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Ken takes your calls! · The Mark Simone Show

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  Speaker 1: The Mark Simone Show.
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  Speaker 2: Now 9 till noon weekdays.
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  Speaker 3: On 710WOR.
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  Speaker 2: Guest hosting for Mark today. Here's Ken Rosato. And so
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  Speaker 2: nice to be with you. We go to our busy phones.
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  Speaker 2: Vincent in Brooklyn.
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  Speaker 1: Good morning.
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  Speaker 2: Happy Friday, my friend.
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  Speaker 1: Happy Friday, Ken. Ken, most people don't know the reason
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  Speaker 1: and the origins of rent control in New York City.
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  Speaker 1: My family haven't been in real estate, me included, for
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  Speaker 1: almost 100 years. My grandfather bought his first large apartment
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  Speaker 1: building two weeks before the Great Depression. And my mother
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  Speaker 1: told me that during World War II, because so many
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  Speaker 1: young brides were Their husbands were called up for service.
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  Speaker 1: They went back to live with their parents. My grandfather
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  Speaker 1: owned very big apartment buildings at the time. And Mom
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  Speaker 1: told me half the building would be empty because the
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  Speaker 1: women went back to live with their folks, and the
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  Speaker 1: men went off to war. So all these goody-two-shoes in
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  Speaker 1: the New York City government after the war said, oh.
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  Speaker 1: There's going to be price gouging when the GIs come back.
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  Speaker 1: So they passed this bill. The problem is, is that
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  Speaker 1: World War II was over what, 75, 80 years? And
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  Speaker 1: this hot potato law, this political law still exists. Can
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  Speaker 1: I own some of the toniest real estate in New York?
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  Speaker 1: And I get sometimes offers to an hour. The reason why?
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  Speaker 1: I never bought anything with rent control, and I never
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  Speaker 1: bought anything with rent-stabilized tenants. I get offers. People call me, Vince,
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  Speaker 1: I got this. Vince, I got that. And you know
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  Speaker 1: what my answer is? Why do I want to be
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  Speaker 1: a partner with the city of New York? So what
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  Speaker 1: happens then is, as you pointed out, the city tells
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  Speaker 1: these builders you have to have a certain number of
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  Speaker 1: apartments below market value. So what happens is the real estate,
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  Speaker 1: the builder and the landlord raise the rent on the
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  Speaker 1: other units. Right.
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  Speaker 2: And it's the same thing. Same thing. If I could
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  Speaker 2: just jump in really fast, even look at how many buildings,
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  Speaker 2: very special, expensive buildings that they build. And there are
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  Speaker 2: units in that building, right? That have to be lower income.
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  Speaker 2: So you have somebody who's going to spend $ 5 million
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  Speaker 2: on a unit and then somebody downstairs who's in a
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  Speaker 2: rental because that's what the city imposes. So I worked
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  Speaker 2: my whole life to afford an expensive apartment and to
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  Speaker 2: move from one neighborhood to that. And all of a
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  Speaker 2: sudden I'm back in the neighborhood.
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  Speaker 1: Exactly, Ken. And a lot of these people who live
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  Speaker 1: in these subsidized, these low-rent apartments in these tony buildings,
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  Speaker 1: they're on welfare. They're not the best of people in
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  Speaker 1: my neighborhood from this real tony building that they put up.
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  Speaker 1: that you pay an arm and a leg to live there.
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  Speaker 1: You see a lot of the people there who are
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  Speaker 1: degenerates going outside of the supermarket, begging for money, begging
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  Speaker 1: for this or that, or for some sucker to take
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  Speaker 1: them inside and buy them a bag of groceries. And
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  Speaker 1: then what they do is, after they suck at you,
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  Speaker 1: they go shoot up or whatever. This is the... If
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  Speaker 1: the city wanted more apartments for people in this... Get
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  Speaker 1: rid of the rent control law. Here's another ridiculous thing
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  Speaker 1: that the city recently did. And the jerks who passed it,
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  Speaker 1: like this so-called Julie Menon, who says she's a common-sense Democrat.
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  Speaker 1: She's a socialist like the rest of them, with better
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  Speaker 1: hairdo and better clothes.
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  Speaker 2: Wow.
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  Speaker 1: What now that they did was, in the past, the
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  Speaker 1: renter had to pay the real estate fee. So he
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  Speaker 1: passed this law that now I have to pay the
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  Speaker 1: real estate fee as the landlord. And this stupid... bars
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  Speaker 1: councilman who promulgated this law said all so that so
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  Speaker 1: that people who are red stabilized apartment and rent-controlled apartment
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  Speaker 1: when they move they won't have to pay a fee
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  Speaker 1: people who live in rent-controlled and rent-stabilized apartment are not
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  Speaker 1: moving that's.
