Many other owners of rent-stabilized housing across New York City are stuck with onerous debt after they took out hefty loans to purchase buildings, lift apartments out of the rent-stabilization system and raise rents. New tenant protections laws made many of those tactics illegal in 2019, upending their business model.
That’s a friendly way to describe a set of practices that are predatory and toxic to both society at large and the neighborhoods these lowlifes operate in.
Oh no, the scumbags that thought they could buy buildings and exploit the people living in them are now in debt. What shall we ever do? (Fuck 'em)
Say about Mamdani what you will. But he gets shit done. That's not his first win and more will follow I bet.
Imagine all politicians would only be half like that....
He does all that and has a better youtube upload schedule than most content creators.
It's almost like all the modern problems in society are manufactured, hmm...
no single landlord should have control over that many units
A Gothamist review of court records shows at least 84 separate limited liability companies linked to Pinnacle filed at least 2,569 nonpayment eviction lawsuits in the five years between April 2021 and April of this year, when Summit took control.
The monkey paw has granted your wish!
In my view, the scenario shouldn’t even be able to arise where that is possible.
That landlord is managing as many households as a medieval noble, without any of the associated social responsibilities.
"Kuo said tenants dealt with a range of problems in their buildings including caved-in ceilings, heat outages and, at times, darkened hallways after Con Edison cut the common area electricity due to the landlord’s unpaid bills."
All that money and won't even pay the electric company this person is actually unwell seriously.
And every MAGAt in a trailer making minimum wage will fight you to the death that the free market will solve this, changing anything will prevent the American entrepreneurial spirit and regulations will only make things worse.
Brainwashing is amazing.
It actually did change things for the better in places that build housing. Rents down in places like Austin because Texas builds
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source. Clickbait titles may be removed.
Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.
7. No duplicate posts.
If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners or news aggregators.
All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.