Zohran Mamdani Is Also Listening to Landlords
News Source : New York Magazine
News Summary
- Zohran Mamdani, the Democratic front-runner, is already acknowledging that serious solutions to the city’s affordability crisis need to go well beyond the “Freeze the rent” slogan.
- Property taxes make up, on average, about 30 percent of the cost of running an apartment building with rent-stabilized tenants.
- Those fixed expenses, along with sky-high insurance, plus fuel and utility bills, have left thousands of buildings functionally bankrupt with landlords unable to pay for needed repairs.
Its not often that you hear socialist politicians talk about cutting taxes, but Zohran Mamdani, the Democratic frontrunner, is already acknowledging that serious solutions to the citys affordability [+6445 chars]
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