New York City Mayor Bill de Blasio said it was “distressing” that the extremely rich around the world, especially from Russia, are buying up the city's real estate with “ill-gotten gains.”
De Blasio's comments, on BuzzFeed News's morning show AM to DM, came as the city faces a crisis of affordable housing.
The mayor campaigned for his first term on closing the income gap between rich and poor in New York City.
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