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New NY rent-control bill would drive out small landlords, help developers

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Kamaji:
New New York rent-control bill would drive out small landlords, help developers

By Steve Cuozzo
March 20, 2023

Socialist-minded legislators in Albany won’t quit until they bankrupt every apartment-building landlord in New York City — and make the housing crisis even worse than it is.

A bill now in the Legislature, sneakily disguised as an eviction-prevention measure, would impose rent controls on market-rate buildings for the first time.

The reversal of generations-old policy would drive small, immigrant and minority-group landlords out of business and leave their buildings at the mercy of well-heeled real-estate companies hoping to demolish them for new construction.

“This bill is universal rent control,” warned Sharon Redhead, whose family emigrated from Grenada in the Caribbean and who owns five small buildings in Brownsville and East Flatbush, Brooklyn. “The sponsors don’t believe in free enterprise.”

“If this bill comes to pass, a lot of small housing providers will have to sell,” said Cynthia Brooks, who owns a two-story, four-family brick house at 2181 Strauss Street in Brownsville.

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Source:  https://nypost.com/2023/03/20/new-ny-rent-control-bill-would-drive-out-small-landlords/

Fishrrman:
“This bill is universal rent control,” warned Sharon Redhead, whose family emigrated from Grenada in the Caribbean and who owns five small buildings in Brownsville and East Flatbush, Brooklyn. “The sponsors don’t believe in free enterprise.”

THIS is what the sponsors "believe in":

https://youtu.be/mq__Z-Z_Ofs

LMAO:
If if I was cruel, and I wanted to find a roundabout way to create more housing shortage, rent control would be the tool I would use

Kamaji:

--- Quote from: LMAO on March 22, 2023, 12:19:23 am ---If if I was cruel, and I wanted to find a roundabout way to create more housing shortage, rent control would be the tool I would use

--- End quote ---

:thumbsup:

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