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The property owner is responsible for making sure the city gets the payment. But the money comes from the tenants. Lol.
That's not true. You asked who pays the property taxes. Landlords pay the property taxes. Tenants pay rent. If a tenant doesn't pay rent, that doesn't absolve the LL from paying their property taxes
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Originally Posted by SeventhFloor
Of course there's a black market for market rate apartments, you think every single apartment gets listed? Lol. Houses are sold off-market all the time, what makes you think market rate apartments are exempt.
Look, you guys can wish to abolish rent stabilization all you want. If it ever happens, it's going to lead to even higher rents, and even more people leaving the city, and then you'll really have nothing left. So keep wishing for it, because nobody is going to pay the commuting costs, and the utilities are just going to raise their rates even more because the rents have increased. Some of you live in pure fantasy.
You clearly don't understand what a black market is.
You do realize that there's a substantial shortage of housing in NYC, correct? If people were leaving the city, why would we have a severe shortage in housing? Your argument is literally not possible. It cannot be true simply due to the reality at hand. Who lives in a fantasy land?
That's not true. You asked who pays the property taxes. Landlords pay the property taxes. Tenants pay rent. If a tenant doesn't pay rent, that doesn't absolve the LL from paying their property taxes
You clearly don't understand what a black market is.
You do realize that there's a substantial shortage of housing in NYC, correct? If people were leaving the city, why would we have a severe shortage in housing? Your argument is literally not possible. It cannot be true simply due to the reality at hand. Who lives in a fantasy land?
Where does the money come from to pay the property taxes… so I guess the LL does not use any of the rent they collect to pay it, right? Smh
Also, who’s leaving the city more? Owners or renters?
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
Go read about what happened when they got rid of rent stabilization in Boston and come back
Even if it worked well in Boston, that wouldn't be "proof" of anything that could possibly happen in the future. I'm not even making an argument about getting rid of rent stabilization, just pointing out that it's impossible to "prove" what's going to happen in the future.
That's not true. You asked who pays the property taxes. Landlords pay the property taxes. Tenants pay rent. If a tenant doesn't pay rent, that doesn't absolve the LL from paying their property taxes
You clearly don't understand what a black market is.
You do realize that there's a substantial shortage of housing in NYC, correct? If people were leaving the city, why would we have a severe shortage in housing? Your argument is literally not possible. It cannot be true simply due to the reality at hand. Who lives in a fantasy land?
Slight correction. Co-op owners ( of which there are many under rent stabilized programs like Mitchell Lama) pay real estate property taxes too. It's just bundled into their maintenance fees over a year period.
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