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IbogaProject

(5,420 posts)

8. Yes those "limited equity" ones are a boondogle

Reply to moreland01 (Reply #7)

Mon Nov 10, 2025, 02:34 PM

Monday

People have to pay a mortgage on a purchase price, they do get the mortgage interest and property tax breaks, but then their equity can't appriciate. Here in NYC one of those willfully drive turnover and charge higher equity prices to incoming tenants, than what the leaving ones get. I wasn't reffering that that side, I was speaking about rental price regulation here in NYC, specifically.

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Highlight:

New York City commercial real estate industry seeks to work with Mamdani as rent freezes threaten [View all] BumRushDaShow Monday OP

And many are staying in place.................. Lovie777 Monday #1

You mean that the promised "exodus to Florida and Texas" isn't happening? OMG!!111!111!! PSPS Monday #2

If I owned an apartment building in NYC moreland01 Monday #3

"why would any landlord agree to participate in that type of program?" BumRushDaShow Monday #4

I think you are misinformed, the buildings were entered into the program longago or IbogaProject Monday #6

Where I live (Colorado) moreland01 Monday #7

Yes those "limited equity" ones are a boondogle IbogaProject Monday #8

Only buildings built before 1975 are under actual Rent Stabilization or Control IbogaProject Monday #5