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JCwhatimsayin t1_ir1aime wrote

I guess this would make sense as an alignment of interests if LeFrak had thousands of 3-4 bedroom dwellings in the pipeline or on existing rent rolls. I don't think that's the case. I think their primary incentive is to keep taxes low and appeal to single and couple buyers and investors. For their primary buyers with kids (if any), subsidizing private schools is a much cheaper and more precision-guided strategy than actually trying to make the public school system better.

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reputationStan t1_ir7gj74 wrote

hmm, idk why you're downvoted. you present a good argument. if there were larger apartments, families would be inclined to stay (if the prices were reasonable as well).

upvoted since you were -2.

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