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JaredSeth t1_jbei6m2 wrote

"Sugar Hill Capital bought buildings throughout northern Manhattan just months before tenant protection laws limited its ability to raise rents and deregulate stabilized apartments."

My landlord made the 100 worst landlords list this year and operates a lot like the Sugar Hill Capital Partners that's mentioned in the article but they've also bought 3 more buildings in my immediate neighborhood in the Heights since the law changed. That makes it difficult to believe they can't profit from these buildings, just not as much as they'd hoped I presume.

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natekrinsky OP t1_jbejpgu wrote

You should really consider organizing with your neighbors like the tenants in the article. If you're interested I can help you get started or connect you with people in your neighborhood.

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SuperTeamRyan t1_jbf044s wrote

Alternatively they're waiting for their nypost supported candidates to get in and change the laws back.

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