Starting October 1st, the rent is frozen. The heating bill isn’t.
With energy prices rising, NYC building owners are facing a brutal squeeze this heating season. If we want safe, livable rent-stabilized housing, the math has to work.
a month agoregwatchnyc
The heating bill squeezing stabilized buildings while rent is frozen is the part owners keep running into every October. Fuel prices do not wait for the lease renewal cycle.
a month agoregwatchnyc
The heating bill squeezing stabilized buildings while rent is frozen is the part owners keep running into every October. Fuel prices don't wait for the lease renewal cycle.
a month agocoachleni
Every other industry has increased prices because of rising fuel costs - EXCEPT LANLORDS. ;(
a month agoorensteinmartin
Mandoni rent freeze is just plain insanity and a reflection of his entire administration.
a month agowombosie
Consumers can only pay the price, or they can’t get the product or service. All products increase in price due to costs, oil is a cost. Tenants can’t get oil relief because they pay rent. Most buildings include heat in rent. Some older buildings have individual apartment heating using gas or heat pumps. Only in those situations are fuel prices separate from rents. In a free market lease renewals would see an increase based on increased costs. Also in a free market rents would go down when costs go down and owners have to compete for tenants. NYC isn’t a free market. By law prices are compelled to go up almost never down. Why? Cause obtuse people are able to dictate policies about businesses they don’t understand. Even though they don’t have the authority to do so. Don’t just Read the Constitution, comprehend it. What we are going back and forth on are multiple violations of the Constitution; 5th Amendment- Just Compensation = Market Price. 14th Amendment- Equal Treatment = Same Rights as others. Contract Clause = States cannot pass laws that impairs the obligations of existing contracts. Exactly the situation we are discussing.
a month agogeorplagian
It's all right which came first the war in Iran. And the vote in June the freeze the rents came second. Did Anybody during the hearings bring up the fact that oil heating prices are going up. And when they have a rent freeze the landlord is getting less rent because the cost of living increase it's going up and the rent freeze has not kept up with inflation what is it 3% 4% 5%? with the war in Iran. So that means the language working with less money because he's working with three or four percent less money because of the rent freeze. I'm a rent stabilized renter I can see that math. I don't know why you can't see it bri bear. The landlord is working with less.. because the rent will stay frozen for 2 years. You see how this doesn't make sense. Is rent stabilized increases just match with the realities cost of living increase. Very few times landlord made a few percentages more than the cost of living increase
a month agovega.man
How about the buildings that don’t provide heat but provide the heat pump that requires the tenants to pay for their heat. On top of that the buildings that are charging rents as if the building is providing and paying for heat. This never gets mentioned in any of your post.
a month agomrunal.sabnis
Owners can actually decide not to buy heating oil. A law passed way back in 2010 required buildings to move off heating oil to alternative fuels like natural gas or electricity. Fines start next year. If you are still on heating oil, that’s on you, not the city. Moving to natural gas is not that expensive if planned at time of boiler replacement and 16 years was more than sufficient time for that.
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