NY1 reports that Governor Eliot Spitzer has rescinded proposed legislation that "would have let owners of rent-regulated buildings double security deposits and make tenants pay for the cost of removing lead." Only in New York would the real estate industry almost get legislation passed to force tenants to pay for something that is a landlord's responsibility.
Spitzer Shelves New Rent Regulations
A lot of people were happy to see him get elected. Yes, someone who inherits daddy's $500 million real estate empire has a lot in common with you and me.
He takes a lot of money from developers, too, but this post is about his changing of the almost-legalized rent regulations.
Hey, for now, Spitzer is kicking ass! Let's see where it goes. I won't give him carte-blanche though, as a "goodie-two-shoes", until I see how he behaves in the "clinches" with the "real-estate-mob"! Always keep a watchful eye. You never know with a politician!
Well, Queens Crapper, I know what you say. I just don't get a good feeling when I see the Democratic Party as the party of the common man run candidates that are richer than the Republican candidates. It just does not give me a good feeling.
Wealthy politicians don't bother me if that makes them less reliant on the contributions of special interests.
The problem is, rich people usually have a lot of rich freinds who they'll look after even if they don't owe them favors. I'll keep my fingers crossed on Spitzer.
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