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NYC landlords caution on socialist rent policies
New York City landlords are expressing concerns over recent calls by Democratic Socialists to freeze rents and limit profits, citing rising operating costs and regulatory challenges. Property owners, including small family businesses, argue that such policies threaten the viability of rent-stabilized buildings and their ability to sustain investments. While some landlords hope to continue their work, others are considering selling their properties due to financial pressures and uncertain futures in the city.
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