NYC rent-stabilized apartments sit empty

A new reports says that more than 13,000 rent-stabilized apartments in New York City sat vacant for at least two years between 2021 and 2022. FOX 5 NY's Antwan Lewis is digging into how often this happens and what's being done to increase transparency.
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[@florduran2742]

Why pay rent when you can live for free in a nice hotel 🤣🤣🤣🤣

[@10-4-goodbuddy]

Stop... 😂😂😂😂😂😂😂

[@jahjoeka]

either way we gonna have to pay for it.

[@GEVINCHYGAMEZ]

U gotta b illegal

[@KarmaMechanic988]

Don't forget you always have the squatting option.

[@RedEyeification]

How ?

[@asthecrowflies737]

Not to worry - those vacant apartments will be commandeered by the local government and given to the illegals.....

[@kerrib4670]

That the agenda

[@puddincup9879]

Facts

[@cynthiagonzalez658]

I was about to post....

[@IambeautifulasamLovethel-pn6wj]

YUP

[@Ryan_300]

Not if you drop off all the rats in those vacants

[@wileecoyote5749]

You put wrong tenant in youll have to wait at least 2 years for court order eviction.

[@newtrollaccount384]

Do your job.

[@giantsfan185]

​@@newtrollaccount384Bill Belichick?

[@andressabio9440]

2 years if you are lucky . I am in a group of small landlords and the average time right now is 3 to 5 years and must of us still with the problem.

[@queennanna5595]

@@andressabio9440 Rent to illegal immigrants and their families who pay nothing and are not vetted.

[@MK_ULTRA420]

@@newtrollaccount384 Stop clogging the toilets and ruining the floor.

[@21truthbetold]

I knew one guy who rented a rent stabilized apartment. He subleased the other 2 bedrooms at the market rate- so the roommates were basically paying his rent. Doesn’t seem like he was that needy of the program if he was making more profit than the actual owners!! A lot of people abuse this system.

[@Babu-kr3cr]

That is just being resourceful.

[@ko0974]

​@@Babu-kr3crwith other people's Money

[@ShellSellars-Smith]

Yep. I know a guy who is doing this right now. He airbnb his 2 bedroom apartment and making bank. He bragged about making 15k in a Month on his rent stabilized apartment.

[@ko0974]

@@User2ublue ha yes .I'd like to be a fly on the wall for that !! Karma be it good or bad always comes around !!

[@einnAnnie]

That's actually not legal in NYC, although I think it should be. The tenants can sue the guy for charging them more than their share of the rent, which is likely set by the city's housing authority.

[@rickster1217]

I wonder if any of us can just show up at the border and say, no ingles and get bussed back to the east coast but with killer benefits now. 😁

[@chuckieb3798]

The US government needs taxpayers!

[@jahjoeka]

Just go to 30th and 1st

[@terryken12]

Renting has become difficult now that there is this "protected" class that has to be avoided because they will trash the rental and not much can be done about it.

[@GigachudBDE]

Takes some real brain worms to believe that the protected class in the country isn't the class that owns the housing and capital and not the poor wage slaves living paycheck to paycheck for scraps. These people literally own housing that they don't live in, take government benefits intended to lease it to renters, and then leave the housing empty in a market where housing has become increasingly unaffordable just so they can pocket more money.

[@davidgreen1149]

IF THE CITY DOESNT LIKE THE APARTMENTS TO BE VACANT THEN THEY CAN PURCHASE THE BUILDINGS FROM THE OWNERS!!!!!!!!THIS IS AMERICA.

[@chuckieb3798]

Are you sure it's America? I am having trouble recognizing it!

[@newtrollaccount384]

Holding a bunch of vacant properties causes urban blight. After an area becomes run down people will judge the community for the problems.

[@chuckieb3798]

@@newtrollaccount384 if you are FORCED to rent to certain people the neighborhood looks like a slum too! So what's the answer?

[@einnAnnie]

It _used_ to be America, anyway.

[@allen-rp3gm]

Not always so easy. I know of one local landlord who owns an empty building formerly used as a place of religious activity. He wants to sell it to the city but his co-religionists have threatened him if he sells it to the city because they fear the city will use it in such a way that will increase crime and lower property values.

[@thegoldengatesound]

Why would you rent it when it can just sit there growing in value while not being used or damaged by tenants then just sell for a profit down the road. No tenants means no hassle, no damage, no potential lawsuits, etc. In NYC, or SF, LA, DC, Seattle…where values seemingly only increase, this can work.

