During the 1977 World Series Howard Cosell proclaimed the Bronx is burning.🔥
Certain areas in the borough I currently live actually burned. Why was that.
There are several reasons. The most prevalent reason is that the landlords couldn’t afford the mortgage and or the upkeep of the apartment buildings. Some just abandoned the property and the people who lived there started fires 🔥. The other possibility is that many of the landlords burned their own apartments down for the insurance money 💰 .
The reason I bring this up at this present day is there is talk of a government insisting of a rent freeze. Will we again in NYC again lose our housing stock because landlords can’t afford their apartments.
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