Article

2020-11-03 Economy

Doomsday for many NYNY landlords is this Tuesday.

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Posted by 3dc 2020-11-03 00:00|| || Front Page|| [6 views ] Top

#1

I guess the NY Gov did not think that one all the way thru either.

With NO Rent money coming in how will building upkeep and repairs be made?

With NO Rent Money coming in how will the money for property taxes be collected to pay NY/NYC?

Posted by NN2N1 2020-11-03 05:28|| 2020-11-03 05:28|| Front Page Top

#2 How can you charge a property tax when you've closed the property and made the property less valuable.

I'm all for title taxes (as im a capitlaist not a socialist) but they MUST be related to title value created by the state.

i.e. the great value of property taxes to the state is telling them what they are doing is harmful to them as well as the serfs....

Posted by Bright Pebbles 2020-11-03 07:45|| 2020-11-03 07:45|| Front Page Top

#3 Watch for a Soros type to swoop down and buy whole blocks of these properties so that, if and when the pandemic ends, small owners are gone and super landlords rule. They'll have their tenants by the short hairs.

Posted by Abu Uluque 2020-11-03 11:20|| 2020-11-03 11:20|| Front Page Top

#4 Who'd live in NYC if they didn't have to?

Posted by g(r)omgoru 2020-11-03 12:03|| 2020-11-03 12:03|| Front Page Top

#5 Some people say it's pretty cool if you have LOTS of money. But with the pandemic, I don't hear anybody with anything good to say about it.

Posted by Abu Uluque 2020-11-03 13:07|| 2020-11-03 13:07|| Front Page Top

#6 Good luck following the money but you can bet the best foreclosed properties will be scooped up for pennies on the dollar by politically connected.

Posted by Glenmore 2020-11-03 13:08|| 2020-11-03 13:08|| Front Page Top

#7 How are REITs doing. Been working too much to check.

Posted by Vespasian Ebboting9735 2020-11-03 13:42|| 2020-11-03 13:42|| Front Page Top

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