One way or another, Mamdani’s rent freeze will mean disaster for those he claims to help

Bogdan Hofbauer

Who does the city Rent Guidelines Board thinks it’s fooling by pretending it’s not rushing to make good on Mayor Zohran Mamdani’s “freeze the rent” promises? Mamdani pretends that freeze for the million or so apartments covered by the state Rent Stabilization laws will enhance affordability and improve New Yorkers’ quality of life, but in fact it will hasten the deterioration of the city’s most vulnerable housing stock and push unprofitable units right off the market. In the first stage of this