Small landlords also versed in de Blasio’s two cities: OPINION

New York /
Nov.November 05, 2013 03:42 PM

Mayoral Bill de Blasio’s “tale of two cities” may have ruffled feathers in the real estate community, but in the halls of Brooklyn’s Housing Court, the idea is hitting close to home, a columnist for the New York Times observed on the day of the mayoral election.

Last year, New York City landlords launched 217,914 legal actions for rent nonpayment — a number only marginally less than the entire population of Newark, N.J. Meanwhile, real wages dipped 4.5 percent.

In certain areas of the city, notably the South Bronx, East Brooklyn and Southeast Queens, most tenants shell out over 50 percent of their income for rent, according to the Times.

But the situation is only slightly less challenging for small-time landlords, wrote Times columnist Michael Powell, a former tenant organizer in East Flatbush.

“Outside, behind the New Apollo Diner and a bail bondsman’s office, three gleaming condo towers rise,” Powell wrote. “That isn’t this world. This is hanging-by-a-shoestring New York.”

The troubled souls around him, he wrote, will be voting for de Blasio. [NYT]Julie Strickland


Related Articles

arrow_forward_ios
A rendering of 165 Broome Street (Credit: Handel Architects)
Nonprofit plans affordable housing development near Essex Crossing
Nonprofit plans affordable housing development near Essex Crossing
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
Multifamily, industrial sales highlight strong week for mid-market deals
Multifamily, industrial sales highlight strong week for mid-market deals
Multifamily, industrial sales highlight strong week for mid-market deals
Mayor Bill de Blasio (Getty, iStock)
NYC to require vaccines for indoor dining, gyms and performance venues
NYC to require vaccines for indoor dining, gyms and performance venues
Gov. Andrew Cuomo and Mayor Bill de Blasio (Getty, iStock)
De Blasio bumps up city vouchers as state increase stalls
De Blasio bumps up city vouchers as state increase stalls
Rep. Alexandria Ocasio-Cortez, President Joe Biden and House Speaker Nancy Pelosi (Getty)
Democrats urge Biden to extend eviction ban after House effort falls short
Democrats urge Biden to extend eviction ban after House effort falls short
From left: Camber Property Group principals Rick Gropper, Andrew Moelis, Harlem Congregation for Community Improvement president Malcolm Punter and 104-110 West 144th Street in Harlem (Photos via Camber, Harlem Congregation, Ariel Property Advisors)
Affordable housing developer Camber Property buys 60-unit Harlem complex
Affordable housing developer Camber Property buys 60-unit Harlem complex
Rep. Alexandria Ocasio-Cortez and President Joe Biden (Getty)
Tenant advocates frustrated with Biden’s eviction response
Tenant advocates frustrated with Biden’s eviction response
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...