Biff_Poindexter
Diamond Member
Thousands of NYC landlords flouting rent stabilization laws, housing rights group says
While New York reels from budget shortfalls caused by the coronavirus pandemic, the city and state are leaving money on the table by failing to investigate shady landlords taking advantage of tax credits, a housing rights watchdog will argue Wednesday, announcing three new lawsuits.
www.nydailynews.com
"While New York reels from budget shortfalls caused by the coronavirus pandemic, the city and state are leaving money on the table by failing to investigate shady landlords taking advantage of tax credits, a housing rights watchdog will argue Wednesday, announcing three new lawsuits -- the group filed lawsuits in State Supreme Court regarding three properties that allegedly received over $20 million in undeserved tax benefits.
“Everyone is being screwed here — the tenants who are being defrauded and the taxpayers who are paying into these fraudulent schemes. Taxpayers are not only being forced to subsidize bad tax policy, they’re being forced to subsidize tax fraud,” says Aaron Carr of the Housing Rights Initiative. The alleged accounting trickery at the center of the suits is shockingly widespread, the tactic, according to Carr, gives landlords “a back-door method to illegally raise rents.”
First of all, there should be no laws regulating landlord/tenant relationships or real estate in general.....if these tenants are losers who can't own their own property; that is their fault, therefore they should abide by the terms and conditions the landlords dictate; not government. If I as a property owner chose to employ tactics that result in me getting the most financial benefit possible out of my property, government has no business in trying to regulate how I do it...let the free market decide.
For example, since taxation is theft -- if I have a chance to get tax credits by doing something so-called "fraudulent" -- why shouldn't I? The fact I have to pay taxes is already fraudulent so if I figure out ways to get some of my tax dollars back while also "illegally" overcharging my tenants to get even more money -- that should be rewarded, not demonized and persecuted by government and these lib watchdog groups.