Turns out that an elected official can keep a promise and not pander to special interests. NJ Governor Chris Christie this week vetoed a new rent control bill that would have allowed regulations on new senior housing. New Jersey passed a law in 1997 barring rent regulations for thirty years on new construction — which successfully encouraged new housing development — but state legislators wanted to break the pledge in response to complaints from residents at some senior complexes built since then. “Rent control distorts the market for rental housing and depresses the housing supply,” the governor said.
Meanwhile, back on this side of the Hudson, it looks like the race for Mayor will be between Bill de Blasio and Joe Lhota. Much like in the Democratic primary, the race may boil down to a referendum on the success of Rudy Giuliani and Michael Bloomberg in managing the City vs. liberal hopes…or increased taxes and spending vs. holding the line. One of the more interesting results of de Blasio’s call for taxing the rich was a series of reports showing that around 34,500 households out of 3.6 million currently pay 43 percent of New York City income taxes. An even smaller number pay the lions share of that and could easily be persuaded to move their primary residences.
Goodwill Industries runs a construction worker training program – including everything from painting and drywall to a certificate program for Residential Construction Superintendents. Please contact ABO for resumes and contact info if you are looking for workers.
ABO group purchasing benefits now include an additional 5 percent discount on hotels booked through Expedia. It can be used for business or leisure travel and as an employee benefit.
ABO will be presenting a panel on Management Tech at 12:15 Tuesday, September 17th, during the NYARM Expo at the Hotel Pennsylvania, 401 Seventh Ave. Join Andrew Hoffman of Stonehenge , Greg Carlson of Carlson Management, Harry Spring of WASA Architecture and Engineering, and Dan Margulies of ABO for a review of the next big things.