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Reader Report: Big Time Landlords Smoking a Lot of Crack in 2006

We love to get tips and comments from all y’all, so keep sending them either to thefrontsteps@gmail.com or use the contact form This from “44yo hipster”:

Apparently some big time landlords were smoking a lot of crack in 2006. Apparently these NY landlords didn’t get the memo that rent control is real, and unfortunately, one cannot just wish it away. I wonder if the Lembi’s were also this dumb, given their buying binge of apartment buildings in San Francisco? Peace out.

Fear of Defaults After a Flurry of Apartment House Sales [New York Times]

Lembi Juggernaut Selling Units? [theFrontSteps]

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