[@NeeNee_B.]

Thats not how it works. It's the City's property as well, in a way. If you dont want to rent to everyone, dont accept the tax breaks, incentives, and special pricing that comes with participating in the program, simple 🤷🏿‍♀️ No one is forcing them to have affordable housing UNLESS they take the govt handout, thats on them, oh well

[@jesusbarragan2008]

Bunch of people have shit to say who’ve never owned their own property, let alone multi-family dwellings. I guess they would buy buildings and then give the dwellings away for charity

[@NeeNee_B.]

If you dont want to rent to everyone, dont accept the tax breaks, incentives, and special pricing that comes with participating in the program, simple 🤷🏿‍♀️ No one is forcing them to have affordable housing UNLESS they take the govt handout, thats on them, oh well

[@andrewczski1969]

Well, since NYC wants to be socialist, then damn it, be socialist!

[@JS-bn4vx]

Here’s a thought. Maybe it’s no one’s damn business why someone isn’t renting their property.

[@newtrollaccount384]

Vacant property can artificially influence the market. It can also be a health and safety concern.

[@JS-bn4vx]

@@newtrollaccount384 ok but it’s not your property. Real estate owners can choose to not rent their properties if they want.

[@cronx1337]

​@@newtrollaccount384Yeap. and Unless you are the owner, its none. of your. god. damn. business.

[@musictosoothe]

@@newtrollaccount384 Most likely it's gov't regulations and restrictions on rent, and difficulty in evicting non paying tenants that are causing the problem... But of course, gov't won't hold itself responsible and fix the problems.

[@vivianfoster702]

NEXT, They will ask why homeowners have empty unused bedrooms that can house these migrants. IKEA bunk beds will be installed in every home.

[@MissXi_Jinping]

Shush. Nobody talks abt migrants here

[@notmebutyou8350]

Remember, Eric Adams was saying that a while ago about putting illegals in people's private homes. Total insanity. What could possibly go wrong? 🙄

[@chuckieb3798]

Do you force them to rent to people that they don't want? Can they refuse rent subsidized tenants? I'd leave it vacant too if you FORCE them to do what they don't want to!

[@newtrollaccount384]

Sell the property and move on.

[@chuckieb3798]

@@newtrollaccount384 it's not that easy! They should tell people that they don't want to rent to to move on!

[@beverlythompson7046]

Certain renters will ruin your property. Will have to rehab it when they move. Apartment for single dwelling wil wind up being 3 families. I would leave my property empty also. I guess they will get a law to force owners to rent to a certain demographic of people.

[@manuelamartinez9985]

They renting them to the illegals! 😂 Erick adams will pay their rent

[@andressabio9440]

@@newtrollaccount384 Why? then why you don't better move to another stay that you can afford or why you don't go to the projects? ask the government for free stuff not to the private landlords they are not your parents or the government they don't have to provide you with free things.

[@TASO77]

Why don’t they go after NYCHA they have almost 15 k apartments vacant

[@abdulazizalzut8963]

move the criminals and welfare parasites living there now into prison and then move the illegals into the NYCHA projects

[@calxcal]

People need to realize that these a privately owned properties. They pay mortgages, tax and maintenance expenses. The city should worry about all the vouchers and programs they finance. Why don't they build additional housing? Crazy people want to dictate what they do not own..

[@newtrollaccount384]

If these property owners are creating a scarce market there should be intervention.

[@newtrollaccount384]

They just want to undermine rent control.

[@calxcal]

@@newtrollaccount384 You're telling me that if you were a property owner paying all your mortgage, taxes, insurances, utilities and maintenance costs that someone should be able to tell you what to do with your property?

[@JVSfit23]

