To cover their mortgage, they rented out both floors and moved into a cheap studio apartment nearby with their two young daughters. In 2017, he and his wife, who is a caretaker, made a down payment on a house as an investment property, supplementing their savings with a loan from their family in China. 'I haven't taken a day off since I came to America,' he says. in 1999, working in New York restaurants and nail salons and doing interior renovation.
He tells Reason that the emotional distress of having an occupant who isn't paying rent and who he can't evict has him contemplating 'jumping off of a building.' He owns a modest two-story house in Queens and isn't rich enough to forgo rental income. 'We know they're rich enough to #CancelRent, and we're going to make them.'Īnd then there's Chao Huai Gao, an immigrant from Zhengzhou, China. 'Blackstone is one of the largest landlords in world,' tweeted the New York tenant advocacy group Housing Justice for All in May.
