What I don’t understand is how he wants to freeze rent. Someone please correct me on this but:
If rent payments are frozen, then how does the landlord get money to pay for the costs of the building?
If the landlords payments to the bank are frozen, how does the bank get its money? From the state? Because using public funds for that would mean things get more expensive through taxes, no?
Like, am I missing something here?? I hear talk about freezing payments but… the person still needs the money to be given to them, so what happens?
Edit: I was informed that rent freezing means the price won’t increase from when it was frozen, but I still feel there are issues with this. If things get more expensive, and the landlord can’t increase the rent… feel like there’s an issue there.
More than most cities in the country, yeah. Although if I recall correctly, there’s only a fixed number of rent controlled apartments and the number hasn’t increased since the 20th century.
He’s going to freeze rent the same way it has done on many prior occasions in NYC by filling the board that controls it with his people who will vote as instructed.
In other jurisdictions, different mechanisms.
Are you asking a serious question about the viability of freezing rent?
The amount of empathy these people show for landlords is astounding
This was one of the first threads I made on hexbear when there were rent freezes due to covid:
Can’t remember where I got it but it addresses some concerns for these people who are going to start crying about investments not printing money.
nyc already has rent controls
More than most cities in the country, yeah. Although if I recall correctly, there’s only a fixed number of rent controlled apartments and the number hasn’t increased since the 20th century.
i have just acknowledged that i know jack about shit, but i will keep talking anyway
It’d be so easy to just use a search engine . . .
grokkk is this true??
He’s going to freeze rent the same way it has done on many prior occasions in NYC by filling the board that controls it with his people who will vote as instructed.
In other jurisdictions, different mechanisms.
Are you asking a serious question about the viability of freezing rent?
I’m quoting a redditor from /r/conservative
hm