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August 23, 2019

Ocasio-Cortez goes all retro to push for lower rents

June 12, 2019
Rep. Alexandria Ocasio-Cortez, D-N.Y., listens during a House Financial Services Committee hearing with leaders of major banks, Wednesday, April 10, 2019, on Capitol Hill in Washington. (AP Photo/Patrick Semansky) (Patrick Semansky/AP)

Rep. Alexandria Ocasio-Cortez was a half century from being born when the Parkchester neighborhood was developed in the Bronx.

The 29-year-old lawmaker shared a yellowing ad touting 2-bedroom apartments in the then-spanking new suburban outpost to make a point about just how too damn high the rent is.

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The sepia-toned ad boasted rents of $32 a month. As AOC, points out, that’s just $532 in today’s money, a far cry from the $2,000 or so that a prospective renter would pay in 2019.

Rep. Ocasio-Cortez points out that the original rent for a 2-bedroom Parkchester apartment would cost $533 in 2019, if adjusted for inflation.
Rep. Ocasio-Cortez points out that the original rent for a 2-bedroom Parkchester apartment would cost $533 in 2019, if adjusted for inflation. (Ocasio-Cortez Instagram)

“Imagine how your life would change if that was your rent,” Ocasio-Cortez (D-Queens) wrote on Instagram.

She posted the story just hours before New York lawmakers passed some of the most sweeping pro-tenant reforms in a generation. The new rent regulations could significantly limit rent increases for hundreds of thousands of apartments in the city and beyond.

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