STEVE FORBES: Mamdani’s socialist rent-control puts New York on the road to housing ruin

New York City has just taken another giant step backward.

The Rent Guidelines Board voted 7-1 to freeze rents on roughly 1 million rent-stabilized apartments, handing Democrat Mayor Zohran Mamdani a major political trophy. Mamdani called it a “historic victory.” It is nothing of the sort. It is an act of economic vandalism dressed up as compassion…

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