Experts warn New York City mayoral candidate Zohran Mamdani’s proposed housing agenda could further strain rental affordability in the Big Apple.
The plan, aimed at tackling the tag team crisis of affordability and housing, includes an immediate freeze on more than 2 million rent-stabilized apartments.
“Economists — whether they are on the right or on the left — essentially are in universal agreement, that when the government implements price controls in the rental market, you end up with housing shortages,” said E.J. Antoni, chief economist at the right-leaning Heritage Foundation think tank.
“And not only do you end up with fewer housing units available, but the quality of those units consistently goes down as well,” Antoni told FOX Business.
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Author: Faith Novak
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