You do not need rent "increases" to pay for repairs. The cost of repairs is implied in the existing rent prices and most of these owners have deferred that maintenance for years while just collecting the rent for profit, which has made the repairs bigger and more expensive. If the property needs more repairs, owners just have to take less profit. End of.
Sequencer
 @RealSeq16
Nov 7
Mamdani wants to fine landlords who can’t immediately fix “dangerous conditions”, and if the city has to step in and make the repairs, they’ll take over the building if the landlord can’t pay them back. Except Mamdani is also pushing for a rent freeze, and most landlords rely on rent increases to pay for those repairs. So if they can’t raise rent and can’t afford to repay the city, they lose their buildings. That’s how you slowly turn private property into government housing. Call it what it is: a step toward communism. 👇

Nov 9, 2025 · 6:25 PM UTC

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FYI.
Heidi N. Moore
 @moorehn
16h
It doesn't matter if you, as an owner, have a mortgage to pay off. Renting to someone means you have a legal responsibility to keep the property up to code, safe to live in, and functioning. Your mortgage is not the tenants' concern and it's not housing laws' concern either.
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Replying to @moorehn
we've reached "not letting me be a racist slumlord is communism" levels of discourse. hate this timeline actually.
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What's especially weird is the assumption underneath it that we're all too dumb to see through their bad-faith arguments
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Replying to @moorehn
The main challenge might just be that the City needs much stronger enforcement authority. Tons of buildings have huge sums of uncollected fines
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This is very true. A lot of owners know they can just flout inspections and regulations indefinitely
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Replying to @moorehn
Material/labor costs get higher every day When a bad tenant destroys an apartment, it can easily cost $10k in repairs. Your first month security deposit doesn't cover that kind of damage.
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Owners don't get one month's security deposit. They get first and last. Plus the entire point of rent is to cover repairs and meet regulations. It's not supposed to be pure profit.
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Replying to @moorehn
Not sure you understand the damage renters do
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It is the job of owners to keep up with repairs. No matter the damage.
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more replies
Replying to @moorehn
@KennyBurgosNY what’s your take on this?
Replying to @moorehn
Truth.
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Replying to @moorehn
Landlords going through life like the law of entropy wasn't included in the HOA bylaws, so they're immune.
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Replying to @moorehn
Agree 💯. If the rent doesn’t cover the maintenance and you’ve neglected a property so much that you can’t repair it without gouging your tenants, then you dontdwrswrve to be a landlord. Period.
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Replying to @moorehn @kjsturr
In their world, maximizing profit is just the natural order of things and society must organize around that condition. Making less or even making the same as last year is always off the table.
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Replying to @moorehn
Over 20 yrs, rent has doubled but there have been zero improvements except a shitty paint job every few yrs. No one w power would ever agree to this unequal & awful bargain.
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