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[–] 32 points 3 months ago (1 child)

Many other owners of rent-stabilized housing across New York City are stuck with onerous debt after they took out hefty loans to purchase buildings, lift apartments out of the rent-stabilization system and raise rents. New tenant protections laws made many of those tactics illegal in 2019, upending their business model.

That’s a friendly way to describe a set of practices that are predatory and toxic to both society at large and the neighborhoods these lowlifes operate in.

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