Posted by TenantNet on August 15, 2001 at 13:20:02:
In Reply to: Depends who's Governor... posted by MikeW on August 15, 2001 at 11:55:22:
Actually Pataki was looking for anyway out. It was Sheldon Silver and other Democrats who actually encouraged the weakening (yes, with Bruno's help). Our old newsletters expound on this more. And much of the blame can go to Cuomo the elder. In political terms, it has to do with the confidence and efficacy of public policy. Cuomo undermined the regs in a variety of ways to give the RE industry the tools to change the perception of the public policy. And the public has lost confidence in the system because in many ways, it just doesn't work. But we'll leave it at that as thisss shouldn't be a drawn-out thread.
: Yes, the rent regulations were almost allowed to expire in '97. Basically Pataki, who was facing reelection the following year caved in and allowed them to be renewed.
Note: Posting is disabled in all archives
Post a Followup