NYC’s market-rate tenants will foot the bill for Mamdani’s ‘rent freeze’

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

New York City rent freeze on 1 million rent-stabilized apartments is price control, not housing policy. It will reduce supply and hurt tenants.

New York City freezes rents for one million regulated apartments

New York City's rent freeze fulfillls a key campaign promise from Mayor Zohran Mamdani

As a rent freeze looms, rent-stabilized landlords feel the pain: “Fighting to stay alive”

New York City is set to vote on a rent freeze for stabilized apartments Thursday. For rent-stabilized landlords, it’s just another grievance on the pile. After rising insurance costs, water bills, property taxes and a statewide legislation that cratered the value of their buildings, what’s a revenue cap? “We are literally fighting to stay alive,” said Jerry Waxenberg, who owns 900 units across several boroughs. “We are running a negative cash flow.” Landlords say the real trouble started in 2019 with the Housing Stability and Tenant Protection Act of 2019. The law closed avenues for landlords to increase the rent []This article originally appeared on The Real Deal. Click here to read the full story.

Mamdani’s rent freeze leaves half of New Yorkers out in the cold

In New York City, a rent freeze doesn’t stop the housing crisis — it just shifts costs onto someone else. Roughly half of the city’s rental apartments are rent-stabilized, giving the Rent Guidelines Board enormous influence over the housing market. New York City Mayor Zohran Mamdani has made that power a political priority, pouring 54 []

Rent Guidelines Board grants rent freeze, but landlords warn of housing distress

Rent-stabilized tenants are praising Mayor Zohran Mamdani: Just as promised, tenants living in New York City’s 2.3 million rental units. The post Rent Guidelines Board grants rent freeze, but landlords warn of housing distress appeared first on New York Amsterdam News.

Congratulations On Your Rent Freeze, Rent-Stabilized New Yorkers!

'Cause everything is rent?

New York City freezes rents as Mamdani’s socialist vision takes shape

New York City housing authority voted Thursday to freeze rents for up to two years. The Rent Guidelines Board passed the rules in a 7-1 vote, and they will impact about one million rent-controlled apartments for tenants with one-year or two-year leases, Reuters reported. Mayor Zohran Mamdani, who has vowed to enact socialist policies in []...Click to read more

New York City’s Rent Freeze: Who Benefits, and What’s Next?

Mayor Mamdani’s rent freeze will bring relief to many, but it doesn’t disrupt a housing system built on profit and tenant exploitation. We need to organize for a socialist housing solution. The post New York City’s Rent Freeze: Who Benefits, and What’s Next? appeared first on Left Voice.

Mamdani's rent freeze passes for 1 million units

New York City's Rent Guidelines Board on Thursday approved Mayor Zohran Mamdani's (D) two-year rent freeze proposal for 1 million rent-stabilized apartments. The 7-1 decision by the independent board, consisting of mayoral appointees, applies to rent-stabilized apartments in buildings constructed before 1974 and buildings with certain tax breaks. The rent freeze goes into effect starting Oct....

New York City freezes rents for 1 million flats in win for Mamdani

A New York City housing board voted on Thursday to freeze the rents for about one million regulated flats for up to two years, fulfilling a central campaign promise of Mayor Zohran Mamdani only months into his term. The 7-1 vote by the city’s Rent Guidelines Board set increases at zero on both one-year and two-year leases from October. Hundreds ‌of tenants who crowded into a Manhattan museum auditorium cheered and blew whistles at the result. “This is a historic victory for New York City...

With New York’s Rent-Stabilized Housing, Someone Eventually Has to Write the Check

One of the most frustrating aspects of the debate surrounding New York City’s rent-regulated housing stock is that it has become almost entirely ideological. One side argues that rents should remain frozen to protect affordability. The other argues that buildings require sufficient revenue to remain financially viable. Politicians, tenant advocates, landlords and economists all have []

“It’s a Business”: NYC Landlord Facing $35K  Property Tax for His Buildings Speaks Out Against Zohran Mamdani’s Rent Freeze

NYC Landlord thinks people don't understand that owning apartments is a business. Sign up to receive the Daily Dot’s Internet Insider newsletter for urgent news from the frontline of online. The post “It’s a Business”: NYC Landlord Facing 35K Property Tax for His Buildings Speaks Out Against Zohran Mamdani’s Rent Freeze appeared first on The Daily Dot.

