it comes to destroying their own city.
It is all by design
Right!?!?
Its a great city, that's why you're here talking about it. :)
@@stoneneils I bet that sounded really smart in your head. People also talk about things like Covid, the Holocaust, or FGM. By your logic they are also all great because people talk about them in comments.
@@stoneneilsyeah sound logic there pal. So when we speak up against the perverts, you’re answer is it’s a good thing that’s the only reason we’d show up to talk about it? Cult much?
It feels like the mayor's thought process is "hm what will destroy Nyc fastest?".
Billionaires and homeless, the NYC way, disgrace of a city
The millionaire/billionaire landlords are responsible for all the homeless along with corrupt politicians and judges who aid and abet them.
@@dragonf1092 Idk, the few middle class New Yorkers I know vote democrat against their own interest imo. The democrats did this...left + time = hell.
That's a Hive City for you.
They're cool in Warhammer 40K but they shouldn't exist in the real world.
Just imagine China.
@@michael2275
that's exactly what their plan is
the middle-class uprising on Jan6th scared them to death,LoL✌🏾
Nah, millionaires and homeless. The billionaires are on my side of the Hudson River in New Jersey. Got two of them in my county 👍🏻
Makes me wonder if Black Rock is standing behind a tree somewhere rubbing their hands together & laughing maniacly.....Remember, it won't be long before we "own nothing & we're happy"!
This is good, it's only once we've all been reduced to the same level that we will finally rise up.
The fact that some of us have been able to be landlords has kept the working class divided. When we all own nothing we will finally rise up.
@@cosmicllama6910 You're spewing nonsensical marxist hogwash. We've all heard it before and none of us are buying it. Except for the brainwashed. Communisms never worked and it never will work. So put a cork in it, Skippy.
Definitely, this isn't a gaffe, this is to create cheap property so a corporation can come in when landlords go bankrupt.
@@cosmicllama6910bot
What is it about this term that yall like repeating it so much? Also, do you even own anything at this point? 🤣
I don't understand why these $4,000 apartments feel like they were built over a hundred years ago. These places aren't worth that much money. They don't even seem to have central heating and AC. Wtf?
Property tax….etc……
They are not worth 400$ a month, but idiots will be idiots and pay into this delusional trend of sucking every dime from a person for "rent" on something they will NEVER own. It is like the old saying goes, "You can't fix stupid".
Greed
@@SunShine-xc6dh And its not greed to want to pay as little on rent as possible?
Value is what someone is willing to pay. It they are not worth that much, then they will sit empty until the asking price is reduced, if they are worth that much, then they will get rented.
Holy shit!?!? That 2 bedroom apartment is $4,300 a month!!! That's insane. How do people who live there afford utilities and internet? Nevermind food. Imagine living at this place but you can't afford to eat, so now you gotta go to the soup kitchens just to eat a meal. This is just crazy.
Scariest words ever…”We’re from the government and we’re here to help”!!!
To hell with New York now they want to tell you what you can and can't do with your own property who's ever writing these laws in New York needs to be thrown out of office
Sue!!!
Why does no one challenge!? This is where their confidence cones.
We can't bc if we do, this will spread across the country!
This has gone too far and needs to be stopped!
ASAP!!
It will only be this way long enough to cut out the landlords who own small duplexes, small apartment buildings, etc. Once they can not pay their taxes they will lose ownership and a big place prob China will come in and buy the properties which then the laws will be changed to allow throwing out those that haven't been paying rent. Trust me those not paying rent will not see thing like that forever and when things flip they will be brutal.
Who is writing these laws? Fascists are.
@@irritatingtruth9121 legal costs hurt far more when both sides of your pockets are touching. I really think that people would like to challenge these policies, but with what money? Most lawyers wont work pro-bono
LETTING them fall apart???? They already are falling apart. Disgusting how 3rd world those places look. Never, and I mean never would I live in that filthy city. Razor wire, security grates, graffiti, trash piled on sidewalks, disgustingly dirty sidewalks, rats, roaches…. Nope, never, not even for a million $ a year paycheck.
The graffiti is good learn to respect the art
Doesn't look great, but really? You wouldn't for a million a year? I would in a heartbeat!
