Hoarder Leaves Behind $18 Million Estate
A hoarder living in a New York City rent-controlled apartment left behind an $18 million fortune when he died late last year, but his widow says she’s unable to find the papers outlining the location of the fortune because it’s trapped underneath loads of stuff.
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Guess she shouldn't have moved out and expected to stay paying rent controlled rates....or got her ish together before she left! Lol
Someone explain to me what's rent control? I've heard the term before but I'm ignorant as to what it really is?
Quote:Someone explain to me what's rent control? I've heard the term before but I'm ignorant as to what it really is?
In places like NYC...it's like winning the lottery! Basically no matter how much a building is worth you can only charge so much in rent. Usually it's people that have been living in the same place for decades and can't have their rent jacked up, or evicted just because the property value goes up.
<a class="bbc_url" href='http://en.m.wikipedia.org/wiki/Rent_control_in_New_York'>http://en.m.wikipedia.org/wiki/Rent_control_in_New_York</a>
So if I own a rental there's a limit on what I can charge? Guess it sucks to be a landlord?
Quote:So if I own a rental there's a limit on what I can charge? Guess it sucks to be a landlord?
It's not on all places...just ones that meet a certain criteria. It was so that low income people didn't get dumped when the market it crazy in the city many years ago.
Quote:It's not on all places...just ones that meet a certain criteria. It was so that low income people didn't get dumped when the market it crazy in the city many years ago.
Ok that makes more sense I guess in a city that big you have to do something ?
Jacksonville being the biggest city I've lived in or near I just can't grasp that many people in one place.
DADDY !
MY LONG LOSSED DADDY !
I LOVE YOU DADDY !
Quote:Someone explain to me what's rent control? I've heard the term before but I'm ignorant as to what it really is?
Watch the movie/musical Rent, it will give you an idea of how "great"it is to live in this type of housing.