{"id":139869,"date":"2026-07-21T13:47:50","date_gmt":"2026-07-21T17:47:50","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/new-york-city-landlords-warn-american-dream-is-slipping-away-under-socialist-rent-policies-139869"},"modified":"2026-07-21T13:47:50","modified_gmt":"2026-07-21T17:47:50","slug":"new-york-city-landlords-warn-american-dream-is-slipping-away-under-socialist-rent-policies","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/new-york-city-landlords-warn-american-dream-is-slipping-away-under-socialist-rent-policies-139869","title":{"rendered":"New York City landlords warn American dream is slipping away under socialist rent policies"},"content":{"rendered":"
\n

Democratic Socialists’ calls to freeze rents and reject double-digit investment returns for landlords are fueling fears among some New York City<\/a> property owners, who say years of rising costs and restrictive housing policies<\/a> are pushing family-run businesses to the brink.<\/p>\n

“It shows how flawed the system is in its entirety and how inefficient everything is here,” New York landlord Jose Tur told Fox News Tuesday.<\/p>\n

Tur, whose late grandfather spent decades building the family’s New York real estate business after emigrating from Cuba<\/a>, said the debate over landlord profits overlooks the hardships facing many small property owners.<\/p>\n

NYC RENT BOARD DISSENTER WARNS MAMDANI-BACKED FREEZE COULD HURT AFFORDABLE HOUSING OVER TIME: ‘SLOW BURN’<\/strong><\/a><\/p>\n

He recalled how his grandfather, who purchased his first apartment building in 1979, spent decades growing the family business before he was reportedly mugged at gunpoint by a tenant who had not paid rent in five years. Tur said his grandfather suffered a stroke and died two weeks later at age 99.<\/p>\n

Fellow New York landlord Natalia Bonanno also relayed her family’s struggle amid what she characterized as growing attacks from the far left: mounting operating costs that have made it increasingly difficult to keep rent-stabilized buildings financially viable.<\/p>\n

She told “America’s Newsroom” that her father came to the U.S. as an immigrant with a dream. He became the first in his family to earn a college degree and later became an engineer before deciding he wanted to own property.<\/p>\n

“He started to invest also in the ’70s and buying properties in Brooklyn and then passed them down to my sister and I,” Bonanno recalled.<\/p>\n

Today, Bonanno said that dream<\/a> is becoming increasingly difficult to sustain. She disputed claims that landlords are routinely earning double-digit returns, arguing such figures ignore the rising costs of mortgages, insurance, taxes and<\/a> the expense of maintaining aging rent-stabilized buildings, many of which were constructed in the early 20th century.<\/p>\n

STEVE FORBES: MAMDANI\u2019S SOCIALIST RENT-CONTROL PUTS NEW YORK ON THE ROAD TO HOUSING RUIN<\/strong><\/a><\/p>\n

“I don’t know where they’re getting 12% from,” Bonanno said, responding to remarks made Friday by New York City Democratic Socialists of<\/a> America Co-Chair Gustavo Gordillo.<\/p>\n

“I know a lot of people refer to the NOI figure that came out recently, and that doesn’t take into account our mortgage and insurance,” she added.<\/p>\n

Gordillo, speaking to “The Story” host Martha MacCallum last week, argued that landlords should not expect double-digit investment returns<\/a> and dismissed claims that rent freezes<\/a> would drive property owners out of business.<\/p>\n

Tur also disputed Gordillo’s comments, arguing they were not made in reference to rent-stabilized properties, which he and Bonanno both own.<\/p>\n

When asked whether they planned to remain in the business, Tur said he hopes to continue the work his grandfather spent decades building, describing it as a responsibility to both his family and the tenants he has known for years.<\/p>\n

“I think it’s the right thing to do on behalf of my family and what my grandfather built and also on behalf of the tenants,” Tur said.<\/p>\n

“These are people that we’ve known for several years. It’s not like we’re a huge company that’s not present. We’re boots on the ground.”<\/p>\n

Bonanno, however, said her family’s future in New York is far less certain.<\/p>\n

“We’re selling most of our rent-stabilized buildings because we just don’t see a future here for having profit,” she said.<\/p>\n

“We hope we could stay in New York City and maybe invest in non-rent-stabilized properties, but if not, we’ll have to just sell and purchase properties in other states.”<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/media\/new-york-city-landlords-warn-american-dream-slipping-away-socialist-rent-policies <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Democratic Socialists’ calls to freeze rents and reject double-digit investment returns for landlords are fueling fears among some New York City property owners, who say […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-139869","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nNew York City landlords warn American dream is slipping away under socialist rent policies - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/new-york-city-landlords-warn-american-dream-is-slipping-away-under-socialist-rent-policies-139869\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New York City landlords warn American dream is slipping away under socialist rent policies - 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