You've clearly never seen Madison Ave. Nothing "filthy" about it, except filthy rich.
@@tommyboy7427 Nope. Even though I could afford a better apartment, I’d still be n NYC.
@@peaceisking3993 Looks very third world to me…
as a land lord, if i can't raise rents or collect rents.... I'm not sinking any new dollars into upkeep or improvements
Then u get sued or fined bc of liabilities…. Anyway that’s the day I throw the towel n pick another city or profession
I’m a renter and I agree with you.
As a landlord without an empathetic bone in your body, consider a job where your choices don’t affect the livelihood of underprivileged populations!
@@alltooleah blame the government for the out of control rent prices, not landlords just trying to pay their bills. This state has stripped landlords of basically all their rights and continue to screw them over. This is tyrannical and I stand with the landlords
@@alltooleah Let me know when grocery stores, gas store, auto sales stores, etc etc. get an "empathetic bone" 🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄
Something similar recently happened in the Netherlands: against advice from everyone, the ministers went through with a number of changes: rent control got extended into mid-price rental properties, temporary leases are no longer allowed, stamp duty on commercial properties got increased to 10%, and income on rental properties are taxed more heavily. The responsible minister repeatedly said he would be "choosing the side of the tenant every time", and he did.
Result: most landlords sold up, *ALL* investors in new rental properties pulled out, and conversion of old office buildings into rental studios stopped, and tens of thousands of tenants are out in the street. For one simple reason: a savings account will now give a comparable return on investment, without the risk and hassle. And even if the new government rolls back some of these measures, no investor is going to return. They got burned once, and once is enough.
My properties sit vacant until my children are old enough to mov into them. If I am forced to sell at some point between now and then, it will not be on the MLS but privately and likely in cash. I’m not going to be treated like a criminal or the problem when I’ve eaten $10’s of thousands in losses from bad, destructive, non-paying tenants and just take it on the chin. Now I choose to be part of the problem, but at least my children wil have their own homes.
The rest of you can pop a tent behind Walmart for all I care.
That looks calculated. Someone still made money from that and it's not small landlords who usually spent years saving.
@@apersonontheinternet8006have you considered just not being a l*ndl*rd?
@@apersonontheinternet8006people like you are 100% the problem. Cruel, devoid of empathy. So disappointing.
This is a very interesting case study. I’ve always been against too much government control over the market and this and many other stories prove government regulation is not the answer
$4300 a month for that tiny apartment is "affordable"?! These videos remind me that I'm too accustomed to southern prices to live in NYC
Idc if I was making $20k a month. For RENT???? F dat
@@SasaSasa-wy9wu For real lol, Im currently apartment shopping and I won't even look at places that are more than 1500
Southern rents are no better. No place for lower income to be able to afford.
every state is turning into this. If this keeps up, 75% of the population will be homeless. But migrants, they will have an apartment, while Americans sleep in the streets.
4300 is not affordable lol
NYC has become a festering pile of crap.
They are a testing ground
A nuclear testing ground
A literal dumpster fire on top of a train wreck......
@@fatherpaulstone896Yes.
Actually it's just turning communist.
Live in small town rural nowhere NY... Illegally evicted with the judge refusing all evidence & arguements bc the owner is a member of same small church & b4 the hearing officially started the judge spoke on having breakfast with the slumlord the weekend before... Sickening to have wealthy use grants & NYS to buy up property never do zero improvements & in fact make unlivable conditions like living in a barn surrounded by cobstruction that had zero daily cleanup for over 2yrs while having the only electricity turned on in the old 3 story building so the pipes freeze. Never once did i pay rent late let alone miss rent but as soon as i voiced my concerns about health & safety to the local officials i'm served eviction notice... The helplessness & injustice you feel at being wronged bc of money with no morals io ethics attached is sickening, saddening, & disheartening. My heart goes out to those facing injustice & a system turning blind eyes.
Have you tried getting a pro bono lawyer
I have no idea why anyone would WANT to live in NYC.
No rights, crime ridden, insane living costs, terrible commutes, gotham level politicians, crazy taxing.
the internet already exists.
Anybody who DOES want to live there should be forced to.
