Mamdani’s “Affordability” Drives Up Rent
The buzzword of the Zohran Mamdani campaign was “affordability.” This was to be implemented through “the warmth of collectivism.” Now New Yorkers get to see what “affordability” actually means under leftist rule.
Via Post Millennial:
Manhattan’s median rent has soared to an all-time high of $5,000 a month as socialist NYC City Mayor Zohran Mamdani is looking to “freeze the rent” in the Big Apple, one of his campaign promises that has analysts worried will only make matters worse.
Rent has risen 6% just since last year. It will get worse.
High costs are caused by insufficient supply. Freezing rent chokes off the supply, thus causing nonfrozen rents to shoot upward. Where rent is frozen, landlords cannot afford to renovate or even maintain properties, further diminishing supply, while lowering the quality of what little housing is available.
The economics is not complicated. But idiot greed renders Democrats’ something for nothing voter base incapable of grasping it.
On a tip from Wiggins.
The post Mamdani’s “Affordability” Drives Up Rent appeared first on Moonbattery.
Source: https://moonbattery.com/mamdanis-affordability-drives-up-rent/
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