Posted by Jose Norub on March 22, 1997 at 11:39:14:
In Reply to: Re: If Rent Regs Die ... What Happens to Controlled Tenants? posted by TenantNet on March 22, 1997 at 08:07:46:
: : If the Rent Regs are allowed to expire, stabilized tenants are in place
: with unexpired leases of varying lengths. They would have a little time
: to look for a new home, if lanlord hiked the rent to an unaffordable
: level. But what would happen to rent controlled tenants, who have no
: leases, on the day after the regs ended? If their landlords tripled
: rents on June 16th, would these folks be out in the street if they
: couldn't pay? Have the RSA and their political pals made any provisons
: for this eventuality?
: Probably not as they know that it won't happen. They want to weaken
: the laws severely (on their terms), but not abolish the laws. What
: other system gives landlords guaranteed profits and a guaranteed
: income stream? Even Pataki, who will run for re-election in 1998,
: knows this. If the eventuality does occur though, I don't think you
: would see mass evictions the next day -- they would still need to
: go through the court process. All the changes would take some time.
It's encouraging to know that, potentially, only the the length of time
required for an eviction proceeding stands between having an
affordable place to live and being forced to move. What basis do you
have for your optimistic prediction that this will not come to pass?
I have not heard any comments from Bruno & Co. which would indicate
anything other than an unadulturated expiration of Rent Regs.
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