I'm from NYC born in Queens and raised there I left but still work in Rego Park other states pay is low and offer no health care coverage my job does
I’M NEVER LEAVING NYC
@@toytoy1427you should. It's not healthy there.
Other places are going up to. And some people cant afford to move. Some work 2 to 3 jobs@@fastonfeat
These "law makers" know exactly what they're doing and are setting things up to line their pockets as per usual.
Meanwhile, in Argentina, the President recently removed price controls on apartments and the result was that apartment prices went DOWN, because of competition. The NYC government knows this. So why did they pass this law? Think about it. When the crisis becomes so bad they only way to solve it is direct government control over apartments, that's what they'll do and gain more control.
They are already talking about Government owned grocery stores that will replace the ones that went out of business due to shoplifting. Eventually, we will be a capitalist country in name only.
YOUR KING IF YOU CONTROL HOUSING AND FOOD !
$4,300 for rent for a place that looks like THAT is absolutely DIABOLICAL! You can literally get a house, townhouse or condo for WAY cheaper than that out here. Omfg. 😩😩
New York City keeps getting worse more and more everyday.
Yea if you keep watching these videos 🤣👉🏾
NYC is improving, it will be great for everybody soon
@@JasonEdwards12that is laughably untrue
You dont know what you're talking about
Last time I checked , under this administration, every average person and families are doing a lot worse day by day in this country.. it's not going so great in my neck of the woods...
They want to bankrupt the owners. Those buildings will then be bought by BlackRock or some developer. They will then either knock the building down or do something else. This is a long term play. Likely 10 years NYC will absolutely be a crazy place that is unrecognizable to former residents.
Good, it's about time they get rid of these ugly outdated buildings
@@VENOMEVOLVED-nq5wzor, Blackrock becomes your LL and they can afford to have units sit empty which means higher rent. People don’t know what they’ve got til it’s gone
Exactly
You are clueless dude
@@RoseanneSeason7 Oh tell me more!!!
I’ve never seen a bathroom with a dancers pole in the middle of it for only $1050 a week 🤭😂😂
@@dangalanga6941 That's what's holding the ceiling up.
Did you see where they put the TP holder?
😂😂
so if the landlord raised our rent last fall, and our lease is up but we are still living there month to month, are you saying we don't have to pay rent period??
Hey NY vote the criminals out of your local government!
They vote them out then vote for someone just as bad, or even worse, if the votes are even being counted correctly at all.
They aren't smart enough.
They started with Trump😂😂😂😂😂
@@metadegenExactly
democrats just got voted back in...
When the government begins protecting squatters, the landlords stop renting. It will become very expensive and very difficult to secure a roof over your head if you seek to rent where squatters have more rights than you. Ask a Venezuelan.
$50,000 to clean and paint an apartment that doesn't make any sense.
It sure doesn't. But think the price is so high because it's out of code since it's been occupied for 30years. I imagine the city will make you jump through hoops. And then if I understand correctly the landlord can only raise the rent x amount of dollars.
@@alucardsucks123 so the root of the issue is the politicians that they keep voting for. New York has been blue for the last 30years
depends on how nice you make it
Increasing minimum wages means specialized jobs demand more money, even mechanics charge 120$ an hour for just labor, electricians/plumbers/drywall/ECT, they all have their hand out asking for increased pay to cover the oversight because let's face it businesses sole focus is on making money, not losing it@@alucardsucks123
I'm pretty sure it's just how insane the price for everything is in new York. The painter is prolly charging 10k plus 10k bug removal etc etc
Never thought about installing a pole in the bathroom for my girlfriend to practice with. Thank you New York!
$4300 rent you must earn at least $174,00 per year.... What in hell kind of jobs are these people in NYC working? That's absolutely an insane amount of money. The national average salary is like $59,000 per year. Maybe if ALL the renters went elsewhere to live.... the city would finally get it.... NYC is so out of touch with the rest of America!
I have seen up to 20 people living in one apartment. That's how they do it.
my wife is a public school teacher and makes about $115k. I'm a CPA and make about $200k. Literally the only reasons we're staying is because we bought a single family house during covid with super low interest rates and the fact that this is where our professions would earn us the highest salary.