Well if they are purposely keeping it vacant to be able to get it deregulated faster than yes. Landlords can only increase rent so much on regulated apartments in between renters but the new vacancy law allows them to not have to fix repairs and increase the rent faster until it can be deregulated then they can charge what they want. Problem is most of these apartments aren’t rentable. It’s a lose lose for everyone. The landlords would have to put in millions to get the apartments rentable for a tenant by the law as the law makes sure tenants aren’t forced to live in rat infested home that doesn’t have hot water and other things. But to update all these very very very old apartments isn’t a good investment for the landlord because they won’t get the return on it if the apartment is regulated. So instead the keep it vacant until they are able to get them deregulated so they can pick whatever rate they want and not have to follow tenant laws for regulated apartments. The city needs to give a reason for the landlords to invest all this money. The people that get harmed in all this are renters. And renters deserve a clean safe place to live but at same time landlords need a reason to want to invest money into them but the city fails at giving them a reason to update. And in manhattan there is no more land to build. Most buildings are so old they need billions of renovations to be up to code. And as for your last sentence…you sound stupid. That’s not how any country runs. Just because you own the building doesn’t mean you can do whatever you want. I mean you can but then don’t whine when the city won’t let you rent your rat infested apartment to people. When you live in a community or city or country it’s not just you. Everyone is part of the system. It’s that thinking you have why the richest country in the world has one of the worst homeless and poverty disparities. Most think only about themselves and wonder why shit is the way it is. Government was meant to look out for the people and protect them from how things were in the dark ages. But now the government is about getting that check then taking care of the people.

[@musictosoothe]

@@newtrollaccount384 gov't is causing the scarce market with their over regulations and rent control. When rent won't cover expenses nor allow any profit, that's the end of the rental....no point in renting. Especially if you can't get a bad or non paying tenant out quickly. You won't see gov't building low income units because they'll soon find out it's a money losing operation if you can't cover expenses with rent.

[@mwatercress]

Price controls create a variety of perverse incentives. Making the rational choice to keep a unit vacant is just one of them. NYC has had rent control for about 100 years and it hasn't fixed the problem yet. How many NYCHA units are vacant?

[@user-mn3ez2kl3v]

"The Property Owner could be looking for an tenant they haven't found yet.." Oh yeah?

[@Babu-kr3cr]

I guess the queen still has her castle somewhere.

[@masescranton9630]

Well Einstein's when it costs less to keep an apartment vacant then rent at a enforced artificial low cost. Dah.

[@judybrown8258]

Veterans first

[@123cbman]

I don't understand the landlord owns the property and can go whatever they want, rent or not rent. As long as the landlord is paying their property tax and utilities what is the big fuss.

[@10-4-goodbuddy]

You know what the big fuss is.. 👉🧱🚶‍♀️🚶‍♂️🚶‍♀️🚶‍♀️🚶‍♀️🚶‍♀️🚶‍♂️🚶‍♀️🚶‍♂️

[@jahjoeka]

Well more empty apts means a higher rent burden for everyone and rent continue to rise.

[@newtrollaccount384]

People need places to live. This is creating artificial scarcity and influencing the market.

[@houchi69]

The problem is a lot of the landlord, renting out their properties is their sole income. If they don't have that income, they can't pay property taxes, can't pay for repairs and maintenance, can't pay utilities, etc.

[@johnrichards8846]

They still make money off the units that they rent, or breaking even on monthly mortgage payments

[@chrissNyC]

Why do you care if they Renting it or not. Stay out of ppls pockets Get ya money up and buy your own building and rent it to rent stabilize tenants 🎉❤

[@newtrollaccount384]

Because it artificially creates scarcity on the market. Landlords shouldn't be able to manipulate the rental market like that. 🎉

[@andrewordog4397]

It's nobody's damn business if it's vacant or not. More government overreach

[@newtrollaccount384]

This can create urban blight and artificial scarcity which influences the market. People create problems in cities and then complain about cities.

[@Dasani_water_drinker]

That’s what they love though. Shows thru their voting records

[@avanulaneway8418]

@@newtrollaccount384 stop trolling. If you buy property, you own it, and it is no one else business how you use it.

[@NeeNee_B.]

How is it govt overreach when they chose to partcipate in a GOVT program?? If you dont want to rent to everyone, dont accept the tax breaks, incentives, and special pricing that comes with participating in the program, simple 🤷🏿‍♀️ No one is forcing them to have affordable housing UNLESS they take the govt handout, thats on them, oh well

[@NeeNee_B.]

​@@avanulaneway8418No its the City's property as well. If you dont want to rent to everyone, dont accept the tax breaks, incentives, and special pricing that comes with participating in the program, simple 🤷🏿‍♀️ No one is forcing them to have affordable housing UNLESS they take the govt handout, thats on them, oh well

[@ThisOlboy35]

No they don't want trash in their bldg

[@wileecoyote5749]

Correct

[@newtrollaccount384]

They are creating blight along with safety and health concerns.

