Posted by Lover of All on February 29, 2000 at 03:52:40:
In Reply to: Re: Larry or Kerry responds. Brenda: a discussion, whadayathink? posted by Anna on February 29, 2000 at 01:42:44:
: 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?
I like to borrow local names, my apologies to Kerry. I've been a lot of people here. But that shouldn't distract you from my words of wisdom. Anti-Gun activist??????? No I think its our right to bare arms. I like guns.
: 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?
No!!! NYC didn't have a shortage when the World War II Housing Act was implemented!! In fact because of the loss of life during the war their was an abundance here. Please try and read the posts.
: If we have no shortage, why would anyone pay $1800 for an apt worth $260?
No one should that would be stupid.
: What does that sentence mean? that you prefer to keep RSC/RSL and low rents?
Yes, because I honestly believe that the market would level out if it were abolished, and that a landlords upside potential is built into the current RSC/RSL system. It affords us the oppurtunity to charge the outrageous rents we get on our refurbished apartments. This would dissipate if DHCR disappeared, the market would go the way of free enterprise and even off. But currently with the booming market the rent stabilization system allows for uneven rental peaks. If the landlord has the money to put into an apartment he/she can get it back big.
: 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.
Yes we are forced, that is if a landlord wants to maximise their rents. In other cities the rents are controlled by what a tenant will and won't pay for an apartment, here it is set by a system that has outsmarted itself.
Who claimed to have jumped from 260.00 to 1800.00? Of course it is possible to outlay 60,000.00 on an apartment refurbish. In fact it might make since to do so, 1500.00 would easily cover a 60,000 mortgage and greatly increase the buildings overall value.
: 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.
Yeah well you just keep thinking that we are all powerful evil beings that can keep the IRS and NYC at bay. We like it when you think that way. What a goof.
I guess the tenants are powerless as well, hmmmmm?
John, the main man in the can
I'll just apologise to John right now, sorry John. (He hasn't seemed to mind in the past though)
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