{"id":511081,"date":"2022-11-17T03:23:00","date_gmt":"2022-11-17T00:23:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ghost-apartments-are-ghastly-needless-bane-on-the-city\/"},"modified":"2022-11-17T03:23:00","modified_gmt":"2022-11-17T00:23:00","slug":"ghost-apartments-are-ghastly-needless-bane-on-the-city","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ghost-apartments-are-ghastly-needless-bane-on-the-city\/","title":{"rendered":"#&#8217;Ghost apartments&#8217; are ghastly, needless bane on the city"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 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-6a3faf5412042\" 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-6a3faf5412042\" 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\/ghost-apartments-are-ghastly-needless-bane-on-the-city\/#%E2%80%9C%E2%80%98Ghost_apartments_are_ghastly_needless_bane_on_the_city%E2%80%9D\" >&#8220;&#8216;Ghost apartments&#8217; are ghastly, needless bane on the city&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9C%E2%80%98Ghost_apartments_are_ghastly_needless_bane_on_the_city%E2%80%9D\"><\/span>&#8220;&#8216;Ghost apartments&#8217; are ghastly, needless bane on the city&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/iStock-1400030040.jpg?quality=90&amp;strip=all\" \/><\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>New York City is in the midst of a housing crunch \u2014 and \u201cghost apartments,\u201d empty rent-controlled units that are not in any rentable condition, are contributing to it.<\/p>\n<p>Almost 50,000 such units need expensive renovations and upgrades (often close to $100,000) before they\u2019d be legal to rent. But because each unit\u2019s rent is set by the rent laws, the owner could never recover her costs for bringing them up to code. <\/p>\n<p>It\u2019s a simple enough problem to understand: Older apartments occupied the longest have the lowest rents \u2014 but once the tenants finally leave, they need the most renovations.<\/p>\n<p>The US Census Bureau\u2019s Housing and Vacancy Survey of 2021 puts the number of \u201cunavailable\u201d apartments in this condition at around 42,860; the small-landlords group Community Housing Improvement Program counts a few thousand more now. \u00a0<\/p>\n<p>Bottom line, this helps no one. But \u201chousing advocates\u201d don\u2019t like the idea of making any exceptions to the rent laws  \u2014 even though it would clearly mean more available housing.\u00a0<\/p>\n<p>It\u2019d be a win-win for Gov. Kathy Hochul and the Legislature to face down the advocates and allow for a \u201cvacancy reset\u201d of rents to the area\u2019s market rate for units renovated and restored to the city\u2019s supply. Rent regulation would then <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>ly to future annual increases. <\/p>\n<p>Letting this madness continue is a loser for everyone except the ideologues.\n                        <\/p><\/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 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> 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\/11\/16\/ghost-apartments-are-ghastly-needless-bane-on-the-city\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;&#8216;Ghost apartments&#8217; are ghastly, needless bane on the city&#8221; New York City is in the midst of a housing crunch \u2014 and \u201cghost apartments,\u201d empty rent-controlled units that are not in any rentable condition, are contributing to it. Almost 50,000 such units need expensive renovations and upgrades (often close to $100,000) before they\u2019d be legal&#8230;<\/p>\n","protected":false},"author":1,"featured_media":511082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/iStock-1400030040.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[135628,71386,71559,43,12156,98806,73779,70469,135685,77579],"class_list":["post-511081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-16-22","tag-albany","tag-apartments","tag-editorial","tag-housing","tag-kathy-hochul","tag-legislature","tag-rent","tag-rent-regulations","tag-residential-real-estate"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/511081","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=511081"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/511081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/511082"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=511081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=511081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=511081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}