NYC Real Estate Developer Schools Mamdani over Pricey Housing Plan

NYC real estate developer schools Mamdani over pricey housing plan

New York City mayoral candidate Zohran Mamdani is rattling real estate developers and landlords over his sweeping proposal to tackle the city’s housing crisis. The Queens assemblyman wants to build 200,000 new publicly-subsidized affordable homes and immediately freeze rents for the city’s 2.4 million stabilized tenants. "You don't build housing by attacking the people who build it," Jared Epstein, president of Aurora Capital Associates, told FO…

New York Real Estate Brokers Confirm the Dark Reality for the City After Mamdani’s Primary Win – Defiant America

A wave of panic is sweeping through New York City’s real estate market following Zohran Mamdani’s victory in the Democratic mayoral primary, with brokers reporting a flood of calls from wealthy residents looking to flee, a trend that’s painting a grim picture for the city’s future. The New York Post reveals that luxury real-estate agents like Ryan Serhant were inundated within minutes of Mamdani’s win, as clients reconsidered their investments i…