After a 7 month break Realty Speak is back on air with Val, Lincoln and Irving, 3 NYC property owners, who are part of the leadership of Small Property Owners of New York aka SPONY.
Val, Lincoln and Irving discuss the last 4 years and what legislative mistakes have led up to this present day intolerable rental housing crisis in NY City. More importantly they share the needed corrections to evolve from this socially dire predicament.
Important Links mentioned in episode or commercial:
NYC Local Law 152 – Periodic Inspection of Gas Piping Systems – https://www.keepmygas.nyc/
The 2 NYS Legislature Bills that passed in session overtime that are not housing friendly are:
Senate Bill S2980C – Assembly Bill A6216B – STATUS as per NY State Senate website – Passed Senate & Assembly.
Senate Bill S2943B – Assembly Bill A4047B – STATUS as per NY State Senate website – Passed Senate & Assembly.
The NYS Assembly Bill that did not pass during the 2023-2024 Legislative Session that was supported by property owners as a good start to positive change; the Local Regulated Housing Restoration Adjustment aka LRHRA.
Assembly Bill A06772 – STATUS as per NY State Assembly website – 05/08/2023 Referred to Housing.
State Lawmakers Attempt To Quietly Pass Destructive Housing Bills, CHIP Press Release, June 9th, 2023
To reach out to your State Senator, State Assembly Member and NY City Council Member go to Who Represents Me? NYC and enter your NY City address.
The search will return a list of all your Federal, State and City elected officials.
Please call and/or email them and share your dissatisfaction with Senate Bill S2980C/Assembly Bill A6216B & Senate Bill S2943B/Assembly Bill A4047B; your support of a better version of Assembly Bill A06772.
Links to the property owner advocate organizations:
Small Property Owners of New York aka SPONY. Val, Lincoln and Irving are part of the executive leadership.
Community Housing Improvement Program aka CHIP.
CHIPS’s website that covers the issue of vacant Rent Stabilized apartments.
Rent Stabilization Association aka RSA.
Related to Constitutional Challenge to NY State Rent Laws:
CHIP and RSA Constitutional Challenge to NY State Rent Laws website.
Constitutional Accountability Center
Why rent control in NYC could become the new abortion, The NY Post by David Christopher Kaufman August 12, 2023.
The Federalist Society hosted CHIP v. NYC lead counsel Andy Pincus and discussed the U.S. Supreme Court case, Federalist Society August 9, 2023.
Supreme Court urged to step in on blue city’s ‘draconian’ rent-control laws. Fox News July 13th, 2023.
New York Rent Control: Could the End be Near? By Howard Husock, AEIdeas, July 12, 2023
The case against New York’s Rent Regulatory Regime, National Review, By: Bobby Miller, July 6, 2023
Rent/Landlord Control Challenged in NYC. CATO DAILY PODCAST, Cato Institute, CATO DAILY PODCAST, Caleb O. Brown & Thomas A. Berry, June 19, 2023
Landlords Take NY Rent Law Appeal to US Supreme Court. Groups file petition asking top court to rule on constitutionality of 2019 law. By Jack Rogers May 10, 2023 at 06:30 AM Globest.
Guests on Episode 48:
To reach Valentina Gojcaj:
OneSource Property Management Services
To reach Lincoln Eccles:
Property Owner/Manager in Crown Heights
To reach Irving Lee:
2nd generation property owner and resident in Chinatown, Manhattan.
To Reach Bill:
As always – Bill, the host of Realty Speak, is ready to be a resource to you when you finance, sell or purchase investment real estate and help you navigate around what you already own.
Visit Bill’s website www.billweidner.com
Connect with Bill on LinkedIn https://www.linkedin.com/in/billweidner/
ALL EPISODES: https://realtyspeak.nyc/episodes/
Additional Resources from Bill:
NYC Local Law 152 – Periodic Inspection of Gas Piping Systems – Solution @ https://www.keepmygas.nyc/
Property Owner and Property Manager Resource Page
Commercial Mortgage Quote – CLICK HERE to connect with Stuart Gelb, my investment property loan partner, when considering the financing of any part of your existing portfolio or when purchasing a new building or site. Stuart will loop me in to help you with the process.
Who is Stuart? Listen to his Realty Speak Episode HERE.
Thinking of selling your investment Property?
CLICK HERE to contact me to discuss your goals so I can craft a plan to sell your investment real estate and also make sure that at closing you have a plan for the sale proceeds and that you shelter as much of those proceeds from capital gains tax as possible.