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by everybodyknows
1485 days ago
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> starts moving in folks who are dangerous or threatening to tenants to get them to leave Seems a high risk, desperate maneuver. What's the end-game for the landlord? A building full of drug dealers, in perpetuity? Keeping maintenance up to city code could be a burden, and the insurance company might start to get wise. |
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Sometimes it’s just to have tenant churn to allow them to get higher rents. Rent control for long periods of time can cause very large disparities between current market rents and what a tenant is paying (thousands/mo). The dangerous folks aren’t usually obvious when first checking out a unit.
At least in NYC, there is a lot of reputed Mafia involvement in real estate.