More than 13K rent-stabilized units in NYC are sitting empty for multiple years, report finds
gothamist.com
A city Independent Budget Office report examines vacancy data from the state’s housing agency amid concerns of "warehousing."

Why? Because apparently they need some more incentive to keep units occupied. Also, even though a property might be vacant, there’s still imputed rental income there. Its owner is just receiving it in the form of enjoying the unit for himself instead of receiving an actual rent check from a tenant. That imputed rent ought to be taxed like any other income.

  • _NoName_
    5•9 months ago

    It may not be salable to a renter but it’s probably going to still be salable to people who actually need a place to live.

    Also, yes, plenty of landlords would be screwed into a situation where they’ll lose money either way and will just lose more money from holding onto the property than from selling.

    • @Cleverdawny@lemm.ee
      2•9 months ago

      I doubt that. If a properly is salable and isn’t rentable, a landlord will generally just sell it.

    • @socsa
      1•9 months ago

      What you are describing is the same problem though. If you sell it and someone comes in and renovates it for use as a primary residence, then it is no longer affordable housing.