[@user-zv4ee1vi7t]

A few busloads of migrants will change the atmosphere of this apartment complex roll in the buses , such a nice place

[@smashedphone4200]

If you are going to take public money, tax breaks, etc., then you have to deal with the government. Or, list it yourself and deal with the market. You can't have it both ways.

[@eponz4354]

Illegal get apartments! Awesome Texas send more buses

[@icu8128]

So, its their property to do what they choose. The very essence of private property RIGHTS!!!

[@hejiranyc]

Exactly. These woke politicos think they can control everyone just because they already control the local government, the media, the education system, the justice system, the legal system....

[@NeeNee_B.]

No its the City's property as well. If you dont want to rent to everyone, dont accept the tax breaks, incentives, and special pricing that comes with participating in the program, simple 🤷🏿‍♀️ No one is forcing them to have affordable housing UNLESS they take the govt handout, thats on them, oh well

[@smashedphone4200]

Then stop taking public money.

[@hejiranyc]

@@NeeNee_B. Stop lying. The city does not have any ownership interest in rent regulated apartments. Quit spewing nonsense about shit you know nothing about it. And nobody is giving landlords handouts either, unless you are talking about Section 8, which is another idiotic system.

[@darienford860]

You don't know how NYC works do you 😂

[@vintageradios7790]

A SMART landlord sutch as I will 5 years of tax returns and a 800 credit score. Let the mayor put them in his house

[@newtrollaccount384]

You're not smart. I can tell by that sentence.

[@linhaton4957]

What are you saying?

[@JPAGH]

New York plans to use $25 million in state funds to rent temporary homes for up to 1,250 asylum-seeking families who opt to leave New York City's crowded shelters. Gov. Kathy Hochul and state lawmakers approved funding for voluntary relocations in the state budget adopted in May. It was part of a $1 billion allocation for housing and services for tens of thousands of asylum seekers who have been bused to New York City from the southern border over the last year.

[@user-mp1eb4im4f]

One billion dollars For Asylum seekers E Exclusively

[@dcarr-kr7hk]

@JPAGH... You mean 1,200 illegal aliens, right? If they were really seeking asylum (safety from danger) there were lots of places they passed (or planes they could have taken) before setting foot here. People! Don't believe that there are any asylum seekers or an migrant immigrant crisis. Both phrases are to deflect from the true issue -- that the borders are being flooded against our will for the sake of institutionalizing "equity" here in the U.S. The goal is to swiftly transform us from a first to second (or third) world country while getting you to be stupid enough to invest in it. ) Again! The government HAS no money but yours.) Anyone calling it anything but what it is (a forced invasion of illegal aliens to destabilize and impoverish a nation), while using duplicitous language is either ignorant (lacking knowledge) or just on board.

[@justinoleary911]

Owners of commercial property in nyc don’t need money, this is how rents stay so high regardless if they’re rented or not. They can afford to keep these properties empty until they can lobby enough to get rid of rent control

[@Babu-kr3cr]

I heard corporations can benefit from tax write-offs for vacant units and save money off what they owe. You would think any tenant is better than no tenant, but it is less work to have it empty and pretend it is losing money.

[@MK_ULTRA420]

No tenant is better than a bad tenant.

[@pharmd718]

The actual number of apartments deliberately left vacant is between 40,000-60,000. Many go unreported.

[@vicky-nq4tx]

WOW!!!!! Here we go, immigrants need housing!!!

[@user-fl7ro9eo6l]

I hope Texas blesses NY with a million more per year and the NY'ers get their taxes raised to pay for everything..

[@chrislapp9468]

Homeless, regular Americans need housing. The non-stop apt building construction across the damn country. .. saw how much there was everywhere. Knew who it was for. We've been played like a friggin' fiddle.

[@A-qe2eg]

MANY individuals need housing. Immigrants come at the end of the line right now

[@silversonic99]

​@@user-fl7ro9eo6lnah, we'll just stop sending texas millions

[@silversonic99]

​@chrislapp9468 90% of new construction in the past years has been for luxury/wealthy. Ironically, it's the wealthy immigrants here legally from China that our buying it all up and keeping then empty to have assets in the US

[@sheldonhchambliss1385]

They looking for someone who could pay there rent

[@Jzak25]

Doesn't take a rocket scientist to figure it out if say a 6 apt building have 4 rented out that last two is for "personal use" it will NOT be rent controlled. How do you think rent jumped from $3000 to $6000 a month an apt in a matter of less than 2 years. I know someone does this and the building is with a trust fund. She collects the rent and she also has 70hrs a week of aide from MCD.