Mamdani Stans Insist Rent Freeze Good: Landlords Will Provide Services With Monopoly Money, Apparently

Mamdani Stans Insist Rent Freeze Good: Landlords Will Provide Services With Monopoly Money, Apparently

Mamdani Secures Rent Freeze for One Million New York Apartments

A New York City housing board appointed by mayor Zohran Mamdani has approved a rent freeze that will affect around a million homes. The Rent Guidelines Board on Thursday voted 7-1 for a 0 increase on one-year and two-year leases in the city’s rent-stabilised apartments.​ Mamdani appointed the majority of the board’s members in early []

Board freezes rent on 1 and 2-year leases for NYC's 1 million rent-regulated apartments

Board freezes rent on 1 and 2-year leases for NYC's 1 million rent-regulated apartments

Chicago's Older Apartments Are Running Out Of Room To Raise Rent

Class-C apartment operators in Chicago are buoyed by many of the tailwinds bolstering the city’s multifamily market as a whole: limited new supply, rising rent growth and recovering investor interest. But rising operating costs have squeezed margins...

New York City passes rent freeze, in line with Mamdani campaign promise

NEW YORK — A city board voted Thursday to freeze rents for up to two years for about 1 million rent-stabilized apartments, delivering on a key piece of Mayor Zohran Mamdani’s agenda while rattling the real estate industry. After months of hearings that included public and expert testimony, the Rent Guidelines Board handed down its []

Mamdani Unveils New Rule to Crack Down on Junk Fees and Subscription Scams

Advocates say the move, a part of the Mayor's affordability agenda, will save New Yorkers up to 162.5 million annually.

The Winter Eviction Crisis: Why a Couple Is Trapped in a Frozen Apartment Thanks to an Oblivious Neighbor and Slow-Moving Landlords.

Those neighbors can't move out quickly enough! The post The Winter Eviction Crisis: Why a Couple Is Trapped in a Frozen Apartment Thanks to an Oblivious Neighbor and Slow-Moving Landlords. appeared first on TwistedSifter.

NYC Rent Guidelines Board Approves Mamdani’s Rent Freeze

Next they'll complain when the buildings start to rot and landlords cannot make even the simple repairs. Have fun. The post NYC Rent Guidelines Board Approves Mamdani’s Rent Freeze first appeared on Le·gal In·sur·rec·tion.

New York City Has Tried Rent Freezes Before. Here's How They Ended.

New York City Has Tried Rent Freezes Before. Here's How They Ended.

New York City Board Approves Mayor Mamdani’s Rent Freeze: Here’s What We Know

On June 25, New York City Mayor Zohran Mamdani fulfilled another promise on his list of goals since stepping into office in January: tackling the city’s affordability crisis by issuing a city-wide rent freeze. Tuesday night, the New York Rent Guidelines Board voted to freeze rents for both one-year and two-year leases for residents living []

NYC set to freeze rents as critics warn of crumbling buildings and bankrupt landlords

New York City Mayor Zohran Mamdani promised a rent freeze for people living in 1 million apartments if he got elected

Nationwide rental listings are most affordable in years, Zillow says. In Boston? Not quite.

While 74 percent of national listings are affordable to a median-income household, Boston’s share sits at around 50 percent. The post Nationwide rental listings are most affordable in years, Zillow says. In Boston? Not quite. appeared first on Boston.com.

Mamdani Is Socializing Housing in NYC, Costing Taxpayers Billions

Mamdani Is Socializing Housing in NYC, Costing Taxpayers Billions

Mamdani Budget Bankrolls Drag Queen Story Hour While Veterans Take a Hit

New York City’s freshly-inked 126 billion budget shows exactly where Mayor Zohran Mamdani’s priorities lie — and it’s not with the men and women who served in uniform. The City Council, with Mamdani’s sign-off, carved out roughly 7 million for so-called “trans equity” initiatives, including 6.45 million funneled to a laundry list of LGBT advocacy ...

Rent ‘stabilisation’ recorded across Australia over past 30 days

SQM Research Managing Director Louis Christopher says rents are not rising to the same extent as some on social media suggest. ​“On our numbers over the past 30 days, we have actually recorded a stabilisation of rents,” Mr Christopher told Sky News Business Editor Ross Greenwood. ​“If we look over the last 12 months, rents have accelerated; we’ve got them up by about 6.9 per cent as a capital city average, and it’s well above CPI and well above wages growth. ​“During winter times, we tend to see a little bit of a lull in the rental market, where rents tend to stabilise. ​“What we’ve seen over the past 30 days is just that seasonal lull, so my point is that we are not ruling out could accelerate from here.”