Speaker Quinn Wants Your Building’s Unsold Apartments!

With very little foresight, a flagrant disregard for tens of thousands of co-op property owners and a complete lack of understanding of the philosophy and business laws that underpin the durability of cooperative apartment living, the Speaker of the New York City Council, Christine Quinn, has called for holders of unsold shares to negotiate a price for those apartments with the City, which would then house residents in the units at the City’s discretion!

Quinn, in yet another grab for power, would also have the law that governs housing in New York State repealed, with the now-legally-vested responsibilities relocated to her authority.

Read the report here: Quinn Would Sell Vacant Units to the City!

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