New York City landlords Jose Tur and Natalia Bonanno respond to claims by NYC DSA Co-Chair Gustavo Gordillo that landlords make 12% ROI.
New York City landlords Jose Tur and Natalia Bonanno push back against NYC DSA Co-Chair Gustavo Gordillo’s claim that landlords make an average 12% return on investment. They explain that rent-stabilized properties often face severe distress due to high costs and below-market rents. Tur shares a tragic story of his immigrant grandfather, a landlord who died after being mugged by a tenant.