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. 🤷‍♂️