Submitted by natekrinsky t3_11lwf9w in nyc
cocktails5 t1_jbhwy60 wrote
Reply to comment by bitchthatwaspromised in With an absentee corporate landlord, Upper Manhattan tenants unite to demand repairs by natekrinsky
The city had a solution to this: replacing the current HDFC agreement with one that included asset limits. HDFC owners threw a fit because it would have tanked their property values because the HDFC market right now revolves around these all-cash offers from people who on paper don't have an income. They tried to entice the HDFCs with more tax abatements but nobody seems interested.
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