Governor Andrew Cuomo and Mayor Bill de Blasio have brought New York City to it’s knees. A total catastrophe of the world’s greatest city by two tyrannical politicians. New York City may not recover. Very sad.
New York is about to kill a whole lot of landlords
By Fox News, November 11, 2020
Gov. Andrew Cuomo and President Trump made sure to protect tenants by banning evictions during the pandemic, but public officials have done almost nothing for property owners. That’s inviting disaster.
Story continues below advertisementMany of these landlords, particularly mom-and-pop small-building owners, have been struggling for months to make ends meet as the COVID crisis drags on.
Thousands of tenants haven’t paid full rent. Others, looking to escape the virus, violent crime and plunging quality of life, have fled, pushing up the vacancy rate and forcing owners to grant concessions.
Meanwhile, landlord bills — including property taxes and water and sewage fees — have mounted, without letup. Cleaning and other costs have actually soared, thanks to the pandemic.
The latest nightmare: an upcoming tax-lien sale, where the city sells owners’ unpaid tax bills to a third party, which then moves to collect on them, along with 18 percent interest charges. Waves of foreclosures may soon follow.
Cuomo had placed a moratorium on lien sales, but it expires Tuesday. That could spell doomsday for owners on the hook. And not just small landlords, but also owners of private homes as well.
Anyone who recalls the housing-market horrors of the 1980s knows where this is headed: landlords unable to do basic maintenance, some ditching properties altogether. Decaying and abandoned buildings spreading urban blight. The city taking possession of vacant buildings — which takes them off the tax rolls, depriving it of vital revenue.
The prospect has pushed some owners and real-estate advocates to call for a halt to landlord-debt sales altogether.
“If the City Council doesn’t end tax liens,” warns Rent Stabilization Association President Joe Strasburg, the “housing crisis of the 1980s will pale in comparison.” No one “will be spared.” And New York’s “property-tax base, the city’s top revenue producer, will come crumbling down.”
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And? Who cares? The world’s laziest scummiest profession.
yes Im aware Trump made his money from property. And I dont give a sh1t.
Of course you don’t and THAT IS WHY YOU ARE BRITISH, something I am SO grateful for because of America kicking you Brits out of America so we can BE FREE FROM A TYRANNICAL KING.
So, say what you want. AMERICANS HAVE MORE FREEDOM THAN YOU DO AND WE WORKED VERY HARD TO GET THAT, thank you Britain AND THAT IS THE ONLY THING I WILL THANK YOU FOR with the exception of Churchill, Nigel Farage, and Mark Stein! Other than that, YOU BRITS are willing to give up your liberties for your security. IS LONDON SECURE? NO. IT IS RUN BY A MUSLIM WHO LIES AND DECEIVES TO MEET THEIR END GOAL OF TAKING OVER BRITAIN. Good luck to you, Brit!
YUP, your ID suits you!
Wow, I never knew our country was so crap and Islamified until YOU told me!
Thanks, not-so-great Grampa!
here, your teeth came flying out. You want me to wash the dog mess off them for you or do you just pop them straight back in usually?
Wow, I never knew our country was so crap and Islamified until YOU told me!
Thanks, not-so-great Grampa!
here, your teeth came flying out. You want me to wash the dog mess off them for you or do you just pop them straight back in usually?
You know you’re just another senile fart hanging around here, trying to tell me things about my country I already knew… and you think that makes you “smart”?
You’re a rambling codger, go back to your rocking chair.
I smell codgerophobia!
Nah that’s his nappy.
Nah that’s his nappy.
You know you’re just another senile fart hanging around here, trying to tell me things about my country I already knew… and you think that makes you “smart”?
You’re a rambling codger, go back to your rocking chair.
Of course you don’t and THAT IS WHY YOU ARE BRITISH, something I am SO grateful for because of America kicking you Brits out of America so we can BE FREE FROM A TYRANNICAL KING.
