Fox Business’ Lauren Simonetti Reports on Democratic New York City Mayoral Candidate Zohran Mamdani’s Plan to Tackle Sky-High Rent Prices.
Experts warn the Mayoral candidate in New York City Zohran Mamdani’s Housing’s proposed agenda can further emphasize hiring large apples.
The plan, addressed to deal with the tag team tag team of affordability and housing, includes a quick freeze of more than 2 million stress-stargilized apartments.
“Economists – If they are on the right or left – essentially in universal agreement, if the government controls the market,” said the EJ Antoni, main economist on the right Leaning Heritage Foundation
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“And not only did you end up with a smaller unit of home available, but the quality of units often dropped,” Antoni told the fox’s business.
Incommodations with the residential apartment in the Chinatowned neighbor in New York, US, on Wednesday, July 17, 2024. (Yuki Iwamura / Bloomberg by Getty images)
Emily Hamilton, the director of the Urbanity Project at the Mercatus Center in George Mason University, echoed similar concerns on the policy platform.
“Expactrate the city bousing problems with the current rental stabilization pattern is still worse.
Cheap voices in Mamdani’s housing come while Bock standard patterns voting Monday night to increase rents to 3% in one year of rent. The board also raises rents at 4.5% for units with two-year leasing.
Increases increase in increases in the increase in October.
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According to a 2023 government report, rented units leasing for about 27% of the total house stock of New York City and 41% of rent apartments. The report also knows that in rented units raised, the monthly monthly rent of $ 500 is cheaper than market rentals.
Mamdani blames the board, which he / she describes as handled by the hand at the current New York City Mayor Eric Adamsto “jacking up rent in stabilization at 9% (and counting).”
New York City Mayor Eric Adams left US conference at Mayors Winter Meeting on January 18, 2023 in Washington, DC (Nathan Posner / Anadolu Agency through Getty / Getty Images) images
Mamdani’s campaign does not respond to Fox’s business request for commentary for the purposes of this story.
The three-term assemblies, which make the reduction of costs for New Yorkers is a stone corner of his campaign, also suggested the construction of 200,000 cheap housing units. Hamilton says this element of Mamdani’s platform reflects real potential for success.
He explained that the passage of 1961 zoning resolution has become difficult to add real estate In New York City, contributed to a problem of capability and pushing for regulating rents.
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“This is the regulation regulation, instead of saying the root that causes housing and easier to build all types of all points,” says Hamilton.
In ‘Sunday morning the future,’ Fox Business’ Maria Bartiromo asked President Trump about his reaction to the New York City race.
“The only way in which I saw this economy economy in his healing long running was when voters saw how to reject the Socialism Empyist Solution,” Antoni said.
“If we look at the methods in which New York City is more expensive than other areas around the country imposes public expenses that imposes government failures more likely to exacerbate.”
Mamdani also promised to discuss landowners.
Zohran Mamdani, Mororal candidate in New York City, speaks the United Federation of Teachers Forum in New York on May 17, 2025. (Michael Nage / Bloomberg through Getty images)
His campaign website led a 311 service service where tenants can be scheduled and tracking requests.
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“If a landlord refuses to heal, it will do it in town and send the bill. And in the worst cases, if a owner demonstrates their possessions,” the states of the campaign.
Mamdani’s economic agenda for the country’s largest city also includes free bus ride, city-owned grocery stores and a minimum wage increase.
