Real estate a dirty word in NYC mayoral politics?

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Democratic candidates for mayor of New York City are attempting to denigrate their opponents by highlighting their ties to real estate, which has an outsized presence in city politics because it’s governed largely at the city level and not at the state or federal level like many other industries, according to the New York Times.

Candidates’ disparaging talk about real estate is “political pandering to a public sentiment that the middle class and low-income people have been left out of the prosperity of the past decade,” the president of a New York City-based business group told the Times. Given real estate’s place in the city — including as a political donor — that lip service against the industry is just that, she said.

Source: New York Times