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Sep 19 - Renters who signed those pandemic deals for to live in nyc are now facing reality



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 4 weeks ago '20        #1
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Eatsumcheese  topics gone triple plat - Number 1 spot x96
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Sep 19 - Renters who signed those pandemic deals for to live in nyc are now facing reality
 

 

The pandemic-era rental market in Manhattan gave people the chance of a lifetime to move into the apartment of their dreams. Ten months is all they got.

Landlords are jacking up rents ó often by 50, 60 or 70% ó on tenants who locked in deals last year when prices were in freefall. Some renters are being forced to move at a time when the market is roaring back to nearly pre-pandemic levels. And concessions are slipping away.

Andy Kalmowitz didnít think twice in November before signing a 10-month lease on a two-bedroom, two-bathroom apartment in the desirable East Village neighborhood for $2,100 a month. When it was time to renew, his landlord asked for $3,500, a 67% increase.

visit this link https://www.bloomberg.com .. ?sref=mNrqRJq9
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 4 weeks ago '20        #2
LordGimmeASign 
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There were pandemic deals?

And they could legally hike the rent up like that? Not saying I'm unaware that this happens but this would be kinda like a rug pull for someone newly moving into a place who may be also new to renting and might be on a tight budget.

But on a side note, usually those available units are listed with deals or promos so they can get people to fill up those units and then that's when bullsh*t is likely to occur, especially if you aren't financially prepared and/or if you don't know who is allowed/not allowed to do what legally.
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 4 weeks ago '06        #3
bigkilla  topics gone triple plat - Number 1 spot x1
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 LordGimmeASign said
There were pandemic deals?

And they could legally hike the rent up like that? Not saying I'm unaware that this happens but this would be kinda like a rug pull for someone newly moving into a place who may be also new to renting and might be on a tight budget.

But on a side note, usually those available units are listed with deals or promos so they can get people to fill up those units and then that's when bullsh*t is likely to occur, especially if you aren't financially prepared and/or if you don't know who is allowed/not allowed to do what legally.
Whatís the issue? They likely signed 12 month leases and those leases ended and now the landlord wants to charge more..

The person renting isnít naive.. they knew they got a deal.
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 4 weeks ago '20        #4
LordGimmeASign 
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 bigkilla said
Whatís the issue? They likely signed 12 month leases and those leases ended and now the landlord wants to charge more..

The person renting isnít naive.. they knew they got a deal.
He probably thought the rent was gonna stay that way when it came time to renew his lease.
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 4 weeks ago '06        #5
bigkilla  topics gone triple plat - Number 1 spot x1
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 LordGimmeASign said
He probably thought the rent was gonna stay that way when it came time to renew his lease.
No shot
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Top 10 most slapped recently  4 weeks ago '05        #6
POSITIVITY  topics gone triple plat - Number 1 spot x59
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We are still in the middle of a pandemic
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 4 weeks ago '20        #7
NamelessONE  topics gone triple plat - Number 1 spot x13
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 EMPATHY said
We are still in the middle of a pandemic
New normal
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Top 10 most slapped recently  4 weeks ago '05        #8
POSITIVITY  topics gone triple plat - Number 1 spot x59
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 NamelessONE said
New normal
Still pandemic
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 4 weeks ago '20        #9
NamelessONE  topics gone triple plat - Number 1 spot x13
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 EMPATHY said
Still pandemic
Still new normal
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 4 weeks ago '05        #10
pippen33 
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 LordGimmeASign said
He probably thought the rent was gonna stay that way when it came time to renew his lease.
That's not how it works. Have you ever paid rent? I have rented in multiple states and the rent always goes up at renewal.

As the tenant if you don't like it then leave. It's simple.
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 4 weeks ago '20        #11
LordGimmeASign 
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 pippen33 said
That's not how it works. Have you ever paid rent? I have rented in multiple states and the rent always goes up at renewal.

As the tenant if you don't like it then leave. It's simple.
The slick rhetorical question honestly wasn't needed bro, and I'll refrain from responding just as crazy along with addressing sh*t that's already been addressed.

