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Cheryl Cardran's avatar

This is truly disgusting! When a property changes hands, it is always tisky for anyone living in it. I live in aren't stabilized apartment in NYC, and the building has changed hands 4 times in the nearly 30 years I have lived here. None of the landlords have been good, but we had one particularly bad one who was trying to get rid of rent stabilized tenants and turn the building into a co-op. Fortunately, that failed and the current owner at least isn't trying that!

It's scary though. I am nearly 75 and have SCRIE, which is a New York program that freezes rent for t3bants over 62 if rent is more than 30% of your income. My rent is still about 50 % of my income because rent gets frozen where it was when you first applied. Still, it saves me about $200 a month at present, and I can't afford to move. Nor do I want to.

Thanks for mentioning your cats. I have 3 and can't imagine having to live without.

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Michael G's avatar

From that same NY Times article:

“It’s worth pointing out that the U.S. didn’t always have such high health care prices relative to other countries. The gap began to widen in the 1980s, as Austin Frakt, a health economist at Boston University, has pointed out. That decade also happens to be when the U.S. began moving more toward a laissez-faire economy.”

Reaganomics strikes again.

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