LinkedIn shares drop 40%, erasing $10B of company's value

Re:LinkedIn shares drop 40%, erasing $10B of company's value by potatolicious on Saturday February 06, 2016 @12:11AM (#11046649)

Tenant protection laws in NYC are very tenant-friendly, to a degree where someone who is sufficiently motivated and knows the system can effectively live in an apartment rent-free for up to a year at a time, if not longer.

Landlords are scared to death of deadbeat tenants like this, it costs a lot of legal fees to get rid of them, and they're freeloading while you're walking through the necessary legal processes.

Every time the apartment goes onto the market they're rolling the dice again - so the value of an existing pleasant tenant is substantial vs. the risk of a tenant of unknown quality.

Which isn't to say you can just get your rent slashed whenever you want, but it's part of the negotiation, and coupled with a recession it can be a powerful argument.

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Re:LinkedIn shares drop 40%, erasing $10B of company's value by cplease on Saturday February 06, 2016 @12:47AM (#11046723)

I'm a landlord in New York and I've been a tenant in NYC and this just isn't true.

Vast majority of rentals in NYC if you asked the super for a discount in rent you'd be requested not to let the door hit your ass on the way out.

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Re:LinkedIn shares drop 40%, erasing $10B of company's value by cylinder on Saturday February 06, 2016 @03:55PM (#11049812)

Depends if you are talking about private small landlords or corporate institutional (ie, Related). The former has totally different motivations and needs. I haven't received rent reductions but I have fought off rent increases in strong markets.

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Re:LinkedIn shares drop 40%, erasing $10B of company's value by morenoh149 on Saturday February 06, 2016 @04:48PM (#11050096)

only works if prices are plateauing or dropping in your market

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