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A comment on A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K. Parent comment

Re:A rent-stabilized 1 bedroom apartment for $1,100 In NYC? ... by cko on Saturday February 10, 2024 @01:59PM (#39329157)
I'm guessing they had to move due to life circumstances, but due to taxes, transaction costs, sunk cost fallacy, hassle, etc, decided not to sell the unit.

Every reluctant landlord capitulates and sells... eventually.

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Re:A rent-stabilized 1 bedroom apartment for $1,100 In NYC? ... by AndrewKemendo on Saturday February 10, 2024 @02:28PM (#39329423)
How is that different than a non-reluctant landlord or a capitalist?

It's the same intention: Increase the short term return on capital

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Re:A rent-stabilized 1 bedroom apartment for $1,100 In NYC? ... by cko on Saturday February 10, 2024 @03:26PM (#39329872)
Increased return in monetary terms but maybe not quality of life.
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