Why 60,000 New York Apartments Sit Empty in a Housing Crisis, with Kenny Burgos
Afford Anything Podcast
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Ready to buy your first rental property, or get more out of the one you already own? Join the waitlist for Your First Rental Property, the course that's helped 5,000+ students invest in real estate. You'll be the first to know when enrollment opens: https://courses.affordanything.com
New York City is short roughly half a million homes, yet at least 60,000 rent-regulated apartments sit empty. Under current rules, many owners lose less money by leaving them vacant than by fixing them up.
Kenny Burgos is CEO of the New York Apartment Association, which represents owners of rent-stabilized buildings, and a former New York State Assemblymember from the Bronx.
(2:44) Why New York's 1969 emergency rent rules never ended
(3:58) The surprisingly low rent most New Yorkers actually pay
(22:33) Why buildings now sell for $50,000 an apartment
(24:12) Costs rose 4.5%. Rents were frozen at 0%.
(30:39) The rent-freeze program that actually works
(34:38) Who really pays when rents are frozen
(42:13) Why 60,000 apartments sit empty during a shortage
(52:53) Buyout or pressure? The $150,000 question
(57:52) What Vienna gets right that New York doesn't
(1:07:18) Should you buy a rental in New York?
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🛠 TOOLS AND RESOURCES:
👉 New York Apartment Association: https://housingny.org
👉 Kenny Burgos on X: https://x.com/KennyBurgosNY
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👀 WATCH THIS VIDEO NEXT: 7 EXPENSIVE Rental Property Investing MISTAKES To Avoid! 7 EXPENSIVE Rental Property Investing MIST...
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Why 60,000 New York Apartments Sit Empty i...
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Why 60,000 New York Apartments Sit Empty in a Housing Crisis, with Kenny Burgos
Afford Anything Podcast
2,723 views
Ready to buy your first rental property, or get more out of the one you already own? Join the waitlist for Your First Rental Property, the course that's helped 5,000+ students invest in real estate. You'll be the first to know when enrollment opens: https://courses.affordanything.com
New York City is short roughly half a million homes, yet at least 60,000 rent-regulated apartments sit empty. Under current rules, many owners lose less money by leaving them vacant than by fixing them up.
Kenny Burgos is CEO of the New York Apartment Association, which represents owners of rent-stabilized buildings, and a former New York State Assemblymember from the Bronx.
(2:44) Why New York's 1969 emergency rent rules never ended
(3:58) The surprisingly low rent most New Yorkers actually pay
(22:33) Why buildings now sell for $50,000 an apartment
(24:12) Costs rose 4.5%. Rents were frozen at 0%.
(30:39) The rent-freeze program that actually works
(34:38) Who really pays when rents are frozen
(42:13) Why 60,000 apartments sit empty during a shortage
(52:53) Buyout or pressure? The $150,000 question
(57:52) What Vienna gets right that New York doesn't
(1:07:18) Should you buy a rental in New York?
__________
❓GOT A QUESTION? WE'D LOVE TO HEAR IT
https://affordanything.com/voicemail
__________
🎧 NEVER MISS AN EPISODE
Apple Podcasts: https://affordanything.com/applepodcasts
Spotify: http://affordanything.com/spotify
__________
🤗JOIN OUR PRIVATE COMMUNITY:
https://affordanything.com/community
🤗STAY IN THE LOOP:
https://affordanything.com/newsletter
__________
🛠 TOOLS AND RESOURCES:
👉 New York Apartment Association: https://housingny.org
👉 Kenny Burgos on X: https://x.com/KennyBurgosNY
__________
👀 WATCH THIS VIDEO NEXT: 7 EXPENSIVE Rental Property Investing MISTAKES To Avoid! 7 EXPENSIVE Rental Property Investing MIST...
__________
👋 SAY HI ON SOCIAL:
Facebook: Facebook: affordanything
Instagram: Instagram: paulapant
X: https://x.com/affordanything
#RentControl #NYCHousing #nyc #RealEstateInvesting #AffordAnything
Why 60,000 New York Apartments Sit Empty i...