Two-thirds of New Yorkers rent their homes, making it America’s biggest rental market, and it’s always had its own crazy kind of housing math. But with unemployment soaring and the typical rent about twice the national average, the numbers no longer add up. A quarter of the city’s apartment renters haven’t paid since March, according to the Community Housing Improvement Program (CHIP), a group represents mostly landlords of rent-stabilized buildings
The silver lining here is that, as the article describes, NYC is now considered a ‘tenants market’. New York has suspended eviction processes to push back on the housing crisis, but landlords can still seek judgments against them for compensation.
So, with this in mind, should there be an extension for the $600 employment benefits? Are cities in other states facing the same problems? I’m trying to find the solution here, short of rent forgiveness or some sort of renter’s bailout for the landlord’s/tenants. Thoughts?
I couldn’t get the article for whatever reason, just the comments section. I’m just curious about one thing, do the landlords get mortgage relief?
As far as your question goes, I don’t see an easy solution. Maybe a slight uptick in rent until it is all paid off? That would be the least costly solution.
One of the landlord’s in the article - 40% of their tenants haven’t paid - is quoted as saying that the only people that can take a hit like that are private equity firms, and that ‘mom and pop’ landlords are in trouble.
I don’t get it? President Trump stopped flights from China and libs labeled him a racist and xenophobe, while DeBlasio and the NYC Health Commissioner all said the virus was no big deal. Get out an partaaaaaaaaaaay. What happened? Well…when it’s all done, I’m sure somehow they’ll still blame Trump and libs will gobble that up too along with Pelosi’s chocolate ice cream?
Anecdotally, it seems that stimulus checks make debt collectors more aggressive and less patient in their efforts to snatch it up before it gets spent on necessities–especially when they’re dealing with an elderly or otherwise vulnerable person.
Stimulus checks would be better than nothing, but I think robust aid programs that are specifically targeted at basic human needs would be the best.
No, it is not. He said Trump had a history of Xenophobia (he does), not that the travel ban was xenophobic
Biden tweeted: “We are in the midst of a crisis with the coronavirus. We need to lead the way with science — not Donald Trump’s record of hysteria, xenophobia, and fear-mongering. He is the worst possible person to lead our country through a global health emergency.”
