The rent is too damn low, and the taxes are too damn high: landlords
JENNIFER FERMINO
What's good for rent-stabilized tenants is good for the landlords, according to the city's largest property owners group.
The Rent Stabilization Association is calling on Mayor de Blasio to place a 1% cap on city-mandated costs like real estate and water rates during the same 12-month time period that tenants are getting a generous break on their rent-stabilized leases.
The call comes just weeks after de Blasio urged the Rent Guidelines Board to enact a rent-freeze on stabilized apartments. The board, largely appointed by de Blasio, ingored his call and instead chose to allow a mere 1% hike on one year leases that begin on Oct. 1, the lowest increase in the board's 45 year history.
The RSA, which reps 25,000 property owners, says it's only fair for de Blasio to now cap rates on landlord expenses at 1%, since that's all they are getting in extra revenue.
http://www.nydailynews.com/blogs/dailypolitics/rent-damn-taxes-damn-high-landlords-blog-entry-1.1858615