“And not only do you end up with fewer housing units available, but the quality of those units consistently goes down as well,”

“Economists, whether they are on the right or on the left, essentially are in universal agreement, that when the government implements price controls in the rental market, you end up with housing shortages,”

“the problem goes beyond new construction, arguing that government limits on rents can reduce the number of apartments available and discourage investment in existing properties.”

“Builders and financiers aren’t going to start multi-year projects that might become unprofitable on Mamdani’s next whim.”

“Merely the threat of a more hostile tax and regulatory environment has been enough to chill investment in New York City, and that’s already impacting prices,”