Many other owners of rent-stabilized housing across New York City are stuck with onerous debt after they took out hefty loans to purchase buildings, lift apartments out of the rent-stabilization system and raise rents. New tenant protections laws made many of those tactics illegal in 2019, upending their business model.
That’s a friendly way to describe a set of practices that are predatory and toxic to both society at large and the neighborhoods these lowlifes operate in.
Oh no, the scumbags that thought they could buy buildings and exploit the people living in them are now in debt. What shall we ever do? (Fuck 'em)
Say about Mamdani what you will. But he gets shit done. That’s not his first win and more will follow I bet.
Imagine all politicians would only be half like that…
He does all that and has a better youtube upload schedule than most content creators.
no single landlord should have control over that many units
A Gothamist review of court records shows at least 84 separate limited liability companies linked to Pinnacle filed at least 2,569 nonpayment eviction lawsuits in the five years between April 2021 and April of this year, when Summit took control.
The monkey paw has granted your wish!
In my view, the scenario shouldn’t even be able to arise where that is possible.
That landlord is managing as many households as a medieval noble, without any of the associated social responsibilities.
“Kuo said tenants dealt with a range of problems in their buildings including caved-in ceilings, heat outages and, at times, darkened hallways after Con Edison cut the common area electricity due to the landlord’s unpaid bills.”
All that money and won’t even pay the electric company this person is actually unwell seriously.
And every MAGAt in a trailer making minimum wage will fight you to the death that the free market will solve this, changing anything will prevent the American entrepreneurial spirit and regulations will only make things worse.
Brainwashing is amazing.
It actually did change things for the better in places that build housing. Rents down in places like Austin because Texas builds
It’s almost like all the modern problems in society are manufactured, hmm…
