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Updated almost 5 years ago on . Most recent reply

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Wesley W.
  • Rental Property Investor
  • The Vampire State
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90 Day Rent Abatement bill being drafted in NYS

Wesley W.
  • Rental Property Investor
  • The Vampire State
Posted

https://www.nydailynews.com/coronavirus/ny-coronavirus-senator-gianaris-calls-for-rent-suspension-new-yorkers-20200319-unw3kcrtbnhvbnvkvymskhjdv4-story.html


I'm not sure what to say other than a 25% decrease in annual revenue (and three months without any) would be catastrophic for almost everyone I know in the business.  Class warfare at its finest.  Gotta love New York State.  They always find new ways of reminding me why I am leaving.

Most Popular Reply

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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
Replied

@Wesley W. If the gov't volunteered to pay a portion the rent on behalf of the tenant that might be OK. But to give away our money like that is unconscionable and most likely unconstitutional. It is absurd! I am OK with dealmaking and giving people a break but that concession should come from me and not some self serving politician. We are not even being asked! I thought we were a Democracy?

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