Why New York’s new rental bill is a game-changer

[@Mjt1262]

And landlords will simply raise the rent to cover the brokers fee

[@buggernomore]

and then what? Cuz every time a solution is presented, people love to comment that the landlord/corporation will just raise prices. By that logic its pointless to do anything cuz they will just raise prices in retaliation. While ignoring the fact, that they are raising the prices anyway. Whether they pass legislation or not, the price was going up anyway

[@dufourrichard856]

And so it goes when government starts getting involved too much

[@buggernomore]

@@dufourrichard856 Then what would be your suggestion to fix? As it is right now, the situation is damn near out of control. Cuz there are lots of states with barely any rental protections and the rent is still very high across the US. The free market didn't bring down prices. And why would it, we've structured our economy around the concept of endless growth

[@jaquanpowell4605]

13k for an apartment? Good God no wonder people are so angry in NY

[@wingspan7679]

The #single #most #important #reason People are Homeless in NYC is because of Landlords . . . . . SPECIFICALLY JEWISH LANDLORDS . . . . . ALSO in NYC now there is a Proliferation of STORAGE FACILITIES . . . . . GUESS WHO owns these Storage Facilities . . . . . the Same Damn Landlord who just evicted you

[@Allah.in.the.sky.]

Wait 13k a month... there's some apt out west that are 10k a month but not 13k jebus

[@mygoodsins]

13k for broker fee ONLY that’s just something you pay the realtor. Not included your deposits and other fees landlord want to add in there. It’s crazy it’s like a down payment on a home you other places of the country. I us to live in NYC and once paid a broker fee but way less than that

[@christineperez7562]

That's is actually cheap if it was just 13000. She said up front 13,000

[@christineperez7562]

​@@wingspan7679This is a lie. Jews are a very small minority.

[@donnaharvey9460]

And they can't figure out why people are homeless!?!?! Hello, rent prices!!

[@Rhotz-ix8ll]

Drugs and mental illness are far ahead of local rental market conditions

[@GirlNextDoor1103]

@@Rhotz-ix8llDisagree.

[@s.r6331]

Landlords will just pass it down to the renters. So wtf is even the point

[@thebookwasbetter3650]

Lol she addresses this and is like lol so what

[@PabloTheThinker]

@@thebookwasbetter3650She didn’t address it at all lol

[@SevenBee-q2j]

​@@PabloTheThinker ... Yes she did ... Who knows what you're thinking about Pablo, passing tumbleweeds maybe?

[@PabloTheThinker]

@@SevenBee-q2j Oh wise one, do you care to explain how she addressed it?

[@dewdropin2010]

The point is the lawmakers are happy because they feel like they did something for the people. As long as they feel good.

[@SamKinason]

How's it's this going to help again? If they add it in the rent its not helping anyone.

[@LindaC616]

This is what happens in Rhode Island. Also, my city has been overrun by New Yorkers fleeing lockdown during the pandemic, who decided to stay because they could work remotely, and short-term rentals like Airbnb. So the city is considering a limit on how much the landlords can raise the rent each year. I think they want to limit it to 1% max each year. A two bedroom currently goes for about three thousand with utilities not included.If you want anything under fifteen hundred, you are sharing a house and renting a room. And with a large portion of our population working in the tourism industry, fifteen dollars an hour pay does not cut it if you want to live alone.

[@laubachm11]

Get out of NYC!

[@andybarrett6472]

All the kooks are moving to Florida. Its about time. The Ivermectin flows from the tap down there

[@micke_mango]

In my country, broker's fee for rental apartments is illegal

[@PabloTheThinker]

@@micke_mango They just pass the cost to the rent.

[@micke_mango]

@PabloTheThinker which is ok, and exactly as it should be. A broker's fee makes it neutral to the owner if the apartment changes tenants frequently, which is not good for anyone, apart from adding an extra, pointless profit to the subcontractor. If the cost is pushed to long term rental costs for the owner, it's more profitable if the tenants stay longer, and there'll be no extra profit + tax on that margin

[@wingspan7679]

The #single #most #important #reason People are Homeless in NYC is because of Landlords . . . . . SPECIFICALLY JEWISH LANDLORDS . . . . . ALSO in NYC now there is a Proliferation of STORAGE FACILITIES . . . . . GUESS WHO owns these Storage Facilities . . . . . the Same Damn Landlord who just evicted you

[@ps_nyisgone]

THE RENT IS TOO DAM HIGH! and that's all I have to say.

[@xiaoka]

The rent *is* too damn high.

[@judiesuh6858]

Absolutely~ !!!🧐👊 Los Angeles is impossible Rent is too damn high!!

[@Allah.in.the.sky.]

Now imagine living in a building where 1 singular parking spot sold for over $100k lmao 🤣 welcome to Canada

[@seviwolfowicz4110]

Costs are always passed on.

[@allenkranawetter9482]

And guess who gets to pay the rental fee. Future renters

[@Marmil78123]

I hope there is a regulatory framework built into this bill that prevents landlords from just passing off this cost to renters. Whether it is a cap on the increase percentage, or rent evaluation estimates on buildings/apts that are being placed on the market.

[@buldoggtoast8069]

Wow, they do that in Uk since forever. I can't believe in NY iS tenants who have to pay the fees.

[@JoanAnderson-j5h]

These brokers are the ones who cause rent to be so out of control in NY. Telling landlords how they can get more for the apartment.

