Bob Loukas 🗽(@BobLoukas):2 yr leases - 0% increase. Imagine owning a building in a 4% inflation environment, in a city where rents are at record levels (cost of living) and you can’t raise rates for at least 2 more years. On top of this, if a tenant decides they don’t want to pay you, can take 2 years and a lot of legal to get them out. And you wonder why housing stock is tight and nobody wants to build housing. Real estate sucks, glad I got out of that game a while ago.

2026.06.26 12:33

2 yr leases - 0% increase. Imagine owning a building in a 4% inflation environment, in a city where rents are at record levels (cost of living) and you can’t raise rates for at least 2 more years. On top of this, if a tenant decides they don’t want to pay you, can take 2 years and a lot of legal to get them out. And you wonder why housing stock is tight and nobody wants to build housing. Real estate sucks, glad I got out of that game a while ago.

Bloomberg@business

2026.06.25 23:55

New York City’s Rent Guidelines Board voted to freeze rents for roughly one million stabilized apartments, handing Mayor Zohran Mamdani a major political victory and delivering on a central promise that launched him to City Hall