Jon Salero

Former NYC Multi-Family Owner. Selling them was the best decision I ever made. Bitcoin Defi Adoption.

[Jon Salero @jon_salero]

@PabloZevallos @RobinHoodNYC And the report states: "A prolonged period of frozen rent would likely impact some building operators’ ability to meet maintenance costs, exacerbating housing quality issues that many tenants already contend with. Ultimately, additional policy solutions will be needed."

[Jon Salero @jon_salero]

@JillFilipovic This is willful blindness. There are already clear negative effects after many years of sub-inflationary increases coupled with no vacancy increases. A zero percent increase is only different in degree than increases below expense inflation.

[Jon Salero @jon_salero]

@xwanyex Totally agree. In addition to the risks of an unknown new tenant, there is the likely loss of one month's rent during the turnover and the costs of having to clean and paint the unit so the power dynamic is not nearly as unilateral as described.

[Sparrow Wallet 🐦 @SparrowWallet]

Unless @Apple's decision to terminate @craigraw's Apple Developer account is reversed by June 30, all new installs of Sparrow will fail, and development on macOS will end. If you value Sparrow, a repost would help. @AppleSupport

[Jon Salero @jon_salero]

@JKetcham91 Excellent article!

[Jon Salero @jon_salero]

@JKetcham91 Ask any L&T attorney and they'll tell you they haven't had a non-primary residence case in years. Pro tip: it's not because tenants no longer have homes outside NYC.

[Jon Salero @jon_salero]

@JKetcham91 In addition to all the units sitting vacant, you can add thousands of 'under-utilized' apartments where the tenants have a primary residence elsewhere. Landlords often know about these but there's no longer any incentive whatsoever to initiate a non-primary residence case.

[Josie Stratman @JosieStratman]

Rent Guidelines Board member Christina Smyth just resigned from the board — hours before they were slated to vote on whether to enact Mayor Mamdani's rent freeze promise.

This rebuilt board was required to deliver a rent freeze. Everything since has been theater," she wrote.

[Jon Salero @jon_salero]

@bobbyfijan Only a non-profit would describe 25% of tenants refusing to pay as "the smallest subset".

[Jon Salero @jon_salero]

@laurashin Doesn't ASST hold a lot of STRC on their balance sheet?

[Jon Salero @jon_salero]

@SKastenbaum This is simply untrue. Here is a graph of NYC annual rainfall over the past 100 years. There is no discernible increase.

[Jon Salero @jon_salero]

@IRStaxpros I have been calling your toll-free number about a misapplied tax payment for two months and each time I call, no matter the time of day or day of the week, I get a recording that all reps are busy and instructed to call back the next business day.

[Jon Salero @jon_salero]

@IRSnews I have been calling your toll-free number about a misapplied tax payment for two months and each time I call, no matter the time of day or day of the week, I get a recording that all reps are busy and instructed to call back the next business day.

[Michelle Tandler @michelletandler]

Last night while the NYC Mayor was watching basketball, I went to the Bronx and attended the Rent Guidelines Board meeting.

Wow, was it painful.

For nearly five hours, tenant after tenant approached the microphone and begged, yelled and demanded a rent freeze.

[Jon Salero @jon_salero]

@michelletandler Wonderful summary.

[Jon Salero @jon_salero]

Mamdani explaining to Bloomberg how NGOS and NYCHA are the future of all rentals in NYC.

[Jon Salero @jon_salero]

@Mr_Neutral_Man Remember the "everyone needs a warm coat so this stock will never go down"? https://t.co/VTjRzz5P1v

[Jon Salero @jon_salero]

@HarmeetKDhillon https://t.co/v6ZfK8epRG

[Jon Salero @jon_salero]

@Aarondklein Coinbase currently has 19 Billion in USDC on platform. If they only earn 10 basis points it amounts to 19 million/year.

[Jon Salero @jon_salero]

@Aarondklein @faryarshirzad Untrue. Coinbase currently offers reward of 3.5% while Vanguard Treasury MMF fund's 7 day yield is 3.61%