Starting to wonder if it's worth it anymore. The city is definitely on a downward trajectory.
much like California
8 migrants are willing to pool resources, trust me...Mexicans came to my block barefoot in the 80's and they own businesses and houses today...our indulgence and convenience has finally come home to bite us in the hiney
@@Anthony-fc4jlbingo. Sounds like you needs to move and save those incomes. My husband and I combined do not make your wife salary......however our living costs are low and we live in GA in the country. I make 30k a yr. My husband makes 55k. But we save money 😂
I can't remember where it was but, to make it short, here's what some investors did:
They bribed the law makers and made them freeze the rents, not allowing landlords to increase the rent. The landlords stopped making repairs and to invest money in their properties, so the tenants slowly moved out and the new tenants were poor people who didn't mind living in a poorly maintained place, as long as they could afford the rent.
After a while, most of the people who lived in that area were "poor people" and the people who owned a house and lived there didn't like to live next to these new neighbours, so they decided to sell their house and to move but... no one wanted to buy and live there, so they were forced to decrease the price and eventually, the whole neighbourhood became a "low value area".
This was all part of the plan! Investors were watching, waiting for the right moment to buy these houses and when the price was low enough, they began buying all the houses, tore them down and built new, luxury apartment buildings. Then, they spread the "news" that this neighbourhood was now "clean" and ready to receive its new residents...and it worked!
These investors were smart and patient. It took a moment but eventually, middle- to high-class people moved in and the investors made a HUGE profit!
This isn't new, it has been done before, so I wouldn't be surprised if some of the people who make these laws were corrupted by some investors who are planning to do the same in NYC.
💯
That won't happen here, darlin, to many factors at stake. Too many fingers in the pie, too much need to "control". All logic goes out the window.
Except, now it’s global conglomerates with the goal making sure you “own nothing”, not even the home you live in.
Seriously, what is GOOD about living in that city?
Diversity isn’t worth all of this.
Good restaurants aren’t worth all of this.
Broadway isn’t worth all of this.
None of the alleged benefits the city claims to offer are worth all of this.
Hey, if you haven't experienced a drunken homeless person urinating on your shoe in plain sight of an ambivalent cop while you're waiting for the subway, you'll never understand the joy of living in The Big Apple.
I have been watching this channel for a while and it used to be full of people defending NYC stating that it is like no other place in the world and now I never see any comments defending the city.
It's a liberal paridice
Most people who live in NYC can't afford any of those things
@@markadler8968 What are they going to say?
So for all these years, renters have got the shorten of the stick and now that landlords are going to feel that feels like now it’s a problem, but it wasn’t a problem when landlords were kicking out perfectly good families.
Landlords kicked out people who did not paying their rent. During and after covid the gov. allowed people not to pay their rent and gave them stimulus checks. Tenants not working got bored and bought flat screen tv's instead paying rent. Landlords got burned badly with no help from the gov. Now there is a backlash with high rent to make up for what was lost. Now in NYC tenants can't be evicted even if they don't pay their rent. Landlords get burned again. Good tenants pay their rent and take care of the property not trashing it. They are welcomed.
Judge: do you have a good cause to evict?
Landlord: Yes, he doesn't pay the rent.
Judge: I asked if you have good cause to evict? I have not heard a good reason yet. 😂
Judge
"Sounds racist, guilty."
@Gee_Morty.. Commie clown, the property owners will.
@Gee_Morty..Found the tenant that doesn't pay rent, and you can be named. Your name is d u m b a s s .
Landlord: He is a straight white cisgender man who supports Donald Trump.
Judge: Say no more. Eviction granted.
I say this in jest, but I fear that may actually work in this far-left city.
Like Kevin O’Leary said, No businessman will build or do business in NY after the trials of Trump.
its weird they hate the law abiding people but simp for criminals
…haha ok keep listening to Mr. Wonderful he is a Trump mouthpiece. The investors will just buy out the buildings kick the renters to the streets and develop more condo’s…ohh wait that’s what the orange fat goblin Trump did in the late 80’s🙄
Sham trials
@EpicwinFTW27
👍🏼🤪
@@Theaverageazn247 to the woke left, they are all just victims and all the successful people are inherently evil... sounds like mao's communist china
$4300 for that apartment. Cheap? ... wow, wow, wow.
