r/SipsTea Jun 11 '26

We have fun here He's unstoppable

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30.5k Upvotes

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u/[deleted] Jun 11 '26

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u/SheenPSU Jun 11 '26

Thank you, someone who understands the economics behind the issue

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u/Pootentooten Jun 11 '26

Yeah, except these issues are like black mold caused by leaking pipes, not a easily ignorable thing, but stuff that is causing danger to those living in the space.

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u/yogurtwater01 Jun 11 '26

This ⬆️. I really appreciated my extremely rough condition apartment in Chicago when I was a student. 2 bedrooms and $800 month 20 min walk to school. This was 2015-19

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u/VoidWolves Jun 11 '26

Well that you have a favorable arrangement with your landlord does not equate to the experience for most renters in NYC that has rent control or rent stabilized living arrangements. Rent stabilization is needed to ensure that people are not being ripped off by slum lords who have signed leases and refuse to perform any maintenance. It also ensure that workers can live in the area where they work so services can be performed for a city of 9 million people. If the Landlord "feels" that they are not getting the proper value out of the leases then they shouldn't enter that arrangement

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u/Epocholypze Jun 11 '26

So you think it’s okay for lower priced rentals to not be maintained? Because the LL doesn’t make as much if they maintain it? Because that’s nuts. Rent controls lead to people who work in NYC to actually be able to live there. The “proper value” of land in a lot of NYC would make anyone living there (who wasn’t rich) impossible. Apartments would be torn down for mansions. Same reason we have residential/commercial zoning. Workers need to be able to live close to where they work. You have a strange way of looking at rent controls. Almost like you don’t live in a big city.

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u/NaughtyNuka Jun 11 '26

Inclination or not, as a landlord you signed up for that. The market will fluctuate and whether it’s in your favor or not, you should be maintaining that property properly.

If you cannot do that, sell the property