❐ New York's new rental protections won't end the outsize influence of big developers who pay the city's bills
2019 Jul 19
New York has become a 'city for the rich' in recent decades, a shift in its real estate market that impacts policy-making, too. Alessandro Colle / Shutterstock
New York City's municipal budget relies heavily on the property taxes of extremely high-value real estate. That drives gentrification and distorts local policy in other ways that hurt residents.