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Across the city, rent-stabilized owners are getting squeezed between rising costs and stagnant rental income. When will running a rental property become untenable? For some, it already has. Jay looks at the disastrous impact of the 2019 rent laws on New York’s atrophying housing stock.

Housing New York sheds light on the politics and the public policy shaping the future of New York City housing. 

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In this episode we break down the Rent Guidelines Board’s most recent Income & Expense report, which shows a continued decline in net operating income for older rent stabilized buildings; look at the dramatic rise in unpaid New York City property taxes as a classic canary-in-the-coal-mine scenario; and wonder out loud if the new, ostensibly YIMBY super PAC Abundant New York is really as pro-housing as it claims to be.

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Housing New York sheds light on the politics and the public policy shaping the future of New York City housing. 

In this episode we look at the real-life implications of New York's broken housing voucher system; what the New York City Council's 19th housing emergency declaration really means; the skyrocketing costs associated with maintaining a rental property, and much more.

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Each week we provide analysis of all the news you need to know about New York's ongoing housing crisis.

This week we'll cover some of the good, the bad and the ugly happening in New York housing. The good? We're one step closer to a state budget deal and hopefully a housing package. The bad... politicians are manipulating data for their own political agenda and downplaying the actual issues; and the ugly: bad landlords who cast a negative light on the many good owners out there. 

Shoutout to CNBC's Leslie Picker for her recent reporting on the fallout from New York City's rent stabilization law.

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 It's been a rough year for rent stabilized housing and it's been a rough year for New York Community Bank, which is struggling to stay afloat amid news of a very bad fourth quarter. 

The link between NYCB's woes and rent stabilized apartments in distress cannot be overlooked; any bank holding these loans may find itself in a precarious position.

So what's Albany doing about it? 

Join us each week as we explore the latest developments and challenges in the country’s biggest real estate market.

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Four weeks to go until the New York state budget deadline and the question on everyone’s mind, is will we get a housing package?

A budget deal is New York's best shot at securing new housing legislation in 2024. 

But lawmakers and the governor remain at odds over a host of issues, and it's unclear if they're willing to set aside their differences in the interest of the greater good. 

Jay Martin explains the situation, the stakes, and a whole lot more in this very first episode of Housing New York.

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