Posted by Sir Loving on April 28, 1997 at 19:48:06:
April 22, 1997
I think all rent laws should be renewed as they are because these laws enable many people to live decent lives. They should not be changed just because the Real Estate brokers wants to increase apartment turnover in order to make more commission. Developers can construct new buildings
that are not subject to rent regulation laws. Small homeowners are not subject to these laws. Most big landlords already have plenty of deregulated apartments in their portfolios. Their overall earnings are already outrageously high (Several Hundred Thousand Dollars per building per year).
Senator Bruno's plan to decontrol our apartments is just plain bad news for everyone but the landlords and brokers. His motives are unfounded, unjustified and his plans would cause needless financial disaster for many New Yorkers. Many of us are living without any considerable savings
and will be forced to move out our homes when prices go up. Many of us tenants have paid City, State and Federal taxes for the greater portion of our lives. We have little disposable income to pay rent and other expenses. Some of us have children and older relatives to support. Some of
these people will move out of the state. Some will stay and vote against this injustice. Some of these families will become homeless for no good reason at all.
Many landlords are not even actively involved in their buildings. Bookkeepers collect their rent and building managers maintain their buildings. Many landlords do not reinvest their profits in their buildings. They do not raise their employee's salaries with the extra profit. They live and
spend the profits in Florida and the Bahamas. Some travel so much that they start their own travel businesses just to get discounted seats! One thing is for sure, they don't care about New York State and it's people. Since President Abraham Lincoln we have valued human needs over
property rights. Governor Rockefeller's vacancy decontrol was repealed with very good reason.
Those reasons still exist today even more than ever before. Rent regulations should stay on the books as they assist the majority of the real hard working people of New York State.
Note: Posting is disabled in all archives
Post a Followup