New York is about to kill a whole lot of landlords

51

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 advertisement

Many 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.”

The Truth Must be Told

Your contribution supports independent journalism

Please take a moment to consider this. Now, more than ever, people are reading Geller Report for news they won't get anywhere else. But advertising revenues have all but disappeared. Google Adsense is the online advertising monopoly and they have banned us. Social media giants like Facebook and Twitter have blocked and shadow-banned our accounts. But we won't put up a paywall. Because never has the free world needed independent journalism more.

Everyone who reads our reporting knows the Geller Report covers the news the media won't. We cannot do our ground-breaking report without your support. We must continue to report on the global jihad and the left's war on freedom. Our readers’ contributions make that possible.

Geller Report's independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our work is critical in the fight for freedom and because it is your fight, too.

Please contribute here.

or

Make a monthly commitment to support The Geller Report – choose the option that suits you best.

Quick note: We cannot do this without your support. Fact. Our work is made possible by you and only you. We receive no grants, government handouts, or major funding. Tech giants are shutting us down. You know this. Twitter, LinkedIn, Google Adsense, Pinterest permanently banned us. Facebook, Google search et al have shadow-banned, suspended and deleted us from your news feeds. They are disappearing us. But we are here.

Subscribe to Geller Report newsletter here— it’s free and it’s essential NOW when informed decision making and opinion is essential to America's survival. Share our posts on your social channels and with your email contacts. Fight the great fight.

Follow Pamela Geller on Gettr. I am there. click here.

Follow Pamela Geller on
Trump's social media platform, Truth Social. It's open and free.

Remember, YOU make the work possible. If you can, please contribute to Geller Report.

Join The Conversation. Leave a Comment.

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spammy or unhelpful, click the - symbol under the comment to let us know. Thank you for partnering with us to maintain fruitful conversation.

If you would like to join the conversation, but don't have an account, you can sign up for one right here.

If you are having problems leaving a comment, it's likely because you are using an ad blocker, something that break ads, of course, but also breaks the comments section of our site. If you are using an ad blocker, and would like to share your thoughts, please disable your ad blocker. We look forward to seeing your comments below.

0 0 votes
Article Rating
51 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Sewer Maintenance
Sewer Maintenance
3 years ago

And? Who cares? The world’s laziest scummiest profession.

yes Im aware Trump made his money from property. And I dont give a sh1t.

TomSJr
TomSJr
3 years ago

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!

Sewer Maintenance
Sewer Maintenance
3 years ago
Reply to  TomSJr

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?

Sewer Maintenance
Sewer Maintenance
3 years ago
Reply to  TomSJr

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?

Sewer Maintenance
Sewer Maintenance
3 years ago
Reply to  TomSJr

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.

DVult
DVult
3 years ago

I smell codgerophobia!

Sewer Maintenance
Sewer Maintenance
3 years ago
Reply to  DVult

Nah that’s his nappy.

Sewer Maintenance
Sewer Maintenance
3 years ago
Reply to  DVult

Nah that’s his nappy.

Sewer Maintenance
Sewer Maintenance
3 years ago
Reply to  TomSJr

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.

TomSJr
TomSJr
3 years ago

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!

Lunch_Money
Lunch_Money
3 years ago

Troll Blocked

Sewer Maintenance
Sewer Maintenance
3 years ago

OH NO THE POOR HELPLESS LANDLORDS. WHO’S NEXT, THE RATS AND LEECHES? jesus wept woman.

ncskeptic
ncskeptic
3 years ago

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.

patd
patd
3 years ago
Reply to  ncskeptic

Don’t throw facts at the libturds it makes their tiny brain cell explode!!!!

Sewer Maintenance
Sewer Maintenance
3 years ago
Reply to  ncskeptic

I’m British. Guess u must be new here.

ncskeptic
ncskeptic
3 years ago

So you’re saying Brits are even dumber. Okay, got it.

Sewer Maintenance
Sewer Maintenance
3 years ago
Reply to  ncskeptic

Yes they goddamn are.

