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NYC set to freeze rents as critics warn of crumbling buildings and bankrupt landlords

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NEWSDECK ANALYSIS
New York City has a long history of rent regulation, with the city's Rent Stabilization Law aiming to balance the needs of tenants and landlords. The proposed rent freeze would affect approximately one million apartments, which are currently subject to rent stabilization laws. This move is significant as it could have far-reaching implications for the city's housing market and the livelihoods of both tenants and landlords.
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NYC set to freeze rents as critics warn of crumbling buildings and bankrupt landlords
New York City Mayor Zohran Mamdani promised a rent freeze for people living in 1 million apartments if he got elected
26 Jun, 08:45
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