New York’s ‘good cause eviction’ plan would crush property values.

As the April 1 deadline for New York State budget negotiations in Albany grows closer, Xiujin Zhao, a home attendant living in Sunset Park, Brooklyn, grows more anxious. A small landlord, she fears some of the tenant protection measures that state Democrats are trying to put in the package will add to the nightmares she faced through the pandemic.

As a small property owner in Manhattan’s Chinatown, I am deeply concerned about the Good Cause Eviction legislation that socialist activists and far-left lobbyists are advocating for in Albany and the negative impact it would have on my community.

Socialist-minded legislators in Albany won’t quit until they bankrupt every apartment-building landlord in New York City — and make the housing crisis even worse than it is.

Many small property owners in Queens are against the Good Cause Eviction bill.

As a renter and New Yorker for 35 years, I have firsthand experience with the struggles and insecurities that come with finding an affordable place to live in our city. As a minister, I witness these same struggles with my neighbors and parishioners.

Budget proposals from New York’s governor and its legislature were submitted a couple of weeks ago, and it seems by reviewing those proposals that fixing New York City’s housing problems is not important to a majority of our elected officials. The fixes are so simple, so easy to implement, would create jobs, increase tax revenue, and lower rents — yet none of the budgets address them.

The landlords have protested regularly against tenant protection measures, The City reported, as good cause backers push for it to be included in the state budget, which is supposed to be enacted by April 1.

“No matter what the final mix, it’s unwise to fold so-called good cause eviction policies into an effort to jump-start housing production. That will hurt smaller landlords and discourage future development.”