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Mamdani’s frozen rent will make NYC more unaffordable

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With Mayor Zohran Mamdani’s supporters exultant over the rent freeze approved by his stacked Rent Guidelines Board, it’s perhaps rude to point out the many downsides of this latest pander to his voter base.

Point out we must, however: Mamdani’s board has created a crazily skewed housing market in which some people are big winners, and most others lose — while the city becomes less dynamic.

In the latest city survey in 2023, the median income for rent-stabilized tenant households was $60,000, and 30% had incomes over $100,000.

Are you one of the latter group — a graduate of a selective college, working a professional job and living in the “Commie Corridor” of northern Brooklyn and western Queens?

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Your rent is frozen, even if you get regular raises.

Of course, many poor households have had their rent frozen,........

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