The average rent per month in Moscow is about... 300$ approximately. For one-room flat, however...
Disabled Veterans don't even get that much. But illegals get free housing
well, if 4 people split it ?
PASS!
@@LannieLord monumental cope.
One of my best decisions in my life was leave NYC 20 years ago to a nice small town in the midwest, people in NYC remember is other places where you can live better, good luck.
There are tons of available apartments in NYC but they are not affordable.
Because laws like this keep making taxes, fees, and thus rent go up and stay up.
Well, NYC property is valuable. You have people from around the world investing there.
Availability is 1.4% bro
@@soul1d Very true, because how else are the democrats going to have all that money to spend on migrants? They are not cheap you know! That's why Blue cites have the highest taxes and worst rents!
@@Xepentthere are more than 95 mil square feet of empty office space in NYC. Less than 1% is a jooooke
The worst place to live. They are crippling people who are trying to make a living while hoping the super rich take advantage when the landlords have to sell. Banning evictions is the craziest thing I have heard of.
The "people" elected the leaders who are doing this, the "people" are doing it to themselves thinking they are getting something without a consequence, their wrong, but it takes time and the "people" are often very short sighted.
Anyone that wants to leave is going to have problems now because now they have to exit taxes that most people aren’t gonna be able to afford…
So now people are stuck without anywhere to live, and people are going to start the apartment instead of leaving and being homeless
Hmm sounds like a taste of thier own medicine. Ridiculous rent cripples people just trying make living by those wealthy enough to have purchased the property to exploit them...
@@scottperry7311 we are ALL NOT DEMO HELL NO BUT YOUR RIGHT
Us midwestern folks hearing $4k a month for rent, I'm just figuring just how big of a house I could build for a $4k a month mortgage. 😂
Don't say that too loudly, all the slime will want to move out your way and destroy everything 😅
@@XxowendanxX Too late! They destroyed these Cities and cheered when these real estate backed politicians made these outrageous laws then fled. Look at Texas, Georgia and Florida currently.
4K mortgage would be in the $800K range. Where I live, that would be mini-mansion level pricing e.g. five or six bedrooms, 1+ acre lawn, 4 car garage, etc.
Property just became worthless
The issue with this is, nobody wants to rent any available space to anyone anymore because they won't be able to kick them out. This is especially true to the outer boroughs.
Rezone as condos and sell the units outright.
At least that way you're out from under the property taxes...
💯 percent correct!✅
@Fighter4Street People are kicked out everyday.... but the process is not easy or quick, nor should it be. Where a person lives is extremely important so, any movement here has to be done carefully. 99% of the landlords are not living in a tight financial position, especially in NYC.
@@tonespeaksTX has easy and quick evictions as it should be. No lease? Get out. No rent? Get out. It isn’t hard. You don’t see these problems down south, it’s an NyC problem.
@tonespeaks I think you should let some homeless people move in with you and see if you have the same attitude after 6 months.
The more the government responds, the worse things get. Learn anything yet, people?
They learn nothing
The worse things get, the more they demand the government respond.
This is what they want. They think more government will mean better. They think the next law will make things better. The next regulation will make things better. The next tax will make things better. They haven't learned for a hundred years what makes you think they're going to learn now?
Reagan said it best . “ The most terrifying words - I’m from the government and I’m here to help “.
So obviously no they haven’t learned anything yet .
how is it worse when 99 percent of new yorkers are renters lol you are a clown, sir.
Just when you think new York politicians can't get and dumber.....
Honestly I don’t think they are just dumb. A lot of decisions that they make are deliberate bc they know exactly what they are doing and they know that it’s all for personal gain.
And they people love them, they voted for it
Nah, it's the voters who are stupid. The politicians are evil.
The common folks like you and I see dumb policies. To them, the same policies are making loads and loads of money for them and their friends
They elected the former Chief of Police as mayor of NYC, and all he does is complain about how bad the crime is. LOL.
Thanks!
NYC gets what it deserves, It gets what it voted for.
