Data shows that from 1996-2021, the Hudson Valley region lost a net total of 146,763 people to out migration, which calculates out to 5% of the Hudson Valley’s population.
Elected officials, seeking to appease vocal constituents, frequently uphold restrictive zoning laws that favor single-family residences over more diverse housing options.
In 2023, the Rockland County Office of Consumer Protection investigated 617 complaints and returned $66,000 to homeowners.
The eviction moratorium has gone on for longer than it should have. While the pandemic is still with us, New York has been opening up. The virus is now likely to become “endemic” meaning that it is a condition we have to live with and adjust to.
Legislation to provide rental aid has been passed, however only around 10% of the money has actually been utilized. This is due to website errors, unreasonable requirements for the application, and the fact that a landlord has to go through the tenant in order to receive the aid. There is currently a bill in Congress to try and rectify these issues, but the bill is in the financial services committee and has not yet been authorized.
This, along with “Good Cause Eviction,” violates private property rights. We must continue to lobby to correct these issues. Good Cause Eviction takes away a landlord’s ability to set the terms of their lease. This is in itself, a violation of contracts. We should continue to work to change this. Thankfully, we do have allies in the legislature who agree with us on this issue. It would hurt the marketplace by capping rents at around 3% or the CPI as good cause eviction does. This will depress investment.
Another venue is the courts. The Community Housing Improvement Program, RSA and other organizations have filed lawsuits against the state eviction moratorium. The federal eviction moratorium was struck down. This was a major victory for private property rights federally.
Let your Senators and Assembly members know that you oppose “Good Cause” eviction and the eviction moratorium. Stay tuned for updates on these issues.
A significant portion of our end-of-session efforts was focused on opposing legislative proposals that would have negatively impacted New York’s real estate sector.
It is important for an attorney to inform the seller the Property Condition Disclosure Statement does not require a seller to make any independent investigations relating to the subject matter contained in each of the questions contained therein.
NAR had several topics it wanted HGAR and the rest of the Realtor community on the Hill that day to hammer home.
This dispute could have far-reaching implications beyond the real estate industry, as the split-decision ruling from the Circuit Court conflicts with the existing precedent of both the D.C. Circuit Court and the U.S. Supreme Court.
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