New York Mayor-elect Zohran Mamdani is set to move into public housing, New York City’s Gracie Mansion, next Thursday, when he assumes power on New Year’s Day. This is good for him and his wife, Rama Duwaji, as he is about to make owning private property in the Big Apple a riskier proposition.
Mamdani’s flagship housing policy has been to completely freeze rents on all rent-stabilized housing, which already limits how much landlords can raise rents.
Other aspects of his designs on private property have been taking shape for some time. While it looks like he may not have his commissars expropriate landlords by force, he will use regulation to achieve the same outcome…