NOT ALL NYC ARE DEMOS
All of these apartments look sooo depressing and just nasty. Why?? Why do people want to live in such an awful city?
I just don't understand why these people want to pay more than 50% of their income to rent a shoe box. Stupid is as stupid does.
Opportunity, as bad as it is, an 18 year old can go there and make 60k a year
@@gusher29 and live poor. LOL.
@@gusher29 60k is basic in nyc
Then spend all of it on renting😢@@gusher29
The people I see on social media boasting about visiting New York shows that they're ignorant.
Visiting vs living are totally different things. I have friends in NYC. I visit once or every other year. I always have a great time, yet i have voted twice for Trump and will a 3rd time. I wouldn’t live there if they laid but visiting is fun.
I wouldn’t live there, even if they paid me***
@@Stickykobe420 Yea, but why would you support that economy by visiting? Your spending is not going to help the people living there.
@@mikieemiike3979because most people don’t take vacations to stimulate the economy?? Lol. They take vacations to have fun and have a different experience. You’re saying you base your vacation spots off of what economy you want to support? I’m sure your family loves that hahaha
@@Skinnypeen644 Are you autistic?
Housing and Food should never be charged. Nowhere. Basic human needs should be free for everyone. Landlords are always asswholes. If you Mke money off of someones genuine need you should question your right to be alive.
Living in New York looks like far more trouble than it's worth.
$4300 a month for that litterbox and it has a pipe blocking entry into the bathtub? Holy $@&#! I hate this modern economy.
Yeah, that’s like a beautiful nyc apartment, but it’d be considered a 💩 hole in any other state lol gotta love nyc 🐀
Moral of the story? be happy you don't live in California or New York. Rent is ridiculously high, quality of buildings are trash and everything around you is either expensive or dangerous. I'm thankful for being able to live in Houston on my 1,700sq. ft. home with a 11k lot and only pay $1,600 a month for my mortgage.
These vermin are spreading their filth of ideas across the country though. Like a virus spreading. Liberalism is infecting once nice places, thanks to libs fleeing from what THEY created....
It's not just new York and commiefornia it's the whole country. These parasites calling themselves landlords and corrupt politicians and judges.
We should stop telling them this stuff or theyll just move and bring their bullshit politics with them.
Even in my rural town in Oregon rents are getting insane and they raise it by the legally allowed amount yearly. I'm so sick of it and the groceries and everything else going up, this country is getting worse and they pretend like voting one way or another will fix it when it never has and never will as long as super wealthy people are running things.
end government, dont pay taxes
Homeless crisis are super sad.
I think the biggest question on everyone’s mind is why is there a stripper pole in the middle of that tiny bathroom?
It makes it easier to strip to take a shower😅
Because that's where the steam/water/sewage pipes are, and they ain't about to gut the building to change it.
It's a load-bearing Pole
structure from changing floor plans, thats why the toilet got a 20inch wall, that wall was full.
@@banmanb😂😂😂 that has several meanings
The government does not like people moving around. It makes them difficult to track.
Now that's a delusional comment
Lol if you think they are wasting time trying to track you via mail/physical address you are sadly mistaken. They can just ping your phone, even when it's off (with battery removed), and still get a triangulation on your exact position lol... You aint hiding from the fed if they want to watch you, trust me.
Big Brother is watching 👀
They only like movement when they're the ones doing the moving of people. Trail of Tears, for example.
@@SockieTheSockPuppettrail of tears, what's that? (Sarcasm)
*I dont see it anywhere here in my history textbook, wonder what's up with that?*
*Are you proud to be an american? I SURE AM* (bigger sarcasm)
Just left nyc and let me say, Thank God! We now live in a 5 bedroom house, NOT an apartment in Virginia. We don’t see bums or drug addicts (they have homes) lying around everywhere. Virginia doesn’t have time for unemployed behavior. Mental illness is under control from what we can see. (Except at Walmart after 10)
Educate the kids, or at least never forget to vote vote vote! Never be afraid to speak up. Kids see this and learn. I wore my first
M
A
G
A
Shirt, which starts conversations.
Funny thing is, I heard Virginia has a high cost of living. Reminds me of when I heard New Yorkers commenting on how cheap rent is in Miami. I guess most places are cheap compared to NYC.
