Mamdanis on a quest to kill NYCs free housing market the rent freeze is step one

After Mayor Mamdani promised to freeze rents for two years in nearly a million rent-stabilized apartments, the lefties on the Rent Guidelines Board saluted and delivered for him.Here is some of how he gloated afterward:“This is a historic victory for New York City tenants.After reviewing the data and hearing from New Yorkers across the city, the independent RGB has delivered a freeze on one-year leases, and the first-ever freeze on two- year leases in our city’s history.

This is the relief that working people across our city deserve.”He also vowed that, “I’ll continue working to deliver a more affordable city by building and preserving affordable housing, lowering building operating costs like insurance, and ensuring tenants know their rights.” Subscribe to our daily Post Opinion newsletter! Please provide a valid email.By clicking above you agree to the Terms of Use and Privacy Policy.

Never miss a story.In plain English, he’s warning that private-sector owners must realize they have no rights to cover their costs, let alone to make a profit.And oh, by the way, developers shouldn’t even think of building rental units here.

The free housing market in New York is dead.Long live the revolution!...