He has raised rent 30% on govt controlled apartments (stating more revenue was needed for upkeep and that the current rent does not cover costs). Yet, he froze rent on private owned apartments (even tho Landlords have argued the same complaints ).
Landlords are going to end up losing their apts to the banks. Then Mamdani will seize the units, AND raise the rent 30%. How do you like those NYC apples?
One thing you can say about Mamdani: He was very clear as to what he is and what his intentions were during his mayoral campaign. He was not a wolf in sheep’s clothing. Voters well knew what they were voting for - and voted for him anyway.
Can’t wait until he runs out of “other people’s money” and comes with his begging bowl to the feds...
Who in their right mind wouls invest building new private hrental housing in these high tax, regulation happy, profit averse socialist enclaves such as Mamdani’s New York City. Without new investment, a place rots.