@ArisStagira@EinhornGabe Those numbers go up because the fuckers running the market rate shit that get paid by us to make shit “affordable” to people making 6 fucking figures are making bank on the market rent units in their buildings. The actual old rent stabilized buildings are going to shit.
@Emi_Kitten@TheFP@IsabellaRedjai Meanwhile Zohran drives the cheapest units off the fucking market so the fuckers actually renting out apartments can jack up the fucking rent even more.
@DanBiancoNYC@jaymart222@MarkLevineNYC He’s saying you don’t get housing, especially quality housing, without the fucking money to pay for that quality housing.
@sparklenaloha@erik_engquist Older NYC rent stabilized housing is increasingly nonviable as a fucking business. Even the fucking mayor argues that shit. But the land has some fucking value and if the fucked up policy changes, the building could too. It just doesn’t make any fucking sense to burn cash.
@sparklenaloha@erik_engquist You expect someone to dump $ into an investment knowing they’re either not getting that shit back or getting a shitty return?
@i_do_sais_quoi@PhilSustainable It’s a relevant fucking question. It’s what’s going on right now with the rent stabilized shit. Far too few units for the people that want that shit so the landlord gets to pick who they want. And they’re gonna pick the rich fuckers. Why? Because they want their fucking money.
@LivLaughMock@DukeandDukeCB@VerneBurn69@RealPostFolder You don’t think the rich fuckers are gonna give that shit to their friends and other rich fuckers? They want to get paid and rich people are more likely to be able to pay that shit.
@AllIsFreeForMe@JonDavidson7111@melissadderosa@ZohranKMamdani Large corporations and management groups own the majority of the apartments in NYC. The top 5% of the landlords control 65% of all apartments, and they own 87% of rent-stabilized units. That’s literally a monopoly-type condition. What are you even talking about?
@DukeandDukeCB@hashtag_whiskey@notchrisvolpe Fucking right!
Otherwise those fuckers would charge $20k for a Manhattan 1BR instead of $5k. The reason they don’t is because they wouldn’t be able to find someone willing to pay that fucking much!
@hashtag_whiskey@notchrisvolpe No. It’s because of leverage. Otherwise they’d have empty units if they try to force those fucking rents up too aggressively.