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cat tail
User Rank
Platinum
Housing prices
cat tail   6/11/2012 11:17:53 AM
NO RATINGS
I'm surprised how many NYS sellers are still holding to relatively high list prices in spite of the realities of the market.

AskAsa
User Rank
Platinum
Re: multi family
AskAsa   6/11/2012 10:50:23 AM
NO RATINGS
I'm actually surprised they were able to evict the freeloaders after nine years. I feel like some people in that situation stay on forever.

driven
User Rank
Iron
Re: multi family
driven   6/11/2012 10:41:23 AM
NO RATINGS
NYC is an anomaly as far as I can tell. And isn't that a rare good thing?

mInvestor
User Rank
Iron
Re: multi family
mInvestor   6/9/2012 7:59:20 PM
NO RATINGS
Good, let's hope you are right.

 

Street Smart
User Rank
Platinum
Re: multi family
Street Smart   6/9/2012 7:15:21 PM
NO RATINGS
@minvestor, I don't think that nine years without paying rent could happen anywhere else on the planet than NYC.  I personally don't think this will set a precedent at all--except for entitlement weirdness!

- Street Smart

mInvestor
User Rank
Iron
Re: multi family
mInvestor   6/9/2012 4:50:01 PM
NO RATINGS
Street Smart,

That's horrible story, a nightmare for any landlord. If this kind of ruling happened in NYC, would it adopted by other states?

 

Street Smart
User Rank
Platinum
Re: multi family
Street Smart   6/8/2012 9:42:42 AM
NO RATINGS
Street Smart
User Rank
Platinum
Re: multi family
Street Smart   6/8/2012 8:31:51 AM
NO RATINGS
I have a friend who is a landlord in NYC and the picture she paints is a horror story. Basically, tenants know that landlords are hog tied by regulation so they pull all sorts of shenanigans...demanding rent rebates, bribes to actually vacate rent-controlled apartments, demanding upgrades, etc.

It is NO business for the faint of heart!

Drivewaygirl
User Rank
Platinum
Re: multi family
Drivewaygirl   6/6/2012 11:51:48 AM
NO RATINGS
Yes, NYC is not the place to be a landlord!

AskAsa
User Rank
Platinum
Re: multi family
AskAsa   6/6/2012 9:49:00 AM
NO RATINGS
I've known many fair decent people who got into --- and quickly out of the landlord business in NYC, Regulations are crushing. Even those owners who want to do the right thing by tenants are often crippled by rules, fines,etc.

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