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| Re: How the LIRR and Nassau PD Conspire Against Commuters (552395) | |||
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Re: How the LIRR and Nassau PD Conspire Against Commuters |
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Posted by GP38/R42 Chris on Sat Jan 12 03:19:37 2008, in response to Re: How the LIRR and Nassau PD Conspire Against Commuters, posted by RonInBayside on Sat Jan 12 02:47:28 2008. Then change the theshold.Change what threshold. Rent control/stabilization isn't based on income, aside from that over $2000 a month clause, but most apartments aren't over $2000 a month. Apartments become decontrolled if they hit $2000 a month, automatically if they are vacanct, but I believe if a tenant occupies it at that point, it's based on an income thing, but again, many apartments this effects isn't in that price range. but that assumes he can't import those people from outside. He can, and does. Of course he "can", but that is more in luck. You can't ask ridiculous rents and expect to get them. And not every apartment is rent controlled, there are plenty that aren't. Rent control/stabilization causes an artificial low where often times owners are sometimes not taking in enough rent to cover expenses, much less make a profit. That is a big problem that caused a lot of abandonment in the past. A policy which makes a landlord in cases have a choice of either losing money on his building or worse, walking away from it is not a policy that is good. This also causes a policy where landlords won't maintain a building like they should, as there's no profit in it. If an apartments is artificially low, landlords have less incentive to upgrade their buildings, and that often leaves tenants living in squalor. And the 1/40th allowment does not go far enough often times to make it worthwhile to upgrade, and the 1/40 allowment only applies to individual specific apartment, not general upgrade, maintenance to the building. Rent control effects smaller landlords very hard. When you have let's say an 8 family house, and 2 or 3 apartments are below market rate, or worse, more, that creates an uneven balance. |
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