lolwifilife123

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[lolwifilife123 @35Rdub]

JIRI PROCHAZKA!! WOW KO #UFC311 #jiriprochazka #jamalhill @jiri_bjp #beast #ufc #jiri #prochazka

[lolwifilife123 @35Rdub]

@Breaking911 @canuk681 Katy Perry got batshit crazy eyes

[lolwifilife123 @35Rdub]

@SNEAKOHQ @sneako @realsteiny Go kill yourself you low life POS @sneako

[lolwifilife123 @35Rdub]

@SNEAKOHQ @sneako @realsteiny Go cry to your mommy baby
You don’t do anything of value
You don’t contribute to society or mankind

You don’t help anyone pay there bills or help pay for school or healthcare

You say “I do what I do”
What is that? nothing but terror and chaos
Your energy is dog shit @sneako

[lolwifilife123 @35Rdub]

@SNEAKOHQ @sneako @realsteiny @sneako a whiny baby back loser bitch

[lolwifilife123 @35Rdub]

@BuzzPatterson Kill all these vermin rats of the earth who contribute 0 ZERO to society and the advancement of mankind

[lolwifilife123 @35Rdub]

@aw06091 @MLB @Yankees Fuck you
You antisemitic pos

[lolwifilife123 @35Rdub]

@uniformcritic What real men looked like

Not like these baby back bitches today

[lolwifilife123 @35Rdub]

@TiffanyxParkerr @ShamsCharania Hahaha love it when you talk dirty

[Bill Ackman @BillAckman]

Imagine your family worked for a generation to save enough money to buy a brownstone occupied with rent stabilized tenants on the Upper West Side. The family financed the purchase with a mortgage from a bank based on the premise that rents and cash flow would at least keep pace with inflation so you could pay interest and principal on the mortgage and hopefully have some cash flow left as a return on your investment.

While you had rent stabilized tenants, you were led to believe that the NYC Rent Guidelines Board would be required to adjudicate rental increases each year by taking a measure of the inflation of costs to own and operate a building and setting rental increases appropriately.

You believed the RGB would do its job as the board is comprised of two representatives each for landlords and tenants and five independent representatives that represent the general public.

Now, a new mayor @NYCMayor Mamdani is elected on the promise of freezing rents. There are about two million rent stabilized renters that benefit if rents are frozen so by promising frozen rents the new candidate for mayor buys votes and wins the election.

The new mayor achieves his objective by stacking the RGB with directors who do not follow their obligations and simply vote for a rent freeze as a preordained conclusion as evidenced by the statements of an RGB director who resigned in protest for this very reason.

Meanwhile, inflation in NYC is rampant in utilities, real estate taxes, insurance, repairs and maintenance, etc. and now your rents are frozen. Real estate is a high operating leverage business which means that frozen rents and inflating expenses will cause property cash flows to plummet and your after debt service cash flow to go negative.

I expect therefore there will be hundreds if not thousands of small NYC property owners who are now or will shortly be underwater on their mortgages, and without any cash flow to maintain their assets.

If you remember the images of the South Bronx burning in the mid 1970s, you can viscerally understand what is happening to small NYC real estate owners.

While the rent freeze appears to be short-term good news (long term it will lead to poorly maintained apartments) for 2 million NYC renters, it is bad news for the 2 million or more renters in the 1 million market rate apartments in the City because a landlord-hostile market is not likely to add meaningfully more supply and market rents will likely continue to escalate at a high rate.

All of this seems quite unfair and wrong unless I missing something?

Why am I wrong?

For disclosure: I do not own any NYC rental apartments.

[lolwifilife123 @35Rdub]

@blakeflayton Fucking creatures of human beings these ugly ass American men who want to be women and vice versa

[lolwifilife123 @35Rdub]

@thegirldadofc What you mean bitch this is it

Go to fuckin “Palestine” or wherever nothing

October 6 you weren’t around cunts

[lolwifilife123 @35Rdub]

@jomi_jome @Rainmaker1973 Straight up plenty of Lambos for rent

This circuit for example Gumball they take there personal cars all over the world

[lolwifilife123 @35Rdub]

@ShamsCharania This might come back to bite them Aaron Wiggins and Isiah Joe
Two key reasons the Depth Chart from OKC is much thinner @okcthunder

[lolwifilife123 @35Rdub]

@Shelbytweetzz1 Damn didn’t know she got it like that

[lolwifilife123 @35Rdub]

@Suzierizzo1 Bruh this needs to be a skit on SNL
Evan Baxter Ah ass 🤣

[lolwifilife123 @35Rdub]

@CourtsideFilms @jagmeett_singhh Vemby

[lolwifilife123 @35Rdub]

@house_slaughta @AustinFranco123 @nypost Come through and find out

[lolwifilife123 @35Rdub]

@MoistWindmill @AustinFranco123 @nypost Rape tunnels? Who the fuck brainwashed you

[lolwifilife123 @35Rdub]

@barstoolsports Classless

Knicks fans are the real losers

[lolwifilife123 @35Rdub]

@prem_thakker 2 birds

73 Virgins for both those fuckers when they die