And the song will remain the same……..
For the most part the NYC residential demographic will continue on with
1) the well off who don’t have to care and can continue a safe lifestyle in a decent area
2) the legitimate section 8 demographic as well as drug addicted, mentally challenged and uneducated street indigents on public assistance who will continue to be housed in prime neighborhoods, Supplementing their public assistance With panhandling as their full time job.
3) the young 20-30 something single professional demographic who are enjoying and enamored with their “after college NYC experience”
(Which may often but not always be subsidized by mommy and daddy)
4) the very few working middle class people or seniors who are only hanging on because the were fortunate enough to buy their condo or co-op many years ago (likely becoming increasingly disgusted by increasing property taxes and tolerance to criminal behavior)
If the state/city government wants to go down this road the FIRST thing they need to do is offset this absurdity by offering some sort of property tax compensation to landlords.
But of course that would never happen because the city desperately needs every tax dollar to ensure all the migrants are housed, clothed, and fed.
The saddest part of this is that there are people still living in the dumpster fire called NYC. Do 8 million people really not know they could move to a better state, and pay 1/3 the rent?
please don't tell them, they might move to and destroy my state. We don't want anymore liberal idiots.
No other states want New Yorkers anyway...
Where the jobs at son?
And also make 1/3 less.
If I left Manhattan (not just New York, but Manhattan itself) I'd lose WAY more income than I'd save by moving. So...no. People aren't stupid, they know that cheaper rents and nicer environments exist, but here is where the jobs/clients are.
I'm taking my apartment off the market. After what I faced with the last tenant, now it's worse. For mom and pop shops, it doesn't make sense.
You made a bad investment. Shit happens.
Get a real job
If you can afford the mortgage keep the unit vacant.
Sell and get out of NYC while you can.
this is an ecxcellent example of what they are trying to achieve. the reduction in properties for rental purposes by making it hell for you to make it an addition property
Politicians never want problems solved.
I read somewhere that there is no political solution…… read that again….
All they care about is tax payers dollars to fill their pockets support their lifestyles
You mean corporations. Oh wait did I just leak the truth? Lol
Cause there is no money in the problem once solved
That is a the ultimate truth. Without problems there would be no need for politicians.
I am a born an raised New Yorker and I used to come to Cash's channel to look at apartments, he even came to the apartment next door to mine. It was so much fun. I have noticed that he has taken a "the city is burning" turn to his content. As someone who has lived here for 56 years, NYC is just fine. Both Cash and his spouse are transplants to our city, if it is not his cup of tea there are 49 other states to reside in. I have a feeling this new content might be bringing him more money than showing apartments. Shame on you Cash. By the way Cash and his family live in one of the nicest neighborhoods in Brooklyn.
Smh I knew he was a real New Yorker because real New Yorkers know better 😂 and you can tell the people who are buying it are not from here so they don't know that he's playing them 😂😂😂
I'm an East Coaster who's lived in Brooklyn for 11 years, lots of my friends are native New Yorkers.
it's less that "New York is burning" and more that it's gradually become a harder place to live as a result of Bloomberg and him effectively making New York for sale ie. gentrification.
two of my friends, a couple, who are native New Yorkers and gainfully employed (above 6 figures) are looking to buy a house in other states that aren't NY because it's so ridiculously expensive here. a brownstone around the corner from me sold for 1.6 M-in Flatbush! to deny that real estate in this city is an absolute joke is... delusional. NYC is far from just fine.
I'm also a native NY'er and 100% agree. I find his content appalling, especially because he blatantly capitalizes on anti-immigrant sentiments.
Everything being done is by Design, There is a end goal, Expect things to get worse..
The news keeps parroting this is all the result of political incompetence. They wouldn't dare speak the truth.
Edited ...
and still grammatically incorrect.
@@__cypher__the meaning is more valuable than the grammar, here…
@@__cypher__ I don't even care about the grammar, The point is clearly made. Must suck to be so miserable in life you have to be the grammar police online. It's the internet, Not a thesis. I didn't even correct grammar, I removed a sentence.
I just don't believe they are capable enough to have an end goal, or to be able to achieve said goal.