[@jasminecrandall2262]

Economic migrants won’t mind the lack of updates.

[@mrsteveispleased]

Here where I live the landlords know apartments are better with tenants.

[@lesliemcclinton7844]

I see that here in Chicago with home’s remodeled then sit vacant. I don’t get it. They spend years doing the work then it sits empty. I know because I walk my neighborhood every day or bike through and watch the progress. Why is that happening.

[@patrickwoo1747]

I been a landlord for over 20 yrs I will never want to rent out any apartment to any stabilize renter. This is a insane and joke for the way to make profit . Screw these NYC . 6 grader is smarter than these City hall leaders

[@NeeNee_B.]

Oh well, if you dont want the kind of tenants that come with subsidies, then dont accept the tax breaks 🤷🏿‍♀️ You dont get to rent to whom you want for whatever price you want when you accept the City's money, simple. It's insane that they accept million dollar handouts from the City to build or buy these buildings, then turn around and shun others receiving even less handouts than them smdh!

[@maroon9273]

We call them crooked landlords

[@jasonkoroma4323]

@@maroon9273 Scumlords love that rent-seeking arrangements from the state.

[@senster45]

Rent control doesn’t allow market increases and if a landlord has to completely renovate or make expensive repairs he or she is losing money and therefore not worth doing. It’s a business and when government gets involved this is what happens. The government is being realistic because they want to please tenants which dominate NY. But if this continues it will only get worse. They need to get rid of rent control and if people can’t qualify for rentals the they need to move or apply for section 8. Many people in rent control units can afford to pay market rent as these apartments are not monitored for income which they should be.

[@Ryan_300]

Homeless Americans Need them First First First!

[@Youmightknow111]

Juat furnish your apartment and have a family member go in and out ever week and claim it as rented.

[@norwegianblue2017]

The whole concept of rent control is economically stupid. It just makes landlords want to sell their property for fair market value and further reduce the number of rentals available. This drives up the cost of rent for the majority.

[@ryandarko2115]

I’m sure the cost of living being horrible doesn’t contribute to this

[@bigbadassphiljacson]

"Looking for a particular tenant ". Do these kinds of statements alarm nobody else?

[@wileecoyote5749]

Non smoking,good credit,good income,no pet is extremely limited.

[@strongmermaid4651]

Steady job!

[@fleabag2mr.151]

Nope!

[@chuckieb3798]

Not me! Many tenants are awful people. Landlords have their hands full getting rid of bad tenants! They shouldn't be forced to rent to people they don't want

[@retrostellar11]

If they don’t want tenants then don’t buy the house if they don’t plan on living in it 🤷‍♂️

[@SkiSkillsMontana]

As a landlord hell no .Unless you're giving them huge tax breaks

[@DRAKKENFIRE22]

Frank Ricci is right. That’s the problem with rent control and rent stabilization (For you KZbin idiots, rent stabilization is still rent control), the landlord can’t keep up with the rising cost of maintenance if the government restricts rental pricing. It’s cheaper to keep a rent controlled dwelling empty if the landlord has another source of income to make the necessary repairs, and then save a certain amount money to cover the maintenance he can’t charge in the rent after the tenant move-in. The government never makes things better for society…they only make things worse. People need to be smarter when they vote, and more responsible for the choices they make.

[@vikasprakashjoshi2090]

Yes they are smart. That's why NYC is the worlds number one city....Florida on the other hand...

[@zz449944]

Each time a rent-stabilized unit becomes vacant and the landlord makes upgrades and improvements, then the Landlords should be allowed a reasonable rent increase of say, perhaps, no more than $250 a month more than the previous rental price ($3,000 more per year). Some rent-controlled units have been inhabited by the same people for so much time (decades) that a ton of expensive work is now required just for basic upgrades and improvements and repairs. However, Landlords should NOT be able to raise the new rents to unreasonable levels. The cost for building maintenance should be looked at in a way that spreads the cost among all units in a building rather than expecting a single tenant to be the one financing those costs even if the costs only came from their apartment.

[@senster45]

Rent has to be increased by what was paid to renovate and allow for additional to cover maintenance and sone profit. That’s how businesses work

[@M4TTYN]

So my building isn't rent stabilized? and vastly over paying for the -quality- or strong lack of and need of improvements are needed ASAP! wtf is going on!

