“…any purchase price over $1 would be ludicrous.”

Send us Fan MailRent-stabilized buildings are approaching a ‘death spiral’. The city must act before it's too late.Plus, co-ops are also struggling with soaring housing costs, and we take a moment to remember former Congressman and New York City legend Charlie Rangel.This is your New York Apartment Association weekly update with CEO Kenny Burgos.Follow NYAA on BlueSky: @housing.bsky.socialFollow @housingny on Instagram X TikTok YouTube & Substack Send us questions or comments at [email protected] On The Agenda1:21 'The Crisis Has Already Started': Inside The Finances Of 4,300 Rent-Stabilized NYC Apartments→ Thousands of rent-stabilized NYC apartments face foreclosure in tenant ‘bloodbath’3:24: The Rent Guidelines Board’s rare revote  → Citizens Budget Commission: Rent-stabilized buildings approaching a “death spiral”4:43: Co-op costs set to skyrocket6:06: Charlie Rangel: a New York legendVisit our website for more information.Follow Us:BlueSkyXInstagramTiktok