New York Democrats Are Eradicating Landlords

If your problems start to get you down, look at the bright side; at least you probably are not a landlord in New York City. The reason housing is in such short supply there is that the moonbats in charge have made life a living hell for those who provide it.

Via Fox News:

The process of eviction is far from a guarantee that tenants will be forced to leave their Gotham apartment to be replaced by someone who will actually provide the revenue an owner needs. Eviction cases often drag on for more than a year, thanks to the fact that tenants are guaranteed a city-paid attorney.

Even after a court order to leave, tenants can “ask the court for up to one year to move if you can show you can’t find a similar apartment in the same neighborhood.” In other words, tenants can live rent-free for another year.

What’s more, tenants facing eviction can receive so-called “one-shot deals” from the city that pay their back rent — and allow them to stay while they seek other housing, during which time they can continue not to pay rent. After that, they can move on to another apartment — and rinse and repeat.

Landlords’ expenses keep shooting up. Rent is not allowed to keep pace with them.

Some 960,000 Gotham apartments are rent-stabilized, meaning rents can increase only as much as a city agency, the Rent Guidelines Board, permits. During former Mayor Bill de Blasio’s time in office, the permitted increase for three years was zero. A similar rent freeze was the cornerstone of Democratic Socialist Mamdani’s campaign.

How are landlords expected to stay solvent? They are not expected to.

The state’s rent regulations even sharply limit increases for capital repairs — improvements made to bring dilapidated units up to housing codes.

Consequently, many apartments are left vacant.

Now imagine how bad it will get with Zohran Mamdani and his Director of the Mayor’s Office to Protect Tenants Cea Weaver in charge. Weaver has denounced home ownership as a “weapon of white supremacy” and has called for seizing private property.

The objective is to put an end to private housing in New York. Ever been to an urban housing project? If so, congratulations on getting out alive after seeing what Democrats plan to impose on all of us.

On a tip from Varla.

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