spoil_of_the_cities t1_je5xrkb wrote on March 29, 2023 at 5:22 PM

Reply to comment by IronyAndWhine in Passing Good Cause Eviction would NOT make it harder for landlords to evict tenants for non-payment by [deleted]

A lease that can be renewed perpetually is more valuable than a lease that doesn't come with that benefit. If I were to move under this law, I will have to pay that extra

IronyAndWhine t1_je62au1 wrote on March 29, 2023 at 5:50 PM

Even if this were the case, the bill also caps rent increases relative to inflation.

KaiDaiz t1_je690mc wrote on March 29, 2023 at 6:32 PM

>Even if this were the case, the bill also caps rent increases relative to inflation.

Only for the holdover tenant that has the perpetual lease. The new one has no such protection at start. Its back to market rate and then they get protection if they choose to stay. So again, it will have impact on the turn over rate and turn over is actually good in an housing environment when we don't have enough units.

See how its beneficial to not have a long term tenant under this bill from LL view

IronyAndWhine t1_je6cvbb wrote on March 29, 2023 at 6:57 PM

The presence of the perpetual lease will drive down costs relative to the value of any purported increase. Yes, it will probably decrease turnover; no, I don't think — nor do the many hundreds of tenant's rights organizations in NYC think — that this will ultimately hurt tenants. Your advocates in the landlord lobbies, however, seem to also think this bill will really help tenants.

I'm not interested in chatting anymore with you, please stop replying to my comments here mate.

For context, this person is a landlord who like to show up on threads like this to advocate against tenant protection policy. Seems a bit strange to me. 🤷‍♂️