@pmcondon2@CheleNik@NadlerPj If new builds are exempt will this ridiculous policy not push existing landlords of 70s built product to tear down and develop? Or more likely, sell to developers to do the same? There would be no profit incentive to keeping and rehabbing existing product.
investors will get their start in C class apartments because it’s cheaper so the barrier to entry is lower and most experienced investors graduate up to higher class units than C class. There are many other reasons I’m leaving out but in short…B class for the win!