Posted on 08/10/2020 3:05:18 PM PDT by AbolishCSEU
Albany, NY -- When can New York landlords once again evict tenants from their residences? When the state’s Covid-19 emergency is over, according to a recent state law.
Put another way, there can be no evictions until Gov. Andrew Cuomo says there can.
(Excerpt) Read more at syracuse.com ...
Unequal protection. Landlords are not second-class citizens.
And he thinks Trump was laughable.
Prepare to watch the biggest Land Grab the country has ever seen.
Is there any forbearance mandated on landlord mortgages? Are they protected from bankruptcy?
Not that I know of.
No indictments against the SUPEREVIL?
What about property taxes, they just don’t go away either
Well, this means that Comrade Deblasio and his commie wife are safe for the moment.
“Prepare to watch the biggest Land Grab the country has ever seen.”
I have heard the conspiracy theory that this is so big companies can buy up the little guys who will go out of business because of cash flow problems. But, I don’t think NY real-estate will recover. Nobody wants to live in the city anymore. And, there’s no reason to live there. We have proven that many jobs can be done from home. Why go live in a giant $hit hole?
The damage to REITS those real estate investments in most pensions and retirement portfolios has been massive.
Landlords and pensioners have taken the brunt of the losses
Very communist as Communism considered investment income unfair and the rentier The very basis of capitalist evil.
Stealing from another’s livelihood doesn’t bother commies.
P.S. this is state wide so applies to both downstate AND upstate.
Yep. I used to own rental property in inner city Rochester NY back in the nineties when Mayor Bill (Grady) Johnson (looks like Lori Lightfoot’s brother) was in charge.
I do own property now in a bedroom community with decent tenants. The regulations also changed in 2019 where you can no longer screen based on eviction history. Those records are sealed per King Kuomo.
Unemployment plus the Federal benefit was supposed to be for things like rent. Wasn’t it? You know what will happen. Tenants will ride out the rent forbearance as long as they can, and then skip out in the middle of the night. No everyone, of course, but it will happen to some degree.
Once a renter gets it into their head that they don’t want to leave a rental, they can drag it our for 6 months easily, rent free, before the NY authorities will throw them out.
Yes, I’m sure landlords have it so easy as it is.
Thanks Emperor.
Well, that is next June 2020, minimum...
Andy mussilini needs to be mussilini’d
[[[For now, the courts that handle evictions aren’t even open yet. But beware: landlords will still be able to go to court in the future to collect unpaid rent during the pandemic.]]]
LOL, good luck with that. they’ll be lucky to get out of it with their apartments intact and call it a day.
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