Word: yorke
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When new owners took over an apartment building in the New York City borough of Queens, they promptly set about filing eviction notices, suing nearly half of the building's tenants - some of them multiple times - within the first 16 months. That amounted to 965 court proceedings against 2,124 apartments, compared with just 50 court proceedings in the final year of the previous owner. The complaints alleged that the tenants were subletting illegally or had not paid their rent or security deposits, even though the tenants often had records proving otherwise. To the tenants, it seemed as though every...
...year thereafter," explained a prospectus for a portfolio of buildings in upper Manhattan being bought by Apollo Real Estate Advisers (now AREA Property Partners), with a primary mortgage from a Credit Suisse subsidiary. The normal turnover rate in cheap or moderate rent-regulated apartments in New York City is 5.6%, according to data from the New York City Rent Guidelines Board. (See high-end homes that won't sell...
...From a public policy standpoint, you can make a strong case that it is not desirable [for Wall Street money to be in this market], and equally strong you can say that housing regulators or authorities in New York and most other cities have been asleep at the wheel for the last five and 10 years - this stuff is going on everywhere," says Guy Cecala, CEO of Inside Mortgage Finance Publications, a stable of industry newsletters, who worries that the very idea of affordable housing is under threat...
...That 41st vote is getting people motivated." - Kurt Hages, a volunteer from Boxborough, Mass., campaigning for Brown (The New York Times...
...unnamed Taliban spokesman reached by phone by the New York Times said the assault was in reaction to the government proposal to "reconcile" with and "reintegrate" Taliban fighters into mainstream society. "We are ready to fight and we have the strength to fight and nobody from the Taliban side is ready to make any kind of deal," another Taliban representative, Zabihullah Mujahid, told the Times. "The world community and the international forces are trying to buy the Taliban and that is why we are showing that we are not for sale." (See pictures of Afghanistan's dangerous Korengal Valley...