I am so confused. We can give loads of money to other countries, illegal migrants, but there is no help for landlords that are upside down.
No help for renters either took me 220 days to find a new apartment. I pay 2885 to live in a shithole by the airport. Not to mention the apartment is outdated and has leaks and broken cabinets 😂
Our government is just a big money laundering scheme. Once you realize that, everything else starts to make sense.
You could not pay me enough to live in New York. It'ss a rancid hole of a place.
We live in the Borough, and it’s not bad. It all depends on where you live.
We would not have problems renting to the right person…However, we are traumatized…
Also, at present, we are not renting… we don’t need the headaches… we had a tenant… she lived with us for over 10 years and the rent raised once.
And of course the damage of the apartment… It cost us money and headaches. We don’t need that trouble… No thank you renters… You stay in your corner, and we will stay in ours…
The Government is hurting the renters… Stabilized rent, stabilized taxes. The law should be, renters don’t pay…landlords don’t pay taxes… What a System! Yahuah is coming soon. This earbb tv h belongs to Yah! Not man!
Typo! The earth belongs to Yah!
This is why I bought my son his own apartment so he wouldn’t be throwing his money away to pay rent. His friends are throwing away all their summer internship pay on renting horrible apartments. If you’ve got the money buy something - even a studio apartment. Let your kid pay the monthly maintenance charges while he is building equity. (The maintenance is much lower than the rent). Also, if you buy you get a tax deduction on the real estate taxes which are included in the monthly payments
Great parenting
maybe state property tax deduction but federal deduction, essentially went bye bye.
Independent landlords will be forced to sell their properties to institutional investors to get out of the rental business.
After which the laws will be changed and then it will be open season on squatters and non-payers.
Yup. Chinese gonna buy it all up one block at a time until your neighborhood is no longer locally owned. It's the world the Democrats want to create.
@@AtSafeDistance Scary. People don't see whats happening
@@Llkolii Leftists don't really have enough IQ to see the actions of their consequences.
Landlord here. Please know that this makes it harder for anyone to get a lease in the first place. Because what am I going to do? Raise the standards for who I rent to in the first place.
Sorry bud, but that's sounding mighty racist of you. Now you're going to be forced to give it to some aspiring rappers or bus full of migrants because discrimination or something.
That makes sense. I live in a crap hole in the hood. I have good credit but didn't have the 3x times amount of income that is usually needed. Honestly who with that amont of money would have lived ware i do anyway though. 😂😂. I have always paid my rent and all utilities on time even with the 100s of dollars increased each year. My point is , is if you have these things pass than people are more choosy as you stated than i would still be living in motels with my kids. It took me forever and going in a crime filled area in the hood to a slum loard to be able to get an apartment. I do think a better idea someone mentioned taxs or fees not going up for landlord s than hopefully wint go up for us as well. I can't take any more rent hikes myself .
Not to mention rewrite the leasing agreements so that you are no longer responsible for unit maintainance or uitilities of any kind.
Broken dishwasher, sorry. You're responsible while leasing that unit. If it breaks it comes out of the leaser's pockets. Lights aren't working, hire an electrician. You want low rent at the owner's expense, leaser's can cover the maintainance themselves.
@robertfergusson5367 At that point we've basically invalidated ownership.
They even reduced the ability to run basic checks on applicants, so LLs can't even have a better understanding of who they're renting to.
Capping rent = can't adjust costs with rising interest rates, more buildings foreclosed on, no incentive to build new buildings, vacancy rates remains low.
As for bad tenants, they're forcing LLs to almost take violent and physical action to chase them out. You're better off fighting an illegal eviction off in court since that'll take 3 years for the shit tenant to get a court case anyway.
So basically, there’s no private property in New York anymore. Everything is controlled by the state. They dictate what you do with your stuff. How is that legal?
There is an end game.
sounds like the state will have to deal with all the problem tenants then, lol
Blackrock
@@nicko6743 Who is Blackrock ?
Who said anything about "legal?"
Why do people stay in expensive areas like that? Like just go visit. They have value because people are stupid enough to wanna pay for it.
Heck I moved out of Atlanta to smaller city to have lower prices. I will visit if I need to.