spicytoastaficionado t1_j4w1a69 wrote on January 18, 2023 at 5:34 PM

This was inevitable.

There are tenants who haven't paid their rent for upwards of nearly 3 years now.

Government can't keep extending eviction moratoriums, and NY doesn't have the budget to just pay everyone's back-rent, either.

The one benefit tenants still have is that courts are still short-staffed, and the backlog is still going through pre-pandemic evictions.

ctindel t1_j4yigj5 wrote on January 19, 2023 at 3:33 AM

> The one benefit tenants still have is that courts are still short-staffed, and the backlog is still going through pre-pandemic evictions.

Also that they've lived 3 years rent free. If I had ever lived 3 years rent free I'd have enough for a down payment on a co-op.

spicytoastaficionado t1_j5042j7 wrote on January 19, 2023 at 1:55 PM

>I'd have enough for a down payment on a co-op.

You'd think so, but I wouldn't be surprised if a lot of people just pissed that extra $$$ away.

ctindel t1_j505yrd wrote on January 19, 2023 at 2:09 PM

> You'd think so, but I wouldn't be surprised if a lot of people just pissed that extra $$$ away.

Me either, but that's their prerogative. I remember when we gave people a bunch of extra money and they decided to blow it all on fireworks.

Kiritowerty t1_j54sb0q wrote on January 20, 2023 at 11:54 AM

Oh God. I completely forgot about the 3 month long July 4th pandemic fireworks

EasyE0287 t1_j502lfn wrote on January 19, 2023 at 1:43 PM

>and NY doesn't have the budget to just pay everyone's back-rent, either.

They won't have to. Landlords already adjusted the market rate of new/future leases to account for x% added risk of eviction moritorium. NYC, and renters across the US, will be making up back-rent via higher future rent.

Of course, this is only one part of why rents have risen so sharply over the last two years.