SuckMyAssmar t1_j8p98ac wrote
Reply to comment by Any_Advantage_2449 in Gentrification by [deleted]
In NYC. rent-controlled apartments, not rent-stabilized ones.
potus1001 t1_j8pmn8x wrote
That completely goes against the whole purpose of rent control. People who need it, need to be able access it.
I currently own an affordable-income condo, through the BPDA, and while I don’t need to prove my income anymore, after purchasing it, anybody I sell it to, or leave it to in my will, needs to submit their income to the BPDA for approval.
rpablo23 t1_j8ps27g wrote
That's wild. I didn't know you no longer need to provide income once you purchase one of those units. You'd think they would do checks every 2-3 years. Sounds ripe for abuse but I guess they are hard to get so not like there are many opportunities
3720-To-One t1_j8qby7o wrote
Think about it though… if they evict you because you suddenly pass some arbitrary threshold, that would discourage you from seeking higher paying jobs.
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