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  Speaker 2: Right we all that's and we all know that person
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  Speaker 2: who's been living in a rent-controlled apartment way beyond where
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  Speaker 2: the time they should have been I know several people who, actually,
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  Speaker 2: they live there part-time, but they tell the folks at
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  Speaker 2: the front desk, well, if anyone asks, I'm here every day.
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  Speaker 2: You know, it happens, and they're paying $ 700 a month
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  Speaker 2: in an apartment that should be $ 10, 000 a month. And
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  Speaker 2: it's just, you know, that's not what the purpose was.
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  Speaker 1: You're right on, Ken, you're right on the money. And
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  Speaker 1: you see all these, especially downtown Brooklyn, you see all
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  Speaker 1: these high-rise buildings going up, And one tenant is subsidizing
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  Speaker 1: the lifestyle of the other. And another thing, the city
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  Speaker 1: tells you, oh, you've got to put bicycle storage in
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  Speaker 1: the building. Don't tell me what I have to put
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  Speaker 1: in my building. Stay out of my way. You're not
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  Speaker 1: an architect. Stop with the social engineering.
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  Speaker 2: Well, that's what socialists are about. That's the first part
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  Speaker 2: of social engineering is social, right? They want to control
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  Speaker 2: every aspect of your life. because they believe they could
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  Speaker 2: do it better, even though they've never held a real
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  Speaker 2: job in their lives and never owned a business, and
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  Speaker 2: they don't know what being part of this United States
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  Speaker 2: is about. It's unbelievable, Vincent, but I love you, buddy.
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  Speaker 2: I appreciate you calling.
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  Speaker 1: You have a great weekend. You have a great weekend, Ken.
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  Speaker 1: You have a great weekend.
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  Speaker 2: Thank you, sir. All right, we're going to take, we've
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  Speaker 2: got one minute left. Let's go to Chris in Manhattan.
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  Speaker 1: Chris. Yeah, good morning.
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  Speaker 3: About this Lake Ontario renaming. It's just such a childish
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  Speaker 3: thing to do. It's like him threatening to tear down
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  Speaker 3: the Kennedy Center.
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  Speaker 1: So what?
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  Speaker 2: Why is it childish for him to do it? It's
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  Speaker 2: not childish for Canada to have named it that initially, Chris. Listen,
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  Speaker 2: I don't have a problem with it. Every president could
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  Speaker 2: put their mark. Chris, only one of us could talk
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  Speaker 2: at a time. Every president could put their mark. on
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  Speaker 2: whatever they want that so it's a i'd guarantee if
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  Speaker 2: it was named the barack obama whatever nobody would say
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  Speaker 2: a freaking word all the schools that were named barack
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  Speaker 2: obama nobody said a word he wants to do it
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  Speaker 2: so what listen it's only for within the united states
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  Speaker 2: he has every legal right to do in canada kiki
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  Speaker 2: calling it they can call it that the joe jones
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  Speaker 2: lake if they want go ahead and.
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  Speaker 3: Say he's doing it to try to uh... with the
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  Speaker 3: tariff the tariff war That's just hurting the Canadian citizens
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  Speaker 3: and the United States citizens at a time when we
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  Speaker 3: should be trying to make the prices go down for
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  Speaker 3: the people. Carney's an idiot, and he's fighting with them,
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  Speaker 3: but it's not hurting him, it's hurting the people.
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  Speaker 2: Now, remember, we can outlast them because there are a
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  Speaker 2: lot more things they need from us than we need
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  Speaker 2: from them.
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  Speaker 3: We went to Venezuela to save them. We should save
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  Speaker 3: the damn Canadians. I mean, people have no idea how
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  Speaker 3: bad things are in Canada.
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  Speaker 2: The only thing, Chris, this is the problem. Listen, I've
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  Speaker 2: been to Canada. I was in Canada not long ago.
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  Speaker 2: I understand. The problem is Canada has been screwing us over.
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  Speaker 2: truthfully and a lot they still don't have our liquor
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  Speaker 2: on their shelves for two years it's like a lot.
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  Speaker 3: Of government it's not the people.
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  Speaker 2: Of all but this is the problem how else you
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  Speaker 2: get the government's attention but to do stuff like this
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  Speaker 2: it's about tweaking them let let uh... the the prime
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  Speaker 2: minister come to the microphone more often and i have
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  Speaker 2: a little conversation the problem is they've always counted on
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  Speaker 2: us always being there for them it's about time we
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  Speaker 2: maybe kick them in the backside to wake him up
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  Speaker 2: chris i appreciate the phone call