3 ms·
How is that legal?
by grugagag 3y ago
How is that legal?
- paulgb 3y agoIf it weren't legal, we'd instead just see deals like this go to friends/family of the owner, or the payment would be under-the-table instead of an upfront broker's fee.
- wordpad25 3y agoYou could make the same argument about any law. Why don't we just make murder and rape also legal to better track it?
- paulgb 3y agoMy point is not that it should be legal (as an NYC renter I’d be glad to see a cap on broker’s fees), but that we shouldn’t delude ourselves into thinking that artificial price ceilings would work if only we plugged one last loophole. For every loophole you plug there are two more. This is not true of, say, murder! Whenever we artificially manipulate the market with ceiling prices, it necessarily means there will be some demand unfulfilled. A better approach is to build enough housing to satisfy the demand.
- mistercheph 3y agoElect this man immediately!
- the_optimist 3y agoBecause humans can’t legislate utopia. Economics and social suasion dominate the law.
- gnopgnip 3y agoNY passed a law banning broker fees but it was overturned by the courts. Broker fees are legal as long as the tenant contacts the broker. https://www.brickunderground.com/sites/default/files/901586_20_Real_Estate_Board_of_N_v_Real_Estate_Board_of_N_JUDGMENT_64.pdf https://www.brickunderground.com/sites/default/files/901586_...