TomSJr
TomSJr
3 years ago

WHERE DOES THAT PUT YOU?

Sewer Maintenance
Sewer Maintenance
3 years ago
Reply to  TomSJr

With my boot up your senile ass if you don’t stop breathing on me.

MuhamMUDTheFakeProphet
MuhamMUDTheFakeProphet
3 years ago

How about a boot to your face shitebag Commie?

Sewer Maintenance
Sewer Maintenance
3 years ago

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.

MuhamMUDTheFakeProphet
MuhamMUDTheFakeProphet
3 years ago

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.

Sewer Maintenance
Sewer Maintenance
3 years ago

Well I’m sure you’d deprive me of my right to own lubricant used for gay sex.. so there. You’re a commie.

MuhamMUDTheFakeProphet
MuhamMUDTheFakeProphet
3 years ago

If you convert to islam you’ll get all the bacha bazi boys you’d ever want.

Sewer Maintenance
Sewer Maintenance
3 years ago

Yeah, that’s uh… zero.

Sewer Maintenance
Sewer Maintenance
3 years ago

k1lled yourself yet?

Sewer Maintenance
Sewer Maintenance
3 years ago
Reply to  TomSJr

With my boot up your senile ass if you don’t stop breathing on me.

TomSJr
TomSJr
3 years ago

WHERE DOES THAT PUT YOU?

TomSJr
TomSJr
3 years ago

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.

famouswolf
famouswolf
3 years ago
Reply to  ncskeptic

Somebody piss in your cornflakes? No need for that.

Sewer Maintenance
Sewer Maintenance
3 years ago

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.

BarleyEducated
BarleyEducated
3 years ago

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.

felix1999
felix1999
3 years ago

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.

patd
patd
3 years ago

Why is it that all areas controlled by ignorant libturds are all shytholes!!!!!!

Michael Goldman
Michael Goldman
3 years ago
Reply to  patd

Because their elected officials waste money on all sorts of things that would blow your mind, mostly kowtowing to minorities to get their votes.

felix1999
felix1999
3 years ago

It’s all part of the plan for these two communists, Cuomo and DeBlazio. He wants New Yorkers to be totally dependent on government for everything.

comment image

MuhamMUDTheFakeProphet
MuhamMUDTheFakeProphet
3 years ago
Reply to  felix1999

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.

Michelle
Michelle
3 years ago

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

MuhamMUDTheFakeProphet
MuhamMUDTheFakeProphet
3 years ago
Reply to  Michelle

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.

famouswolf
famouswolf
3 years ago

Escape from New York.

TomSJr
TomSJr
3 years ago

SMART/WISE NEW YORKERS: TAKE BACK YOUR CITY!!!!!!

Only New Yorkers can do this. EITHER DIE TRYING OR GET OUT WHILE YOU CAN!

Lunch_Money
Lunch_Money
3 years ago

CAN YOU GUESS WHO THAT 3RD PARTY IS?comment image

felix1999
felix1999
3 years ago
Reply to  Lunch_Money

Communists don’t allow private property.
They like COMMUNITY GARDENS and things like that.
comment image?w=500

Lunch_Money
Lunch_Money
3 years ago
Reply to  felix1999

Hey look the pro Chinese troll doesn’t get it lmao

Tasmanian Devil
Tasmanian Devil
3 years ago

The last time they did this, NYC BURNED TO THE GROUND.

Here’s what happened…

https://veryracist.com/2020/10/21/why-nyc-is-dead/
comment image

BarleyEducated
BarleyEducated
3 years ago

For every action there is an equal and opposite reaction. 🙁

felix1999
felix1999
3 years ago

This is what DeBlazio and Cuomo both want and implementing.
comment image?fit=500%2C333

Anthony Silvio
Anthony Silvio
3 years ago

comment image

Last Puff
Last Puff
3 years ago

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.

MuhamMUDTheFakeProphet
MuhamMUDTheFakeProphet
3 years ago

The Communists have to destroy America in order to save it.

JGray1
JGray1
3 years ago

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.

Sponsored
Geller Report
Thanks for sharing!