[EVERYTHING BELOW IN METHODS TO APPENDIX?[
Methodology: Suspicious Sales P
If a list of suspicious sales were to be compiled, one could conduct a portfolio scale analysis by comparing the percent of buildings in the portfolio on this list to the percent of buildings across New York City that appeared on this list. The higher the number of buildings appearing on this list, the more likely it is that a property owner's financial strategy relies on the eviction of rent stabilized tenants, thereby motivating further predatory behavior.
Methodology: Overleveraged Portfolio
To calculate whether or not a building has an overleveraged portfolio (e.g. whether its portfolio has a high debt to revenue ratio), one would have to have an accurate idea about how much debt and how much value is contained in the revenue. It is almost impossible to find the latter in publicly available, given that property valuations provided in PLUTO do not correspond closely to market valuations. If one had a more accurate account of property valuations, one could calculate the debt to revenue ratio of a portfolio to determine the extent to which a portfolio is overleveraged. The higher the debt to revenue ratio, the more pressing it is that the owner increase their revenue streams. If this owner has a lot of rent stabilized units, it is sensible that they may consider the harassment and removal of rent stabilized tenants an effective strategy at increase their revenue.
Methodology: Relationship to Banks Supporting Predatory Equity
To build out our set of banks supporting predatory equity, our team used a list provided by the Public Advocate for NYC of banks that loan the most to landlords on their "Worst Landlords Watchlist" of 2017. The ten banks they listed were:\cite{landlords}