Posted by Anna on February 29, 2000 at 01:42:44:
In Reply to: Re: YOUR RANT posted by Larry the Landlord on February 28, 2000 at 23:59:01:
: People who call it the World War II Housing Act know what DHCR is really based on. We are still being controlled by the World War II Housing Act, it is simply what it is called (Sounds too wacky for you, look it up.). It was implemented because of the influx of solders coming back from the war. It was mostly meant for smaller towns that had a large influx of woman working in munition factories. The small towns suffered because of the lack of housing within them, but NYC never had a shortage but was forced to implement the program because it was a Federal Program. Whether you remember it or not is irrelevant, obviously you were not around when this archaic regulatory nightmare was instituted.
: And yes even here in this great city we do have town meetings. (Your cracking me up) A town meeting references the format of a gathering, not it's location. And why is my math lousy. You should explain. And as things would have it I do some fiction writing. Published too. And I am a real landlord here in NYC it would just seem I know more about it then you do.
OK: so are you Larry or Kerry? Is Kerry the anti-gun tenant-activist? Do you live or work together? Do you intercept his email?
About your posts:
"but NYC never had a shortage": NYS and NYC define shortage as a housing vacancy of less than 5%: how do you define it?
If we have no shortage, why would anyone pay $1800 for an apt worth $260?
Which might be the math Fred referred to:
"In fact as a landlord I fear the abolishment of the Housing Act because the tenants I have paying
260.00 a month for my East Village Apartments allow me to charge over 1800.00 for
my newly renovated apartments because of supply and demand."
What does tha sentence mean? that you prefer to keep RSC/RSL and low rents?
No one forces you to charge $1800: in fact, I seriously doubt that it is legal for you or anyone to charge that. It would require a cash outlay of $60,000 to in renovations to legally increase the rent from $260 to $1800.
Seriously: if you're not making an 8.5% profit at $260 and it is not of your own doing (e.g., paying more for the building than the rent-roll can support), you could always apply for a 'hardship increase' at DHCR. Why don't LL's do this? because they have to open their books and the apts have to pass inspection.
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