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natekrinsky OP t1_je0ptkz wrote

Reply to comment by Chewwy987 in Ex-homeless tenants face mass eviction by Lower East Side landlord by natekrinsky

Sure there could be reasons that landlords don't want to offer a renewal lease. The most obvious one is they think they could get more money from someone else. But a tenant's ability to stay in their homes is more important than a landlord's ability to make more money. I'm sure some people here would disagree with that but I think it's common sense that the human need of New York's 5.6 million renters should be prioritized over the business interests of relatively few landlords, the vast majority of which are corporate entities.

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movingtobay2019 t1_je1jxif wrote

Since when did living in NYC become a right?

But that's besides the point. You are too focused on the needs of one group of people.

What happens when there are no price signals in the market? Who determines where who lives? The corrupt NYC government?

What happens when capital flows out of real estate and no one builds anymore because you capped rental increases? Where are new people coming to the city going to live?

What happens when you limit rent increases to the point it doesn't cover taxes, utilities, or maintenance? What, LLs just going to eat the loss? Print money in their basement?

There are so many factors and stakeholders that advocates like you gloss over.

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Xxx_chicken_xxx t1_je3bj50 wrote

Price signals of the market. Give me a break. Landlord corporations are colluding to drive the prices up and keep the stock off the market

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Chewwy987 t1_je1p1fi wrote

If you were not paid to for doing your job would you still do it same concept. Can’t run a building without money to run it. They don’t have to be homeless they can move upstate where land is cheap. They are choosing to stay and do the landlord is choosing to increase the rent simple as that. You are always welcome to share your home with the homeless if you are so concerned about them.

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ShadownetZero t1_je1tmn8 wrote

> The most obvious one is they think they could get more money from someone else.

And that's the only reason needed. :)

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mehkindaok t1_je2uta0 wrote

Say, can I have your $30,000 car for $1,000? I know you can get more money from someone else but my ability to get a cheap car is more important than your ability to get more money!

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