Ex-NYC Mayor de Blasio defends Mamdani's rent freeze proposal while others warn of market damage

Ex-NYC Mayor de Blasio defends Mamdani's rent freeze proposal while others warn of market damage

With New York City Mayor Eric Adams' surprise exit from the race on Sunday, democratic socialist mayoral candidate Zohran Mamdani’s plan to freeze rent may get even more attention from freebie-loving voters, but it's raising concerns for real estate and business leaders that say similar progressive policies have resulted in higher vacancies, deteriorating housing and slow development.Mamdani, the frontrunner in the race, has centered his campaig…

Financial News Network - Ex-NYC Mayor de Blasio defends Mamdani's rent freeze proposal while others warn of market damage

New York City mayoral candidate Zohran Mamdani's rent freeze proposal draws support from ex-NYC mayor Bill de Blasio but faces criticism from real estate leaders.Read More …