More than 13K rent-stabilized units in NYC are sitting empty for multiple years, report finds
gothamist.com
A city Independent Budget Office report examines vacancy data from the state’s housing agency amid concerns of "warehousing."

cross-posted from: https://lemmy.crimedad.work/post/12162

Why? Because apparently they need some more incentive to keep units occupied. Also, even though a property might be vacant, there’s still imputed rental income there. Its owner is just receiving it in the form of enjoying the unit for himself instead of receiving an actual rent check from a tenant. That imputed rent ought to be taxed like any other income.

  • Olgratin_Magmatoe@startrek.websiteEnglish
    1·
    10 months ago

    There is value in someone figuring out all the finance mess so that when someone wants a place to live it exists.

    That’s the job of a manager, which isn’t what a landlord generally does. And even on the rare times when a landlord actually does do some financial management, it takes up a minority of the time.

    I don’t want to spent 200 days of my life building a house, I just want a place to live.

    I would like to do so at some point, and I don’t blame you for not wanting to do so. But housing needs to be affordable and it isn’t.