You typed up this nice response disregarding that I said I'm not unaware of landlords being able to hike the rents up on their tenants (in non-rent controlled areas/settings). My initial reaction was mainly based on how it was crazy how they hiked the rent up on him so abruptly by over 50%. Usually they give notices when that takes place so hopefully he braced himself and didn't get too comfy...
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 4 weeks ago '04        #12
nicoled985 
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California has a law where rent can’t be raised more than 5% plus the local rate of inflation a year

“ On January 1, 2020, state law AB 1482 (California Tenant Protection Act) went into effect. AB 1482 caps rent increases statewide for qualifying units at either 5% plus the increase in the regional consumer price index (CPI), or 10% of the lowest rent charged at any time during the 12 months prior to the increase—whichever is less. Additionally (and subject to the rent cap), rent may only be raised twice over any 12 month period. AB 1482 does not override more restrictive city and county rent controls, but might apply to units they don't cover.”

Keep in mind, local laws are stricter.


Last edited by nicoled985; 09-19-2021 at 01:02 PM..
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 4 weeks ago '07        #13
yola  topics gone triple plat - Number 1 spot x59
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 nicoled985 said
California has a law where rent canít be raised more than 5% plus the local rate of inflation a year
they had this in Hollywood when i lived there, but it was rarely enforced

our sh*t was $1050, at least they told us a couple months out, but they wanted $1300 for the next lease, when i said "rent control" they basically smiled, nodded their head and said "m-hm", but still wanted $1300

when i asked around the general consensus was "yeah, if you got the time "and money", f*ght it, but remember, you'll be f*ghting the people in charge of the place you're f*ghting to live at, that might not work out well"

so we found a better place a few blocks away for $1100
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 4 weeks ago '12        #14
BlessInTheSky  topics gone triple plat - Number 1 spot x2
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 bigkilla said
What’s the issue? They likely signed 12 month leases and those leases ended and now the landlord wants to charge more..

The person renting isn’t naive.. they knew they got a deal.
They can hike up the rent by that much to renew the lease? I know they can set a new rate at whatever they want to NEW tenants, but they shouldn't be able to do that to current tenants looking to renew.


 pippen33 said
That's not how it works. Have you ever paid rent? I have rented in multiple states and the rent always goes up at renewal.

As the tenant if you don't like it then leave. It's simple.
Yeah, landlords are allowed to increase for the new lease, but the city sets a limit to how much they can increase it by. Or is it different in NY?


Last edited by BlessInTheSky; 09-19-2021 at 01:26 PM..
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 4 weeks ago '10        #15
lltreyll 
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Reminds me how big cities often have an odd, prison-like effect on people that go to ridiculous lengths. A lot like hostages developing stockholm syndrome that will enable and defend their captors...

Somebody can say the truth about all the overcrowded, expensive bullsh*t in big cities, and it's not uncommon for those kind of people to deny, attempt to justify and defend all the bullsh*t they could get away from, but dont...

So its like they have a thing for completely unnecessary, problematic bullsh*t. And maybe they dont have contrast or enough experience elsewhere, but people like that definitely underestimate and dont seem to understand themselves.
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 4 weeks ago '12        #16
jdario 
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No rent control laws to protect consumers?
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 4 weeks ago '04        #17
jlandryst  topics gone triple plat - Number 1 spot x48
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 BlessInTheSky said
They can hike up the rent by that much to renew the lease? I know they can set a new rate at whatever they want to NEW tenants, but they shouldn't be able to do that to current tenants looking to renew.




Yeah, landlords are allowed to increase for the new lease, but the city sets a limit to how much they can increase it by. Or is it different in NY?
 yola said
they had this in Hollywood when i lived there, but it was rarely enforced

our sh*t was $1050, at least they told us a couple months out, but they wanted $1300 for the next lease, when i said "rent control" they basically smiled, nodded their head and said "m-hm", but still wanted $1300

when i asked around the general consensus was "yeah, if you got the time "and money", f*ght it, but remember, you'll be f*ghting the people in charge of the place you're f*ghting to live at, that might not work out well"

so we found a better place a few blocks away for $1100
 nicoled985 said
California has a law where rent canít be raised more than 5% plus the local rate of inflation a year

ď On January 1, 2020, state law AB 1482 (California Tenant Protection Act) went into effect. AB 1482 caps rent increases statewide for qualifying units at either 5% plus the increase in the regional consumer price index (CPI), or 10% of the lowest rent charged at any time during the 12 months prior to the increaseówhichever is less. Additionally (and subject to the rent cap), rent may only be raised twice over any 12 month period. AB 1482 does not override more restrictive city and county rent controls, but might apply to units they don't cover.Ē

Keep in mind, local laws are stricter.
 LordGimmeASign said
There were pandemic deals?

