I wouldn't want to be a landlord in NYC

by FSK, Tuesday, January 06, 2026, 19:41 (100 days ago) @ JoFrance

They also have this law now:

https://www.coleschotz.com/copa-changes-the-game-for-nyc-multifamily-transactions/

If you sell a multifamily building, the government has the right to match any offer. Further, there's a waiting period before you can sell. That will make buyers reluctant, if they have to wait 90+ days for a deal to close and they risk the government matching their offer and taking it away.

I wouldn't want to be a landlord in NYC

by JoFrance, Wednesday, January 07, 2026, 19:10 (100 days ago) @ FSK

I read about COPA. It looks like a way for NYC to take over private property. There are a lot of old apartment buildings in NYC and plenty of laws in place already for how they are to be maintained, but now government competes in the sale of private property as a buyer.

It doesn't seem right to me that NYC is involved in any private property sales. They make it hard for a seller to sell to anyone else but them.

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I wouldn't want to be a landlord in NYC

by ,ndo, No refunds or exchanges! Fullstop!, Thursday, January 08, 2026, 00:28 (99 days ago) @ JoFrance

Inch by inch, property is being transferred from the masses to the lords (billionaires and supranational corporations and governments). We're on the road to feudalism.

I wouldn't want to be a landlord in NYC

by JoFrance, Monday, January 12, 2026, 19:21 (94 days ago) @ ,ndo

We're on our way to "you will own nothing and be happy". Its "warm collectivism" according to Mamdani. He didn't have a good day in court, however. Mamdani thought it would be easy to just come in and take over.

"US court rejects Mamdani's attempt to block real-estate deal involving Israeli-owned company

The deal is valued at $451 million and includes more than 5,000 apartments across 90 buildings, most of them subject to rent regulation."

https://www.jpost.com/real-estate/article-883005

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I wouldn't want to be a landlord in NYC

by Cornpop Sutton ⌂, A bad bad dude who makes good shine., Monday, January 12, 2026, 19:47 (94 days ago) @ JoFrance

I assume that to this cunt Mandami, it would be perfectly fine for a Chinese group to attempt the same investment.

I wouldn't want to be a landlord in NYC

by JoFrance, Tuesday, January 13, 2026, 18:53 (94 days ago) @ Cornpop Sutton

It looks discriminatory because its against an Israeli-owned company. Mamdani will never push the Jews out of NYC even though he would like to. That's their home.

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