Daily News | Allan Domb grew a real estate empire from nothing. Can one of the city’s biggest landlords be its mayor? | Meet the candidates
Allan Domb owns some of the most spacious and expensive luxury condos in Philadelphia, but“I grew up in a very modest apartment building, two bedroom, one bath, the rent was $100 a month,” Domb told a crowd in Northeast Philadelphia, where he opened a campaign office last month.
Domb, one of the biggest property owners in the city, now has his sights on the second-floor office at 1400 JFK Blvd. After nearly two terms on City Council, Domb is pitching his business background as a way to improve the city’s fiscal health, his managerial style as a way to bring leaders together to tackle gun violence, and his entrepreneurial upbringing as a roadmap for bettering schools and lowering unemployment.
“People are struggling,” said Erika Almirón, a City Council candidate who has criticized Domb. “They’re being priced out and I don’t think Allan Domb has demonstrated that those people are his top concern because he doesn’t have the experience to even understand what those people are going through.”becauseworking-class childhood in Fort Lee, N.J.
“I had a cookie-cutter formula of buying properties,” Domb said. “I would set a goal: Can I buy at least one property a year? Then could I buy two, then three. And I put them on a 15-year fixed rate loan, which caused me to have bigger payments but I was paying down principal. It’s conservative.”
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