Landlords yank apts.
GO TO GREG
Manhattan landlords are pulling unrented apartments off the market at an unusually elevated rate, tightening inventory while rents are low and, in some neighborhoods, still falling.
The practice, sometimes known as “warehousing,” has come under greater scrutiny from housing advocates and lawmakers in recent years. Critics charge that removing units from the market creates an artificial scarcity that worsens the city’s housing shortage.
Landlords say the decision to warehouse is a necessary response to both regulatory and economic changes, including heightened tenant eviction protections during the pandemic.
Building owners removed 1,814 apartment listings in Manhattan last month, according to real-estate data analytics company UrbanDigs. That’s more than three times the number of apartments landlords removed from the market in February of 2020.
Some landlords are calculating they can rent just enough units to cover their monthly expenses, “but then let’s take the rest and put them up for rent in a bit of a stronger market,” said John Walkup cofounder of UrbanDigs.
I’m tired of the hypocrisy of calls for Governor Cuomo to step down because of allegations that he made a joke about eating a sausage, or tried to kiss someone. If everyone who has ever made an off-color joke were fired, the unemployment line would extend around the globe. No one is accusing him of sexual assault or that they were fired. We’ve gone too far with political correctness, don’t you think?
This topic is too important and sensitive to do it justice in a pithy way in the little amount of space that we have, but here’s what I can say: Most people, bosses and employers, do the right thing. They know how to work together and treat people with respect. I also know that there has always been bad behavior, and it still goes on today. The current backlash is because women have been silenced and unsupported for too long. No more. But the punishment needs to fit the crime, so no, not every transgression deserves to destroy a career. However, with the heightened awareness of these issues, if you are a person in power and make stupid comments with sexual innuendo, then you will find it very difficult to find any sympathy with the excuse that you didn’t mean to offend anyone.
My company shuttered last year due to COVID-19, so I’m seeking a new opportunity. LinkedIn seems the most reputable resource, yet I also receive alerts from other job sites which often don’t correlate with LinkedIn. How accurate are online job listings?
My friends, I know how hard it is to look for a job. There are numerous job sites and it can be difficult to navigate them all. My experience is that the major job boards are credible. However, you and millions of other job seekers are doing the same thing. Your resume is likely being sorted by AI software before reaching a human. Should you scour online listings? Yes. Should you rely on one-click apply, sending off your resume and calling it a day? No. Networking with your contacts (and their contacts) is still the best route for most job seekers. If you apply online, try to find a connection in the company directly and inquire that way, too. Employers will appreciate your tenacity.
Gregory Giangrande has over 25 years of experience as a chief human resources executive and is dedicated to helping New Yorkers get back to work. E-mail your questions to GoToGreg@NYPost.com. Follow Greg on Twitter: @greggiangrande and at GoToGreg.com.