grizybaer
grizybaer t1_je4m3ag wrote
Reply to comment by Tinkiegrrl_825 in Ex-homeless tenants face mass eviction by Lower East Side landlord by natekrinsky
Its more of a problem in lower cost of living areas with lower costs to buy.
In higher cost of living areas, higher home prices mean lower rates of return.
When comparing Boston vs NYC, home prices are 7% more in NYC but rents are 40% higher in NYC
grizybaer t1_je3p9c3 wrote
Reply to comment by Tinkiegrrl_825 in Ex-homeless tenants face mass eviction by Lower East Side landlord by natekrinsky
Tenant and eviction protections raise the costs to landlords, which will trickle down to tenants in increased rent.
This increased cost more heavily burdens small landlords, who eventually sell to larger landlords who can operate and have the advantage of scale and better lawyers
grizybaer t1_jd0mpd1 wrote
Reply to comment by d0ggyd0g in NYPD Blows Overtime Budget by Nearly $100 Million, On Pace for Record | The New York City Police Department’s budget overage defies a pledge by Mayor Eric Adams to cut overtime spending by half in his first year in office. by bloomberg
Little accountability of how any money is spent in NYC.
grizybaer t1_iwpzk5i wrote
Reply to I am taking apart a small engine, and wondered how I should label the bags I am placing screws in. by Wooble_Gopp
Store removed screws back in the threaded holes. Work with assemblies and keep everything together if possible. Less items to track means less items to lose and fewer things get mixed up
grizybaer t1_itm2cw3 wrote
Reply to comment by LikesBallsDeep in Where Are the Free Housing Attorneys NYC Promised to Tenants Facing Eviction? - Hell Gate by LittleWind_
Lots of doctors in my circles making 300k+ and qualifying for PSLF. Income has nothing to do it with it.
grizybaer t1_je60y9q wrote
Reply to comment by Tinkiegrrl_825 in Ex-homeless tenants face mass eviction by Lower East Side landlord by natekrinsky
Not mentioning a solution but a deeper dive into unintended consequences.
NYC and Boston are large cities. As far as I know, there were fewer tenant protections enacted in Boston and overall, rent has not increased as quickly.
More protections seem to protect bad actors and also has a disproportionate impact on smaller owners who cant absorb the costs.
Small owners leaving the market seems to create a larger problem of consolidated ownership/ fewer players, which leads to higher rent .
If my logic is wrong please let me know. Property in NYC is expensive and renting your property carries risk. Having tenants who refuse to pay rent can easily push owners into foreclosure