NYC bans renters from paying broker fees up front

[Saltwater60]

Are these people seriously stupid. Do they not think the renters will put this anyway? The landlords will just add it into the rent and if you’re a long term renter you’ll end up paying more money in the long run.

A New York City Broker Responds to the New Fee Ban: “Manhattan Is Going to Crumble”

The ruling by state regulators has left the real estate industry reeling.

slate.com

 

[C3D]

This one has my real estate friends in a huff. No warning, and upends the system entirely.

 

[Bigfoot]

From the article.
"is having a lot of adverse effects that these lawmakers are not understanding.
It’s very much clear to me that a lot of these lawmakers don’t have a real sense of how this business works in this city, because they’re also harming New York residents with some of these laws."


That's how the NYS government rolls.

 

[Acer-m14]

It’s very much clear to me that a lot of these lawmakers don’t have a real sense of how this business works in this city

they don't know how anything works . ... what has a politician FIXED ? LOL ..

 

[BDinPutnam]

This one has my real estate friends in a huff. No warning, and upends the system entirely.

Some thought it couldn't be done, but I maintain a deep confidence in DiBlaso's ability to find a new group of people to alienate every single day.

 

[GOPerfect]

I am not sure if I should care about this.

 

[Acer-m14]

I am not sure if I should care about this.

your safe, your not renting the camp and is not in NYC ... yet lol

 

[C3D]

Some thought it couldn't be done, but I maintain a deep confidence in DiBlaso's ability to find a new group of people taxpayers to alienate every single day.

FIFY

 

[Jezman]

Good these people voted for their leadership. How you doing now NYC

 

[Saltwater60]

From the article.
"is having a lot of adverse effects that these lawmakers are not understanding.
It’s very much clear to me that a lot of these lawmakers don’t have a real sense of how this business works in this city, because they’re also harming New York residents with some of these laws."


That's how the NYS government rolls.

Glad to see they are ducking with other industries and kissing others off.

 

[Saltwater60]

I am not sure if I should care about this.

Me neither but it pisses other people off and effects other people’s lives. So if this helps us get the emperor out of office you should care. That’s why I posted it.

 

[John Stark]

what has a politician FIXED ?

IMHO, politicians have "fixed" a lot of things.... in their own favor and to their own liking and power and wealth.

They "fix" elections and citizenship and crime and taxes and laws and common standards of decency, and on and on and on, to the detriment of everyone else who doesn't live in a high rise or a gated community with 24 hour armed soldiers to protect them from the plebes.

And its high time we formulate a plan and organize to return the favor and fix them for good.