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Rent collections are down in New York

politico.com

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Re: Rent collections are down in New York

#131

Post by craftkiller »

nikkwong wrote: post #124
craftkiller wrote: post #119

Earlier quoted context omitted.

> You should be able to select freely who you want to have live in your house We already tried that. It turns out that people are racist, so now we need laws to protect against that. It sucks for all the decent non-racist folks but the alternative of not having those protections was far worse.

If you force people to have someone in their house that they don't want, they are not going to rent their house out. This will lead to less units on the market. Your point about racism is fair, but I don't think the answer is a solution that reduces rentable units on the market.

What alternative solution to housing-related racism would you suggest?

Re: Rent collections are down in New York

#132

Post by manyatoms »

BoxFour wrote: post #98

> The uptick in rental delinquency isn’t new. It started six years ago It has nothing to do with Mamdani, for those of who don't want to bother to read. Most of this occurred under Eric Adams's watch. Anecdotally, I do think covid made people a lot more aware of how deeply backlogged the housing courts are. It seems like a lot of people (like the anonymous one in the article) realized they could not pay rent and avoi…

So say they do get evicted eventually, what are their chances of getting the next rental?

Re: Rent collections are down in New York

#133

Post by N_Lens »

manyatoms wrote: post #132
BoxFour wrote: post #98

> The uptick in rental delinquency isn’t new. It started six years ago It has nothing to do with Mamdani, for those of who don't want to bother to read. Most of this occurred under Eric Adams's watch. Anecdotally, I do think covid made people a lot more aware of how deeply backlogged the housing courts are. It seems like a lot of people (like the anonymous one in the article) realized they could not pay rent and avoi…

So say they do get evicted eventually, what are their chances of getting the next rental?

In a Palantir style totalitarian state with panopticon tracking of everyone's every thought, action and history? I'd say pretty good!

Re: Rent collections are down in New York

#134

Post by itake »

craftkiller wrote: post #99
itake wrote: post #90

Earlier quoted context omitted.

Sf is kinda a mess. Sf’s rent control also means tenants can’t leave (locking up more housing, reducing supply, forcing everyone else to pay more), thus continue to discourage rent controlled tenants from moving since moving means even higher prices. The property tax situation in SF is a mess. SF also requires a lot of expensive regulations (earthquake proofing, renovation permits, rising California insurance costs,…

> Sf’s rent control also means tenants can’t leave They have exactly as much freedom to leave as they would without rent control. They _choose_ to stay because rent control has made it advantageous to stay. The way you phrased it implies you're suggesting this is a bad thing for renters but that is strictly a positive. Without rent control they'd have zero affordable options, with rent control they have 1 affordable…

Rent control drives up rent prices for everyone.

So yes, if you have rent control in a city, it would create an environment with zero affordable options.

Re: Rent collections are down in New York

#135

Post by laweijfmvo »

manyatoms wrote: post #132
BoxFour wrote: post #98

> The uptick in rental delinquency isn’t new. It started six years ago It has nothing to do with Mamdani, for those of who don't want to bother to read. Most of this occurred under Eric Adams's watch. Anecdotally, I do think covid made people a lot more aware of how deeply backlogged the housing courts are. It seems like a lot of people (like the anonymous one in the article) realized they could not pay rent and avoi…

So say they do get evicted eventually, what are their chances of getting the next rental?

i assume they also owe back payments? with interest?

Re: Rent collections are down in New York

#136

Post by BobaFloutist »

tommica wrote: post #130
tmnvix wrote: post #127

Earlier quoted context omitted.

We don't always have to consider the apparently very fragile and fickle motivations of investors. Social housing can and has worked very well in many cases.

Where has it been successful, and what counts as success in that? I genuinely do not know.

It's been exceptionally successful in Singapore, for one.

Re: Rent collections are down in New York

#137

Post by inigyou »

tommica wrote: post #130
tmnvix wrote: post #127

Earlier quoted context omitted.

We don't always have to consider the apparently very fragile and fickle motivations of investors. Social housing can and has worked very well in many cases.

Where has it been successful, and what counts as success in that? I genuinely do not know.

Primarily Vienna. There's nothing complicated about what Vienna did - other cities just prefer to please billionaires instead of providing services to citizens.

Re: Rent collections are down in New York

#138

Post by alexashka »

nikkwong wrote: post #94
jandrewrogers wrote: post #36

Earlier quoted context omitted.

I anecdotally know of a few cases in Seattle where tenants with high incomes that could easily pay just don't. There is a subculture that actively encourages this type of behavior and the laws are setup such that there are almost no consequences for it. I've also met people who bragged about doing it. While rare, it is still common enough that it has become a real problem and has become socially acceptable in some ci…

It's not rare. I repeat. It's not rare. I am a landlord in Seattle with ~55 active tenants/leases. Let's just say that I know of many landlords in the circles I run in that have absolutely stopped renting to leftie types because they've had so many issues over the last few years with many of them over litigating everything; and deciding not to pay rent over the smallest non-issues, or just not paying rent at all. I c…

> have a hatred for even well-meaning small landlords

In what way are you well meaning? You're only doing it for money.

The people not paying you rent are also only doing it for money.

Sucks when people behave like you, huh.

Re: Rent collections are down in New York

#139

Post by JuniperMesos »

naturalmovement wrote: post #120
DanHulton wrote: post #103

Earlier quoted context omitted.

Nothing on that list sounds like a particular hardship. Your "Oh, and" is unfortunate and ought to be addressed, but then again, that was intended as your cherry-topper, not your main course. This is people's _homes_ we're talking about here, not a baseball card where privileging the owner is without too much consequence. If you lack the empathy to understand why this is a special case, maybe don't be a landlord.

Actually landlords have a reasonable expectation you don't turn _their home_ into a crack house and no one should be forced to rent to scumbags.

So do other nearby tenants who aren't crack users.

Re: Rent collections are down in New York

#140

Post by onetokeoverthe »

nikkwong wrote: post #94
jandrewrogers wrote: post #36

Earlier quoted context omitted.

I anecdotally know of a few cases in Seattle where tenants with high incomes that could easily pay just don't. There is a subculture that actively encourages this type of behavior and the laws are setup such that there are almost no consequences for it. I've also met people who bragged about doing it. While rare, it is still common enough that it has become a real problem and has become socially acceptable in some ci…

It's not rare. I repeat. It's not rare. I am a landlord in Seattle with ~55 active tenants/leases. Let's just say that I know of many landlords in the circles I run in that have absolutely stopped renting to leftie types because they've had so many issues over the last few years with many of them over litigating everything; and deciding not to pay rent over the smallest non-issues, or just not paying rent at all. I c…

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