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Jay Martin 🏠 🏢🏚️🌇 @jaymart222

E.D. of https://t.co/DJk0UzWM2d All tweets my own. Advocate of more housing. Advocate of better housing. Believe it or not, I’m an optimist. Go Bills! podcasts.apple.com/us/podcast/hou… New York, USA Joined October 2013
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Jay Martin 🏠 🏢🏚️🌇 @jaymart222

2 hours ago

The Bronx has seen an operating income drop of 18% Queens has seen a drop of 7% The is the 3rd straight year of decline city wide. 1 in 10 rent stabilized properties are already insolvent. Calling for a freeze when insurance cost alone have increased by 30%+ isn’t only…

Met_Council Profile Picture

Met Council on Housing @Met_Council

a day ago

The Bronx has seen an operating income drop of 18% Queens has seen a drop of 7% The is the 3rd straight year of decline city wide. 1 in 10 rent stabilized properties are already insolvent. Calling for a freeze when insurance cost alone have increased by 30%+ isn’t only…

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Jay Martin 🏠 🏢🏚️🌇 @jaymart222

11 hours ago

Rent Stabilization caps revenue but does not cap expenses. Everyone is then outraged that the quality of this housing struggles. It’s like suffocating someone and being shocked when they turn purple. And then getting mad at them for it. If this system is ever going to work…

Jay Martin 🏠 🏢🏚️🌇 retweeted
amNewYork Profile Picture

amNewYork™ @amNewYork

2 days ago

Op-ed | Another bad budget for rent-stabilized housing amny.com/oped/op-ed-bad…

Jay Martin 🏠 🏢🏚️🌇 retweeted
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CHIP NYC @nyc_chip

a day ago

We spoke with @sarbetter about New York’s housing deal and why it doesn’t work for New Yorkers: spectrumlocalnews.com/nys/capital-re… Full segment:

Jay Martin 🏠 🏢🏚️🌇 retweeted
trdny Profile Picture

The Real Deal @trdny

a day ago

Don't miss @nyc_chip's @jaymart222 when he takes the stage at #TRDForum on May 8th to discuss New York's housing deal, and the realities of developing (or not developing) new housing in NYC. Get your tickets here: bit.ly/3WzQyrh

jaymart222 Profile Picture

Jay Martin 🏠 🏢🏚️🌇 @jaymart222

a day ago

Spoke to the great @sarbetter about how the IAI system really isn’t the best way to keep buildings funded and maintained, and how HAVP not being in the budget was a big missed opportunity. NYC landlords unhappy with state budget spectrumlocalnews.com/nys/capital-re…

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Jay Martin 🏠 🏢🏚️🌇 @jaymart222

2 days ago

You can’t “preserve” affordable housing by making it impossible to operate.

Jay Martin 🏠 🏢🏚️🌇 retweeted
kfitz134 Profile Picture

katherine fitzgerald @kfitz134

2 days ago

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Buffalo Bills @BuffaloBills

2 days ago

https://t.co/vtOo0eh0nW

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Jay Martin 🏠 🏢🏚️🌇 @jaymart222

3 days ago

Why doesn’t the IAI increase work for the vacancy insolvency issue? Math. The 30k increase amortized with current interest rates for borrowing wouldn’t even cover the interest let alone the actual work needed. The 50k is similarly bad. IAI’s were never a good fix for this…

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Jay Martin 🏠 🏢🏚️🌇 @jaymart222

3 days ago

Making powerful people uncomfortable isn’t a side effect of advocacy. It’s the job.

Jay Martin 🏠 🏢🏚️🌇 retweeted
NyVacant Profile Picture

Vacant in NYC @NyVacant

3 days ago

“Nothing done in the State budget will fix any of this.”

nyc_chip Profile Picture

CHIP NYC @nyc_chip

3 days ago

“Nothing done in the State budget will fix any of this.”

jaymart222 Profile Picture

Jay Martin 🏠 🏢🏚️🌇 @jaymart222

4 days ago

Great. This is good. Now we just have to stop lawmakers preventing property owners from collecting voucher rents so we can get more voucher holders housed.

Gothamist Profile Picture

Gothamist @Gothamist

4 days ago

Great. This is good. Now we just have to stop lawmakers preventing property owners from collecting voucher rents so we can get more voucher holders housed.

jaymart222 Profile Picture

Jay Martin 🏠 🏢🏚️🌇 @jaymart222

4 days ago

Goldenberg pointed to a vacant, $577-a-month unit in one of his money-losing buildings. “Let’s say I put in $50,000,” he said. That would add $347, bringing the rent to $924 per month. Subtract the operating costs avoided by leaving it vacant — $200, he estimated — and that’s…

jaymart222 Profile Picture

Jay Martin 🏠 🏢🏚️🌇 @jaymart222

4 days ago

Co-ops receive a lot more empathy from lawmakers I suppose because of who owns what but the economics are similar at the end of the day. Old buildings don’t care who owns them when it comes to cost. Apartment Complex That Nearly Sparked a Banking Panic wsj.com/finance/bankin…

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Jay Martin 🏠 🏢🏚️🌇 @jaymart222

4 days ago

1 in 10 Rent Stabilized buildings are insolvent. Foreclosures are on the rise. The banks that lend to these buildings are struggling. Rent owed arrears balances remain at covid historic highs. Owners can’t get loans for renovations because of the caps on empty apartments…

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