Rents in NYC are insane but that's a function of supply and demand.
Bureaucratic/regulatory red tape and high taxes have made investing in new housing UNATTRACTIVE!
Freezing rents will only decrease the supply as well as the quality of the existing stock.
NYC will become worse place to live than it was in the 1970s.
I suppose people moving out might decrease the demand.... but there goes the revenue base altogether.
Link: https://www.bloomberg.com/graphics/2025-mamdani-nyc-voters/
Replies to: "The race was between property owners and renters... and there are a lot more of the latter."
- NYSlimes: The Democratic Party is “afraid of its own future” under Mamdani. [LINK]
- Cole - 8:32am 8/14/25
(10) [View All]
- And here's the rest of that NYT article's concluding paragraph... - TyroneIrish - 11:37am 8/14/25
- Your takeaway doesn't comport with the X, why? - Quest4twelve - 11:01am 8/14/25
- Come back DFH. [NT] - BaronVonZemo - 9:19am 8/14/25
- He's a nut, but he's popular for a reason. We have to make life affordable for younger people. - LanceManion - 8:56am 8/14/25
- We are about a decade behind on the actions we should have taken with E.I.C. - jakers - 9:51am 8/15/25
- The race was between property owners and renters... and there are a lot more of the latter. [LINK]
- Curly1918 - 9:22am 8/14/25
- NY has survived for a long time, and it has had several boom/bust cycles. You wonder though - LanceManion - 10:03am 8/14/25
- I think Trump and Bessent will accomplish this. Real income is rising, 2m - Cole - 9:19am 8/14/25
- If anyone will make a dent, it's Trump. Another Democratic regime would have been catastrophic. [NT] - LanceManion - 9:58am 8/14/25
- The Dems are now the party of the coasts. Funny thing is... folks are fleeing those states. [NT] - Curly1918 - 8:38am 8/14/25