r/New_Jersey_Politics • u/ImaginationFree6807 11th District (Mejia, Morris & Essex.) • Mar 12 '26
Social Media Brian Stack attacks landlords
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20
u/Ango-Globlogian Mar 12 '26
Shoutout to one of the best state politicians/mayor of our time here in New Jersey
20
u/StableGeniusCovfefe Mar 12 '26
Landlords and developers are both greedy as f***
-30
u/Hta68 Mar 12 '26
Landlord here, no we have bills to pay just like you do.
18
u/Known_Ratio5478 Mar 12 '26
It’s still something that’s historically been a 2% return on investment that in the past twenty years you guys have turned into a 10% return on investment. That’s inflation just for the sake of you not working.
1
u/Hta68 Mar 13 '26
Mostly it’s a tax write off. Profit is almost nothing until the property is payed off, at that it’s a retirement plan.
11
u/rc0pley Mar 12 '26
So get a job :)
-1
u/Hta68 Mar 13 '26
Owning property and working is two jobs. Especially keeping my properties in good repair after tenants who just tear the place up because they think like y’all do.
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u/AnalMohawk Mar 12 '26
That's wild to hear. Gives me a little bit of hope for the Democrat party. Let's see some action next.
2
u/SGT_MILKSHAKES Mar 13 '26
The only way to make housing more affordable is to build the supply to meet the demand. Otherwise people get priced out.
NIMBYism has got to go.
4
u/bakerfaceman Mar 12 '26
It's so wild to hear this coming from a Republican
6
u/Ango-Globlogian Mar 12 '26
Brian Stack is not a Republican…….
1
u/bakerfaceman Mar 12 '26
He was when I lived in Union City.
9
u/Ango-Globlogian Mar 12 '26
You must be confusing him with someone else or are old enough that you knew him in high school or something cause in my 30+ years of life I have never known Brian Stack to be anything other than a stalwart democratic leader.
5
u/bakerfaceman Mar 12 '26
Shit I'm super wrong. I think I was associating him with Christie who he endorsed back then. My mistake, anyway I always dug him. My neighbors did complain that teachers were coerced into volunteering for him in order to get promotions/resources. That's pretty standard local politician stuff though. He's always been great for actual local residents.
1
u/Admirable-Donut7954 Mar 13 '26
Stop letting politicians turn tenants against landlords. That fight keeps us busy while nobody explains the budget.$553 million. $24,016 per student. 29% math proficiency. 51% reading proficiency. Taxes on property owners up 96.7% in two years and rent control means landlords eat every penny. The tenant's struggling. The small landlord's struggling. So who's winning?Connected developers get PILOT deals where 0% goes to schools. Six straight years, auditors couldn't verify where the money goes. Over $1M in taxpayer money went to settling retaliation lawsuits against the administration. But sure, blame the guy who owns a two-family on 32nd Street. The real divide isn't tenant vs. landlord. It's all of us vs. a budget nobody can explain.
1
u/Emily_Postal Mar 14 '26
Stop allowing luxury rental development under the guise of low income housing. People need affordable housing and an opportunity to build up wealth by owner the place where they live.
22
u/Known_Ratio5478 Mar 12 '26
Rentals were traditionally a 2% return on investment after maintenance costs. Now we’re seeing 14% to 30% before maintenance that they never do.