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Democrat and Chronicle

Democrat and Chronicle

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Business & Economics

Hochul wants to boost homeownership in NY. Here's how

Democrat and Chronicle
Summary
Nutrition label

80% Informative

Gov. Kathy Hochul proposes disincentivizing institutional investors from buying up one- and two -family homes across New York State .

The proposed legislation will require a 75-day waiting period before institutional investors that own 10 or more single and two family properties and have $50 million in assets.

Violators could face stiff penalties of up to $250,000 per illegal offer.

VR Score

82

Informative language

81

Neutral language

51

Article tone

semi-formal

Language

English

Language complexity

64

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no affiliate links