Economics/Class Relations

Are the Landlords Bluffing?

There’s something compulsively watchable about @NYVacant. The account, run by an association of landlords who oppose the state’s rent-stabilization law, is meant to be a shocking reel of neglected, empty apartments — 20,000 of them across the city, all too costly to repair and too cheap to rent out. To me, the videos still feel like a real-estate fantasy: A two-bedroom in Washington Heights that has a kitchen the size of most studio apartments last rented for $1,100. A prewar, tin-ceilinged Chinatown one-bedroom: $570 a month. The campaign is one piece of a larger fight over just how many of the city’s rent-stabilized apartments are being intentionally left empty right now — and why. Landlords say they’re backed into a financial corner. Tenants accuse them of taking these apartments ransom. The city swears that tenants and landlords have both got it all wrong. So who’s telling the truth? Clio Chang went down the rabbit hole.

—Katie McDonough, senior editor, Curbed

Are the Landlords Bluffing? And why is it so hard to tell?

Photo: @chipnyc, @nyvacant

Read the full story

More From Today

Barbenheimer isn’t the first time a brooding Christopher Nolan thriller has faced off against a colorful, pop-tune-heavy romp: For Vulture, Matthew Jacobs revisits the 2008 battle between Mamma Mia! and The Dark Knight.
“If someone can’t be vulnerable and honest, they can use therapy jargon to put their partner in their place.” Paula Aceves talks to three marriage counselors about how “therapy-speak” can be misused in relationships.
Yesterday, a suspect was arrested in the Gilgo Beach serial-killer case, which has gone unsolved for over a decade. Revisit Robert Kolker’s 2011 report on how the victims’ families had formed their own sisterhood.
Introducing The City Desk, a weekly newsletter about New York. Sign up to get it every Thursday.
Get The Newsletter

Leave a Reply