The Real Deal New York

Landlords to run 700 ads against proposed rent freeze

Owners gear up for fight as Rent Guidelines Board prepares for public hearings on plan

June 12, 2014 09:00AM

  • Print
From left: Rent Stabilization Association President Joseph Strasburg, a tenant rally in New York and Mayor Bill de Blasio

From left: Rent Stabilization Association President Joseph Strasburg, a tenant rally in New York and Mayor Bill de Blasio

New York’s landlords are fighting against a rent freeze.

The Rent Stabilization Association, an organization that represents 25,000 landlords in New York City, launched a six figure-campaign to prevent the Rent Guidelines Board from going through on installing a rent freeze.

It would be the first rent freeze on rent stabilized apartments in the city’s history. The plan is supported by Mayor Bill de Blasio, who campaigned on the issue. The first of five public hearings on the matter was scheduled for Thursday.

The Rent Stabilization Association has paid for more than 700 ads to air, more than 40 per day, on radio and television.

Joseph Strasburg, the association’s president, said his organization launched the campaign to improve the reputation of landlords of affordable housing.

“People think all landlords are rich, but over 70 percent of our members are small-property owners who provide affordable housing for the majority of the population,” Strasburg said.  [NYDN] – Claire Moses 

  • TRUTH TALKER

    Let’s be honest: Nobody living in New York City should have rent subsidized. It’s unfair that many people pay extra rent so that people who can not afford to live in U.S.A’s most expensive city can live there. If you can not afford to live in Manhattan, then live outside in NJ like many other people. All that rent subsidies do it raise the rent for regular people, who then cannot afford the higher rent and also save for retirement, but do all the work to pay for their own rent, plus part of someone else’s. The people living off subsidizes apartments need to figure out how to support their own lifestyle without forcing hardships onto others.

    • WannaBeLandlord

      At the very least there needs to be an income ceiling. I personally know people living in stabilized units that could easily afford the mortgage and down payment for a condo. Just seems like that these apts are used as a lifestyle subsidy / retirement tool.

      • noclist

        There is an income ceiling. I think it’s currently 250k for 2 consecutive years.

        • WannaBeLandlord

          You are correct. I should have been more specific. Like someone’s complete financial profile.

        • JoeyWall

          That ceiling only applies if the RS rent is above $2500/month. If the rent is below $2500/month, there is no income limit whatsoever. (No, it doesn’t make any sense)

    • noclist

      Manhattan is very different than the outer boroughs. The difference between a stabilized apt and a free market apt in the same building is minimal. Maybe a couple of hundred a month for those who have been in the building for many years. Interestingly enough, when these apts become market rate, they remain empty for much longer than their identical RS apts. In one instance, the market rate apt was not renting and the rent had to eventually be reduced before someone would take it.

    • http://synapse9.com/signals Jessie Henshaw

      What worries me is that my landlord lowered the rent to the point I rented it for ten years ago, but… and has been keeping double books claiming the rent he wished he had rented it for as the “legal market rent” for rent stabilization guidelines. I’m on SS with inadequate savings and the rent has already doubled, having done no apartment work at all, just following the generous rent stabilization guidelines plus the “little extras” he adds for himself and makes clear I better not object to. Landlord submittals are not reviewed for following the law so the only way I’d have to protect myself is to take him to court for fraud, a huge risk and disruption of one’s life, when all you want is to be treated fairly…

  • RY

    How many votes did DiBlasio get by campaigning on no increase in the primary and then the general election? The needs of the renters or the wants of the landlord played no part in this decision.

  • FLIPoutNYC

    The gov’t has nothing else to do but to give free money to freeloaders. They don’t hand out to the people who really need it. The welfare people will always be on welfare, the section 8 people will always be on the program and along with others. They will suck it up the gov’t money. These politicians will only listen and do things for the people who will vote for their elections.

MENU

Subscribe to our email newsletters

New York Real Estate News
South Florida Real Estate News