[@My_dailyL1fe]

What people in New York should do is move out of the city by the millions and by having vacant spaces and landlords not having spaces occupied would send a clear message that jacking up rent prices and screwing over the little guy for greed is not going to cut it anymore people need to understand that rent needs to be a fair price according to what the people make as a percentage and not just a flat fee or landlords can be greedy and once the tide is turned and the landlords learned their lesson then a discussion can be had because if you keep jacking up the prices you're not going to have any tenants

[@IcariumGaming]

They would just get replaced or then be in a bidding war for certain properties, while increasing traveling expenses to reach work, friends, and the restaurants and amenities that they have.

[@LindaC616]

They have work in the city. Also, I live in a city that was overrun with New Yorkers during the pandemic, because they were fleeing lockdown. If they were allowed to continue working remotely, they stayed. Now *we* have problems with a lack of available housing.Thank you, no thank you. Also, punctuation is your friend.

[@USA92]

They already do. This story of housing requires good reporting. The actual amount of empty is a lot higher than the market will be honest about. Why should it if the legislature doesn’t force them to be transparent? And if they were guess what happens next for them? I mean the legislators. They should be treated as a group. Landlords, realtors etc. All involved meeting a standard. Oh wait the only thing close that actually applies to real world differences for renters is a heated topic. Rent control. Or as I like to call it a simple thing about greedy folk needed. But screwed up by zombie sheep types. And spineless legislators Look they can’t even get child protection laws to pass there without setting precedents for years around the country. Could be the bright lights or an occasional hiccup in their public water quality.

[@clemguitarechal]

I never had 3500 dollars at a time on my bank account, in my whole life. I can't even fathom how horrible it got to be to pay 13K upfront just to rent an appartment. This is nuts !

[@TickleMonstars]

That’s some real bullish… Texas calling out

[@DavidJ2222]

NYC is a sewer

[@TwanaRobinson-yd9ih]

If you can afford a $13,000 up front cost, you can relocate 😮 smh

[@apertureonline9566]

This sounds like a surrender to the 1% vacancy rate, meaning it's like "look, we can't do absolutely anything about this."

[@Brutus7350]

This is a perfect example of "Retreating into the universality of your system". Then "OMG why are the right-wingers winning!?".

[@wingspan7679]

MOST NYC LANDLORDS own the #Brokerage Facility they send Tenants to; along with the #Management Company, #Cleaning Company and further down the EVICTION PROCESSING LINE THEY CREATED the Storage Facility

[@86Kera]

Don’t see how trust will help people

[@thebookwasbetter3650]

Silly law. They will just put it into the rent. Funny how this reporter just ignores her own facts and concludes that rent will go down.

[@angelahuro4921]

How?! How are people able to survive out there? I am/ was a single mother of two kids. I can barely afford $1200 rent, on my own. 1% vacancy sounds like people can afford it so of course charge more.

[@DeclanLee-v4q]

"And now there's a bill that will help lower the cost of rent" *Laughs in Free Market economics"

[@JLTravels]

Who wants to live there anyway?

[@BrianLockett]

Here's a thought: Don't live in overpriced NYC.

[@jermelpurse3018]

Yeah, but you’re passing the cost to the landlord who’s literally just going to raise the rent of the tenant. The biggest problem in New York is they need more housing, but guess what they can’t build anymore

[@USA92]

They don’t need to. Visit and speak to realtors. Find the ones who will speak about a dirty little secret in housing.

[@DeclanLee-v4q]

Would help to kick out the immigrants. How long have you been a sanctuary city now?

[@Cettywise]

If you know landlords are just going to raise their prices to cover the fee, why would this make renters happy? This is what we call a braindead take. You didn't even take what you're saying to its logical conclusion. Also, the fact you try to spin this as good news for renters is just insulting.

[@jaymass1178]

So dont live in NY. Never been there, you couldn't pay me to go there

[@twokings316]

Don't vote blue no matter who? I mean that might help...

[@godaddy9837]

this bill aint doing shit

[@Yourbody_MYCHOICE]

Glad I got a paid off house lol

[@vivinethomas7091]

The sewer pays for the poor states.

[@allenkranawetter9482]

Don't like the cost of rent in New York. Then why do you keep voting Democrat ?

[@SeriousPOV]

There is a balance between capitalist, who are money makers, juxtoposed to the working person. 2019 rent laws, Vouchers, FARE Act facilitated by the defenders of the working man; there zeal to insure equity, has opened a Pandoras Box. If the election pointed to something, it is that NYC has become over-regulated, this coupled with the migrant issue is changing the trajectory of city politics. What is ahead for NYC, is a move towards Republican leadership as inroads are being made. Congestion pricing is the next tax on the horizion.

[@MOET02]

As a Long Island resident for the last 30 years it’s a nightmare but at the end of the day I’m still blessed to be in a blue state given the current situation that’s about to unfold

[@joeberean172]

What a joke! The renters’s gonna pay the extra fee one way or another. Just another typical clown show from CNN and liberals😂

[@DavidJ2222]

Blacks for Trump

[@sevensieteS]

Lol

[@henryairconcepts2999]

You realize he charged more for blacks to rent his apartments, yeah?

[@gratisdado]

The election is over, in case you didn't know.

[@sevensieteS]

@@henryairconcepts2999 He must not know what they say and consider about blacks loooool

[@josephsonora3787]

THT BLK DUDE L00K LIKE BACK FRM THE 1800's. WAS THT HIS HALLOWEEN GET UP?

[@YalcinSalman-m5h]

Who do you think started the compulsory tipping, wake up America

[@sergueinemitchev6014]

Doesnt matter ny is not touristic city