[@user-bu6io5qr2o]

I been living in my one RS one BR apartment since 1990. What was repaired or upgraded in my apartment? Nothing zero, nada, in 32 years. If the LL had been doing some repairing all thru the years I don’t think it wouldn’t been such a large expense. But of course if you wait a long time to do anything it could be costly.

[@brutalenigma816]

They have the right to be choosy on who they allowed to move into their apartment complex..you don't want just any garbage moving in and for your complex to start getting messed up, causing for some good tenants to pack up and leave. All over New York or you see these new nice buildings being built and then the garbage are they allowed to move them destroy the building within a year. Not to mention all the hanging out in front of the building like it's a beachfront resort doing barbecues smoking weed and just looking like pure trash

[@aja1108]

The landlords could apply for grants to renovate so they could rent these units. They want the policies to change so they can rent for more.

[@HarmonySunLove]

We need to stop paying politicians but force them to keep working.

[@USSHammerology]

I own a few. Some day I'll go visit them.

[@jahjoeka]

Migrates or apartments

[@Eccentric-YURR]

Why are they vacant? What are the landlords waiting for?

[@weber247]

Get paid with vacancy insurance. Still get paid without the hassle of a stickler of a tenant. While you're remodeling of course...😉

[@dianalord5825]

Sure just like the guy who finds illegal apartments, those landlords will get fines and such.. .

[@TASO77]

The real number is more like 100 k apartment .

[@pharmd718]

Im a landlord. The 2019 laws made it a losing proposition to rent a stabilized apartment. A landlord might actually lose thousands of dollars by renting a stabilized apartment. The risk is to high. The rent is no longer worth the risk. Risk includes non-paying tenants, lengthy housing court dates, expensive legal fees, tenant damaging apartment out of spite etc.

[@johnrichards8846]

Tenants will destroy those rent stabilized apartments crossing the owners of those buildings housing is not worth it. The New York realty market has turned into a total joke like the immigration problem

[@RJ-is9ko]

Needed is the regulations of the rental prices in order to not allow greedy real estate owners to outprice the local average income. This outdoing one another stuff isnt working

[@miikeklume4869]

A kitchen can cost between 5k and 10k

[@cathyhdhq5639]

Whatever the landlords reason, higher rent is the bottom line and the result when you have an artificial scarcity in the market.

[@einnAnnie]

Ahh, nothing says FREEDOM like being told what to do with your own private property. 'Murica!

[@kevinw1090]

Wouldn't it be better to let the market or supply and demand conditions to determine the price of all goods including housing? Even if you are the tenant of a rent controlled building, it's only fair to give others a chance to bid on the apartment every few years.

[@hejiranyc]

Well, of course that would make sense. But there are two problems: government is too stupid to change anything about the current system and people are too greedy/selfish to give up a bargain apartment, even if they can afford to rent a non-regulated apartment. I know several people who bought houses upstate and in the Hamptons while keeping their rent stabilized/controlled apartment in the city; it's too much of a sweetheart deal to give up. It's just a sickening/exploited system that needs to be abolished ASAP.

[@user-kg5lq6nd7q]

Hi, I’m a hard working American looking for work in nyc and can’t find ANYWHERE to live, there are a lot of us

[@baurny7762]

The city should penalize landlords who keep properties empty. There should be a prohibition on writing off tax losses.

[@ronaldmiller941]

Oh big brother.

[@JuicyRealTalk]

They said a whole bunch of NOTHING.

[@jasonhall3693]

They want them empty because they’re greedy.

[@maroon9273]

And stealing from our tax money.

[@emichels]

Hint: If you let the free market work, none of these would sit empty. It's only when government/regulators get involved (in anything) where you put 'programs' in place and prevent the free market from working that you get into a mess like this. Get the government out of the way -- simple.

[@justinoleary911]

Yes allow corporations to do whatever they want. 43 years of trickle down economics has worked out great for everyone

[@angelavestlee1]

The rules to rent are probably keeping them out. Might want to get hold of them and see if you could even rent one if you were a low income person. that is what keeps many people homeless.

[@freckles2720]

Keep these units empty

[@larrys4618]

Enjoy the squatters then.

[@michelegreshan1539]

And we have a serious homeless crises. Makes no sense

[@frankchu2805]

You cant have it both ways high price propertys that benefit nyc real estate taxes and low income rental unirs

[@newtrollaccount384]

People in real estate are some of the worst people in this country.

