2 ms·

There will be no incentive to be a good landlord when it legally can't net you more money than being a bad one. NYC made a law that banned landlords from doing

by zelly 7y ago

There will be no incentive to be a good landlord when it legally can't net you more money than being a bad one. NYC made a law that banned landlords from doing more than some percentage worth of capital improvements. The result is nobody improves anything, and the buildings and living quality just gets worse for everybody.

kingkawn 7y ago
That hasn’t been the result in nyc to date, and there were plenty of abusive, negligent landlords before. The only difference with the new laws is that tenants have enhanced legal rights to prevent that abuse.