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Originally Posted by Crawford
Why is that good for the tenant? What public policy is served by driving up the cost of construction and blocking new housing and tax revenue?
This happens all the time in NYC. The dude is probably gonna get an eight figure payout, and the resulting condos will be even more lavish and outrageously priced, to compensate for the delays and sunk costs.
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Yeah, this is not a good thing or anything to be celebrated. There are intelligent individuals who absolutely abuse towns and cities that have tenant friendly laws in place.
If you want to watch an absolutely worst case scenario, watch the last episode of the new Netflix show 'Worst Roommate Ever'. It's a pretty horrifying show in general, but the last episode the guy knew the tenant laws very well and screwed over numerous people.