[@absolutedegen]

it's almost like you're scamming them...

[@C.P.C3719]

Rent stabilize is a scam

[@larrys4618]

Capitalism is a scam

[@dvdjnn]

Did these landlords get a tax break for designating certain units as affordable? Yes. Make them pay what they owe if they let the units sit empty. They are getting a free ride at the expense of the rest of the taxpayers.

[@senster45]

What free ride? They are underwater even with tax breaks. What a joke! Maybe take sone finance classes so you can understand better about running a business

[@keithaltamirano]

Rent stabilized apartments should cease to exist this is a burden for both tenants and landlords

[@sonia428]

Isnt a vacant apartment tax writeoff? Which means you lower your taxes and it may actually keep more in your pocket then getting rent that has to go right to taxes anyway. I hope I am wrong but that maybe why they are hoarding vacant apt that are stabilized.

[@robertafierro5592]

I wonder if they're taking kickbacks..you know ..bribes.

[@jamarmitchell8861]

The vacant apartments could have been transformed into youth centers or for art classes things like that.

[@thisis.michelletorres444]

Not in NYC, just not how it works. They have zoning laws for use and also insurance issues.

[@maroon9273]

Residential is a hot market and has turn into a must have zoning in major city metro areas.

[@DebsFan101]

I’d pay the 50k to renovate a $700 a month rent-stabilized apartment in nyc. To me, it would be worth the investment knowing I could live there for the rest of my life without having to worry about rent increases. And then I’d have the option to pass it on to my children. 50k isn’t even enough for a down payment where I live. And nyc properties will never go seriously down in value.

[@DakotaFord592]

❤❤❤❤

[@brandypopejohnson2072]

If landlords are not required to say why the apartments are vacant why should the tenant have to show a credit score , a reference or tell their back history 😡

[@andressabio9440]

landlords are suppose to do whatever the Fu......k they want with their private property. They work for what they have. It is like if you are required to show your bank account or your private THINGS . why it is your private property. YOu can not force nobody to do something with their private compay that only happen in China, Russia and New YOrk and California. This is a FU.....eN CAPITALIST COUNTRY.

[@user-bb9vo9pp2k]

To make sure the person can pay ands not a degenerate

[@elizabethtejada2251]

With all the mess created by the covib and a lot of people dont pay rent landlords are very precaution to whom they gone rent apartments

[@miikeklume4869]

But not COVID!!!

[@larrys4618]

Squatters are going to take over these properties.

[@ShellSellars-Smith]

Owners can do with their property what they want. If they want to leave it vacant so be it. As long as they pay their taxes, its not your business what they do with their privately owned property. On the other hand the City can take away their tax break (Stabilized rental home owners get a tax break from the City when they agreed to the rent stabilization) Take it away and watch how fast they sell or find a tenant.

[@johnlouis3312]

Sell your apartments and move to Texas

[@williamshook982]

Give the apartments to the asylum seekers rent free and you would have 100% occupancy, problem solved.

[@ToCan2tuViDa]

NYC is a racket and a snare

[@samrah25]

Hmm... Oh yeah and there's a housing shortage? 😅

[@keithgrant-fn9tg]

Omg, who's in charge ??? Now you find apartments in NYC... How much how wanna bet they won't go to the poor, hardworking tax payer stuck in a city shelter...

[@thoughtstorn854]

Hope they stay vacant no income for greedy landlords 😂 😂

[@patriciaposton1]

THIS SHOULD NOT HAVE BEEN ALLOWED. NOW THIS QUESTION.... HOW MANY APPLICANTS APPLIED FOR THOSE UNITS AND PAID FEES? MANY LANDLORDS HAVE BEEN DANGLING EMPTY UNITS TO POTENTIAL RENTERS JUST TO COLLECT FEE MONIES BUT THEY DONT HAVE ANY REAL INTENTION ON RENTING THOSE UNITS. THAT NEEDS TO STOP ASAP.

[@icu8128]

Communism comes to NYC, shocked I'm shocked Communist Socialism has come to the Big Apple.

[@corneliusmartin6600]

It’s none of your business as long as they are paying the property taxes to support the illegal darlings!

[@guillerodri6393]

Despropiesseition

[@MKOMKONNNN]

WOW LIKE WE IN YOUR SHIT U BETTER COUGH UP YOUR PROPERTY

[@newtrollaccount384]

Don't create a housing shortage.

[@jeng1395]

Ok, commie.