So, say what you want. AMERICANS HAVE MORE FREEDOM THAN YOU DO AND WE WORKED VERY HARD TO GET THAT, thank you Britain AND THAT IS THE ONLY THING I WILL THANK YOU FOR with the exception of Churchill, Nigel Farage, and Mark Stein! Other than that, YOU BRITS are willing to give up your liberties for your security. IS LONDON SECURE? NO. IT IS RUN BY A MUSLIM WHO LIES AND DECEIVES TO MEET THEIR END GOAL OF TAKING OVER BRITAIN. Good luck to you, Brit!
YUP, your ID suits you!
Troll Blocked
OH NO THE POOR HELPLESS LANDLORDS. WHO’S NEXT, THE RATS AND LEECHES? jesus wept woman.
Even disregarding the landlords, this hits the tax base hard. If you read the article you must have missed the part that said property taxes are the city’s biggest source of revenue. They’ll have to cut services to POOR PEOPLE when the city doesn’t collect taxes because they own the buildings. Governments don’t tax themselves. You’re a perfect example of what’s wrong with half the people in America. No critical thinking skills AT ALL.
Don’t throw facts at the libturds it makes their tiny brain cell explode!!!!
I’m British. Guess u must be new here.
So you’re saying Brits are even dumber. Okay, got it.
Yes they goddamn are.
WHERE DOES THAT PUT YOU?
With my boot up your senile ass if you don’t stop breathing on me.
How about a boot to your face shitebag Commie?
You forget I’m the least Commie person on planet earth. I’ve been here several times before and every single time you act like I’m a “liberal” you senile jackass.
Gawd you’re a snoozewad.
Senile? Speak for yourself comrade. If you haven’t noticed private property rights are required in a capitalist society, if you disagree with that then Communism is what you’re left with comrade.
Well I’m sure you’d deprive me of my right to own lubricant used for gay sex.. so there. You’re a commie.
If you convert to islam you’ll get all the bacha bazi boys you’d ever want.
Yeah, that’s uh… zero.
k1lled yourself yet?
With my boot up your senile ass if you don’t stop breathing on me.
WHERE DOES THAT PUT YOU?
The RIGHT side of your brain must not be working today OR only your left side works most of the time. YOU DECIDE WHICH ONE.
Somebody piss in your cornflakes? No need for that.
Why would you care if a “liberal” hell hole is in ruins?
I wouldn’t. BTW, I agree the picture is different from the way I made it sound.
I was just saying that cause the lamest poster here Achmed Mohandjob is a landlord so it was important to call them all idiots.
I can admit I was (sort of) wrong, I bet you can’t do that.
Not that you asked me but liberal areas are still part of America. I don’t like seeing them fail even if I disagree with their policies.
I think I read it is AMAZON that is on a commercial buying rampage in NYC, buying up anything worth buying. He must believe it will come back as he buys commercial property at distressed prices.
Why is it that all areas controlled by ignorant libturds are all shytholes!!!!!!
Because their elected officials waste money on all sorts of things that would blow your mind, mostly kowtowing to minorities to get their votes.
This makes perfect sense. Undercut and destroy the landlords then snap up their properties for bargain basement prices and hand them over to progressive non-profits (incl. muslum non-profits). COVID-19 has certainly given them the excuse they needed to implement this.
Exactly just like they do in UK buy up properties then split up into flats and get 4 x the money back in dangerous not fit for purpose housing
The above happens in the USA as well. I’ve lived in two homes that were sub-divided into separate rental units. One of them was owned by a muslum — back before I knew the rank evil that islum and muslums represented.
Escape from New York.
SMART/WISE NEW YORKERS: TAKE BACK YOUR CITY!!!!!!
Only New Yorkers can do this. EITHER DIE TRYING OR GET OUT WHILE YOU CAN!
The last time they did this, NYC BURNED TO THE GROUND.
Here’s what happened…
For every action there is an equal and opposite reaction. 🙁
It’s really not complicated. When you kill the chicken, there are no more eggs. And the chicken is gone.
When you outlaw enterprises making a profit, you kill those enterprises and the services they provide are gone.
The Communists have to destroy America in order to save it.
nothing is ever mentioned about the mortgages held by the banks. if the landlords cannot collect rent from residences or businesses because they don’t have the money because of shutdowns and loss of jobs and income, they can’t pay the banks the mortgage. so then what happens. you tell me. I dunno.