{"id":421649,"date":"2022-03-26T03:24:34","date_gmt":"2022-03-26T00:24:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/behind-the-great-nyc-eviction-tsunami-that-never-happened\/"},"modified":"2022-03-26T03:24:34","modified_gmt":"2022-03-26T00:24:34","slug":"behind-the-great-nyc-eviction-tsunami-that-never-happened","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/behind-the-great-nyc-eviction-tsunami-that-never-happened\/","title":{"rendered":"#Behind the great NYC eviction tsunami that never happened"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a27c1534fcea\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a27c1534fcea\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/behind-the-great-nyc-eviction-tsunami-that-never-happened\/#%E2%80%9CBehind_the_great_NYC_eviction_tsunami_that_never_happened%E2%80%9D\" >&#8220;Behind the great NYC eviction tsunami that never happened&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CBehind_the_great_NYC_eviction_tsunami_that_never_happened%E2%80%9D\"><\/span>&#8220;Behind the great NYC eviction tsunami that never happened&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>The just-released federal Census finding that New York City lost more than 110,000 residents from July 2020 to July 2021 tells us a great deal about both the impact of the pandemic and the declining quality of life in the city. This is called voting with your feet. But it also suggests a reason the much-hyped eviction tsunami is actually not h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ening: When you can\u2019t be sure of finding new tenants, you\u2019re not quick to kick out current ones.<\/p>\n<p>This goes counter to dire predictions. As New York\u2019s pandemic-inspired eviction moratorium finally expired in January, tenant-advocate groups offered a real-estate weather forecast: A tsunami of evictions, spurred by rapacious landlords eager and able to raise rents, was on the way.<\/p>\n<p>Said the Legal Aid Society\u2019s Judith Goldiner: \u201cWhen restrictions are lifted, there will be tens of thousands of cases. . . . This would overwhelm the courts and likely prompt a new wave of infections and evictions.\u201d<\/p>\n<p>Two months later, the numbers have begun to come in, and no tsunami is in evidence. In fact, eviction filings are actually <em>lower <\/em>than pre-pandemic levels. Instead, the ones hurting are small-property owners facing inflation-driven rising costs and property taxes. They\u2019re far from eager to evict even when the rent is overdue.<\/p>\n<p>The picture is clear from numbers compiled by the Princeton Eviction Lab: Average filings in February historically (pre-pandemic, 2016-18) were 19,338. February 2022 (the first month after the state moratorium expired Jan. 15) saw just 6,373. That\u2019s a drop of 67%.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/LandlordRally.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Landlords protested New York\u2019s eviction moratorium outside then Gov. Andrew Cuomo\u2019s offices on 3rd Ave on August 20, 2021.\" class=\"wp-image-21667276\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/LandlordRally.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/LandlordRally.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/LandlordRally.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Landlords protested New York\u2019s eviction moratorium outside then Gov. Andrew Cuomo\u2019s offices on 3rd Ave on August 20, 2021.<\/figcaption><figcaption><span class=\"credit\">Matthew McDermott<\/span><\/figcaption><\/figure>\n<p>And many eviction actions lead to compromise deals.<\/p>\n<p>Talking with small-property owners (one asked that her last name not be used), makes clear just why the forecast tsunami hasn\u2019t hit: They\u2019re reluctant to evict and far more inclined to \u201cwork with tenants\u201d to resolve back payments.<\/p>\n<p>\u201cIsabel,\u201d whose family has owned a group of four-story buildings in East Harlem and is dealing with non-payment issues right now, says this of eviction: \u201cI don\u2019t want to do it at all. It costs me thousands in legal fees, and the courts are completely clogged. I see it as a nightmare.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/Apartments2.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"A general view of apartment buildings as seen on the Upper West Side section of New York, NY on July 9, 2021. \" class=\"wp-image-21667296\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/Apartments2.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/Apartments2.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/Apartments2.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Renters, even those severely impacted by New York\u2019s COVID lockdowns, were never in danger of being evicted as landlords needed every penny.<\/figcaption><figcaption><span class=\"credit\">Christopher Sadowski<\/span><\/figcaption><\/figure>\n<p>Chris Athineos, who owns a six-family building in Bay Ridge, laughs off the idea that rising rents in some parts of the city mean he can name his price today. \u201cMaybe in trendy places like Williamsburg or parts of Manhattan, but not in Bay Ridge. We\u2019re still an hour subway ride from the city.\u201d<\/p>\n<p>He\u2019d rather work out a repayment plan than evict, for fear of enduring a long-term vacancy \u2014 a serious cash-flow problem at a time when his real-estate taxes have risen steeply and he has a boiler to replace \u2014 and 2019 state law won\u2019t let him raise rents even on price-controlled units and even for major capital repairs.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>Ann Korschak, whose family of Ukrainian immigrants owns two 10-unit buildings on the Upper West Side, has never once initiated an eviction action in 20 years. \u201cWhen you have good tenants, you keep them,\u201d she says. She adds that what can appear to be rent increases today may actually just be a return to pre-COVID levels, as inflation rages.<\/p>\n<p>Some owners may be raising rents as pandemic panic abates. But even this may be good <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>: If new tenants are willing to pay top dollar for vacant apartments, that says demand to live in New York is rebounding, something that can\u2019t be taken for granted. <\/p>\n<p>Like the Census, a new study by the Federal Reserve Bank of Dallas has found that New York\u2019s affluent are not only leaving the city but that moves completely out of the area \u2014 i.e., to places like Florida and Texas, for example \u2014 \u201cdominate out-migrations.\u201d Gentrification may be a luxury problem of the past.<\/p>\n<p>Our fear, in other words, shouldn\u2019t be of an incoming tsunami but an <em>outbound <\/em>one carrying New Yorkers to safer, lower-taxed cities. Our elected officials shouldn\u2019t be demonizing and squeezing landlords, but making New York a city where residents want to stay.<\/p>\n<p><em>Howard Husock is a senior fellow at the American Enterprise Institute.<\/em>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/03\/25\/behind-the-great-nyc-eviction-tsunami-that-never-happened\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Behind the great NYC eviction tsunami that never happened&#8221; The just-released federal Census finding that New York City lost more than 110,000 residents from July 2020 to July 2021 tells us a great deal about both the impact of the pandemic and the declining quality of life in the city. This is called voting with&#8230;<\/p>\n","protected":false},"author":1,"featured_media":421650,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/Apartments-1.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[127154,87545,70344,71554,12156,73947,4952,4953,70469],"class_list":["post-421649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-3-25-22","tag-census","tag-coronavirus-in-ny","tag-evictions","tag-housing","tag-landlords","tag-manhattan","tag-new-york-city","tag-rent"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/421649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=421649"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/421649\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/421650"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=421649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=421649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=421649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}