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> (BTW I say "seize" because what you're proposing would never happen alone on any significant scale without eminent domain). How so? Landlords would jump to s
by ng12 8y ago
> (BTW I say "seize" because what you're proposing would never happen alone on any significant scale without eminent domain).
How so? Landlords would jump to sell their rent-controlled buildings to developers who are champing at the bit. City programs are the only thing preventing development from happening.
- drugme 8y agoLandlords would jump to sell their rent-controlled buildings to developers who are champing at the bit. This is wishful thinking, on a number of fronts. For example one does not simply "sell" (meaning, in the context of proposed redevelopment: purge all the tenants from) a rent-controlled building in NYC. Or even an existing coop or condo building, for example.