Specializing in pork bellies. Merry New Year!

Meeting with Clarence Beeks
Joined January 2022
It’s not pro-housing when you keep pushing rent controls.
honestly NYC probably has the strongest Mayor + Governor combo of any major city in the country right now with Zohran + Hochul creating the strongest economic growth in the country and pushing major pro-housing reforms
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There is no such tax break. They can write off any legitimate business expenses to offset income elsewhere, but there is no tax break for theoretical uncollected rent.
Replying to @fuelgrannie
As a LLC leaving the apartment vacant is a loss they will get a tax break as if it was a loss of income to pay the mortgages. It’s a win win for them either occupied or vacant. Especially in multi family buildings.
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If you fail to understand second order consequences, you make think rent controls mean lower rents, but they’re driving shortages through warehousing and increased regulatory risks which are worsening supply shortages and pushing rents higher for most NYC tenants.
Rent control isn't what's worsening your rent. Algorithmic collusion that tells landlords what every other landlord is charging so they can match it is a big part of what's driving your rent up.
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Yet another economically ignorant leftist has entered the chat:
I have a solution: force the sale of the buildings to the city, which repairs and rents them at affordable rates, bypassing the whiny landlords altogether
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In Jabari math, $672/mo-$1400/mo = profit.
Be a rent stabilized landlord. Collect rent for decades. Pocket the money. Do zero upkeep on the units. The units become uninhabitable. Now you're not getting rent. You need to renovate to rent. Ask for more money. Blame the 2019 rent laws for your decades of negligence.
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Rent controls at work.
Manhattan average rents have hit another record high: $6,865. Meanwhile, rental listings are at their lowest September level since 2019. We can’t keep pricing people out of Manhattan. We need to build more, preserve affordable homes, and deliver real rent relief.
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This guy just has one bad take after another. Mandatory Inclusionary Housing ensures we get less housing than we would otherwise, worsening shortages and driving our affordability problem.
Eliminating MIH in NYC would lead to a substantial erosion in the hard-earned support for new housing. While housing lotteries get way more applicants than the units available, people at least want to have the possibility of finding affordable housing in new construction
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Pablo makes a great argument here against rent controls stabilization, or whatever you choose to call the policy that works especially against our most vulnerable. In market rentals, landlords are incentivized to keep tenants happy so they stay in place and keep paying rent.
Granting landlords a big increase when a tenant leaves would incentivize widespread harassment against hundreds of thousands rent stabilized tenants--from seniors to parents w/ children to young people starting out in life--and is the very last thing already-strained renters need
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Another politician who doesn’t understand business.
This is good and everything, but we really need to make it a state law to make sure that everyone gets paid on a weekly basis. People can’t wait weeks or months to get paid from their employer anymore. This will be one of the first pieces of legislation that I introduce-
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How can a wannabe mayor not understand that rent stabilization policies make a city less affordable, not the reverse?
Today, Providence is the least affordable city in America for renters and costs are going up for everyone. Together, we can make Providence a city all our neighbors can afford and where everyone feels welcome. Join our movement: secure.actblue.com/donate/da…
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Warren, Bezos is a shareholder in Amazon, a publicly traded company, not a sole owner, and if he divides that $560M he spent among the 390,000 Amazon delivery drivers, they’d each get just over $1400. Remedial math might be helpful, sir.
If Jeff Bezos, the 3rd richest man alive worth $276 billion, could afford to sail on his $500 million yacht to his $55 million wedding in Venice to give his wife a $5 million ring, he can damn well afford to pay Amazon delivery drivers a living wage with good benefits.
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Sounds like the money hasn’t been there to fulfill the requests that have been made for decades based on those rents.
Replying to @itscelyunique
she’s the only one in the building paying this much everyone else is already up in the high $1k, low $2k range. and this apartment building is shitty yall like rundown old ugly and garbage the shit is falling apart at the fkn seams
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Good intent doesn’t excuse bad policy.
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Who paid the designer and the production crews for that labor? Would they have done it for free?
“Capitalism made your iPhone.” NO, labor made your iPhone. Workers create products under any economic system. The economic system determines who owns the profits, who makes the decisions, and how the value created by that labor is distributed.
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Is there a rule that a single person requires the median home for the area?
This quoted post is unavailable.
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Free delivery for Prime members too. Reminds me of these two recycling cans.
Mamdani buying for $0.20, Amazon selling for $0.18. Time to teach my daughter her first arbitrage lesson underneath the BQE.
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The 3 Regulations That Make New York the Most Expensive Rental Market in the World 1. The Scaffold Law (Labor Law § 240). New York is the only state that imposes absolute liability on property owners and contractors for gravity-related construction injuries, regardless of worker negligence. The result: insurance premiums that can add 7 to 10 percent to total construction costs, carried by every project and every building owner in the state. Those costs don’t disappear; they’re built into every rent. 2. Vacancy Control. By trapping rents in place even when units turn over, vacancy control removes any path for regulated units to reach economic viability. The financial burden doesn’t vanish; it shifts to unregulated units, whose tenants effectively subsidize the frozen stock through higher rents. Meanwhile, owners keep uneconomic units offline entirely, shrinking the housing supply for everyone. 3. Mandatory Inclusionary Housing (MIH). MIH requires below-market units in new development, but someone has to pay for them: the market-rate tenants in the same building, through rents high enough to cross-subsidize the mandated units. Where local rents can’t support that cross-subsidy, or tax benefits don’t close the gap, projects simply don’t pencil, don’t get financed, and don’t get built. The mandate meant to create affordable housing instead suppresses housing production where it’s needed most. Fixing these 3 would have a greater impact on housing quality, cost, and supply then zoning reform could ever dream of.
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Speculation doesn’t cause operating costs to exceed the legal rents.
"Distress in rent stabilized buildings is rarely caused by the rising costs. Rather, it is often the result of speculative “bad bets” made by landlords who intended to push out tenants and deregulate units in these buildings." citylimits.org/opinion-the-e…
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“Good at it” means hiring an agent and having a six figure income and pristine credit.
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