And they could legally hike the rent up like that? Not saying I'm unaware that this happens but this would be kinda like a rug pull for someone newly moving into a place who may be also new to renting and might be on a tight budget.

But on a side note, usually those available units are listed with deals or promos so they can get people to fill up those units and then that's when bullsh*t is likely to occur, especially if you aren't financially prepared and/or if you don't know who is allowed/not allowed to do what legally.
NY State Rental Law

Better Notice of Rent Increases and Lease Non-Renewals

ē If you live in an apartment that is not rent stabilized or controlled, there is still no limit on how much your landlord can increase your rent. However, your landlord must give you advanced written notice before they can raise your rent 5% or more.
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 4 weeks ago '21        #18
nocomment  topics gone triple plat - Number 1 spot x1
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 jdario said
No rent control laws to protect consumers?
doesn't really apply to market rate apts

Andy Kalmowitz didnít think twice in November before signing a 10-month lease on a two-bedroom, two-bathroom apartment in the desirable East Village neighborhood for $2,100 a month. When it was time to renew, his landlord asked for $3,500, a 67% increase.


you pose to snake them first should of been 2-3 years leases or no signature
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 4 weeks ago '12        #19
BlessInTheSky  topics gone triple plat - Number 1 spot x2
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 jlandryst said
NY State Rental Law

Better Notice of Rent Increases and Lease Non-Renewals

ē If you live in an apartment that is not rent stabilized or controlled, there is still no limit on how much your landlord can increase your rent. However, your landlord must give you advanced written notice before they can raise your rent 5% or more.
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 4 weeks ago '04        #20
nicoled985 
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 yola said
they had this in Hollywood when i lived there, but it was rarely enforced

our sh*t was $1050, at least they told us a couple months out, but they wanted $1300 for the next lease, when i said "rent control" they basically smiled, nodded their head and said "m-hm", but still wanted $1300

when i asked around the general consensus was "yeah, if you got the time "and money", f*ght it, but remember, you'll be f*ghting the people in charge of the place you're f*ghting to live at, that might not work out well"

so we found a better place a few blocks away for $1100
Damn. That’s not cool at all. Glad you found something tho
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 4 weeks ago '04        #21
jlandryst  topics gone triple plat - Number 1 spot x48
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 jdario said
No rent control laws to protect consumers?
You have to have one of these old a*s apartments in New York for it to be rent controlled and your parents or grandparents had to have put you on the lease
And they still be trying to fu*k with you and put you out. My friend has a 2 bedroom apartment and itís huge in a building on 96th street upper west side that her Momma was living in since the 70s when she came from Central America. Her rent is like $375. And she donít have to move if she donít want to. The landlord has took her to court talking about she been late paying rent. Refuses to fix stuff in the apartment. Even tried buying her out and she been like nope. But she took the landlord to court and won and he had to fix up her apartment like he fixed up all those other apartments he charging 3500-4000 a month for lol
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 4 weeks ago '19        #22
SuperPawgHunter  topics gone triple plat - Number 1 spot x7
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 yola said
they had this in Hollywood when i lived there, but it was rarely enforced

our sh*t was $1050, at least they told us a couple months out, but they wanted $1300 for the next lease, when i said "rent control" they basically smiled, nodded their head and said "m-hm", but still wanted $1300

when i asked around the general consensus was "yeah, if you got the time "and money", f*ght it, but remember, you'll be f*ghting the people in charge of the place you're f*ghting to live at, that might not work out well"

so we found a better place a few blocks away for $1100
Are you black?

Not even being funny. Asking as someone who went from being interested in moving to LA, then starting watching videos and reading about LA gangs and spooked myself. Also, I know white boys ain't out there getting pressed like that.

How is the climate out there now?

Are they still approaching anyone that even remotely look like they bang, pressing them on where they are from?
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 4 weeks ago '17        #23
2007 
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Hahhhahaha.
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 4 weeks ago '16        #24
Dino87 
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forced socialism is communism....




As much as I want our fellow white citizens to give up their stolen wealth... They need to be forced to pay the state of new York to redistribute housing in upstate NY
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 4 weeks ago '16        #25
MulaAve  topics gone triple plat - Number 1 spot x3
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These people were idiots

You’re paying to live in nyc but nyc wasn’t nyc during the pandemic

n*ggas were actually LEAVING nyc

Now when nyc is back to being nyc u about to get packed up

Might as well have lived in Syracuse the last 2 years and stacked, nyc was dead u wouldn’t have missed nothin
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