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Re: Wellcome Newcomer

Posted by richard on January 29, 1999 at 21:06:32:

In Reply to: Re: Wellcome Newcomer posted by satori on January 29, 1999 at 18:50:25:

: I thought the same thing my self i was paying a high rent, but then I looked into it
: and seen that i was stabilized. And i came across some interesting stats.
: Most of the millions of people that live in Nyc are stablilized from 60%
: to 80% her ein Manhattan have some sort of control or stabliization.
: And don't worry your not paying thebill for stabilization and control of
: programs, the landlord gets all kinds of tax breaks ectera.

:YOU'RE ALL WET...................

the landlord does get tax breaks...for rent control and rent stabilized apartments, BUT GUESS WHAT..
they are real estate tax breaks, so it doesnt matter whether you pay $600 a month or
$2000 the LL will still make a certain % profit on the apartment....

Of course nowadays if its more profitable to get NO TAX breaks, and charge full rent, then who loses and wins??

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