Everyone is praising N.Y. Gov. Paterson for his fiscal responsibility. If our governor is as sincere as he claims to be, he would immediately impose a freeze on both commercial and apartment rents.
Everyone was woefully quiet when the Rent Guidelines Board approved the increases this past June. These increases were excessive.
Remember when President Nixon imposed his wage and price freeze in 1971? Mr. Nixon also froze rents. None of our current crop of politicians will do this as they're in the pockets of the real estate industry. Shame.
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