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It's funny how in the US, even mayors get tagged as "conservative" or "democratic socialist." I always figured their job was just to keep the city services running.
Earlier quoted context omitted.
The people who have healthcare and didn’t before think it’s better.
For the small minority that get fully subsidized plans of course it’s great. Free stuff is always great for the receiver. But that’s only 5M people. For everybody else it just made healthcare more expensive. Nothing, absolutely nothing, in the ACA brought down costs . And hiding it behind ever increasing subsidies eventually comes to a breaking point.
Earlier quoted context omitted.
Bringing down costs while expanding the number of people getting healthcare was never in the cards unless someone had a magic machine to mint thousands of new doctors and not have to pay for patented medicine. Not to mention enormous tort reform. However, the increase in costs did slow after ACA: https://cepr.net/publications/health-care-cost-growth-slowed...
That’s a ridiculous interpretation of the regime change in the graph (which is much better interpreted as raising costs to adapt to profit caps).
As someone not in the US that doesn't pay a whole heap of attention, is it just me or did he run mostly uncontested? Running against a republican and a disgraced politician? No clue what mamdani is like, but it seems like NYC had little to no choice...which is a bit disappointing.
Mamdani's and by extension, his voters', ignorance about the effects of price controls in markets will be an interesting real-time political experiment. When the inevitable unintended outcomes become to emerge who will be blamed? https://rentguidelinesboard.cityofnewyork.us/resources/apart... https://www.zohranfornyc.com/platform Quoting Paul Krugman (Nobel prize winner and liberal columnist at the NYT). "The analysi…
Mamdani isn’t pitching widespread price controls, but rent control over a small section of New York housing twinned with abundance-style new development.
“In a 2022 paper, the political scientists Anselm Hager, Hanno Hilbig, and Robert Vief used the introduction of a 2019 rent-control law in Berlin to study how access to rent-controlled apartments influenced local attitudes toward housing development. The fact that the new law included an arbitrary cutoff date (it applied only to buildings constructed before January 1, 2014) allowed the authors to create a natural experiment, comparing otherwise-similar tenants in otherwise-similar buildings.
Heading into the experiment, the authors hypothesized that having access to a rent-controlled apartment would keep tenants in their existing units longer and therefore make them more resistant to neighborhood change. Instead, they found the opposite: Residents who lived in rent-controlled apartments were 37 percent more likely to support new local-housing construction than those living in noncontrolled units” [1].
[1] https://www.theatlantic.com/economy/archive/2025/11/mamdani-...
Mamdani's and by extension, his voters', ignorance about the effects of price controls in markets will be an interesting real-time political experiment. When the inevitable unintended outcomes become to emerge who will be blamed? https://rentguidelinesboard.cityofnewyork.us/resources/apart... https://www.zohranfornyc.com/platform Quoting Paul Krugman (Nobel prize winner and liberal columnist at the NYT). "The analysi…
Do those case studies include the case for expropriating landlords that don’t keep their buildings to code? Massive building sprees don’t bring prices down, they bring favelisation. If the effect of this policies is that housing prices tumble, and there’s potentially more housing stock on the market for people to buy (and no incentive for buying to let since rent freezes makes it unprofitable), this seems like a good…
The near-term effect will be a spike in market rates. If Mamdani delivers on new supply, rents should broadly flatten in real terms.
I hope this turns out well for New York, but I am doubtful. Rent control is such a colossally bad idea, a rent freeze is going to be a disaster. This is going to further increase the lottery nature of New York City real estate, and reduce investment. His plans are set to drive finance and businesses out of the city in his goal to give away money to everyone, which will bankrupt the city. Socialism has a bad track rec…
The city already has a crime problem
Socialism has a bad track record for a reason
This isnt even getting into hos antisemitism
Perhaps you don't know what you are talking about?
I hope this win signals (to both parties) that voters are receptive and will get engaged when a clear message is presented about cost of living and quality of life issues. Some of which are taken for granted in most other western countries. I’m no political wonk, and I’m curious what others with more insight might say about his ability to fund and implement his polices. I’m reminided of Obama and his hopeful message…
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Yes, a single payer system would be better, but this was better than doing nothing.
Mamdani's and by extension, his voters', ignorance about the effects of price controls in markets will be an interesting real-time political experiment. When the inevitable unintended outcomes become to emerge who will be blamed? https://rentguidelinesboard.cityofnewyork.us/resources/apart... https://www.zohranfornyc.com/platform Quoting Paul Krugman (Nobel prize winner and liberal columnist at the NYT). "The analysi…
Isn't that odd?
Mamdani's and by extension, his voters', ignorance about the effects of price controls in markets will be an interesting real-time political experiment. When the inevitable unintended outcomes become to emerge who will be blamed? https://rentguidelinesboard.cityofnewyork.us/resources/apart... https://www.zohranfornyc.com/platform Quoting Paul Krugman (Nobel prize winner and liberal columnist at the NYT). "The analysi…
The literal alternative, which is actually happening right now and not some textbook hypothetical is supply not keeping up anyway and landlords charging however much they want pretty much unbridled, not to mention major companies snapping up real estate and leveraging it as investment collateral rather than treating them and managing them as, you know, housing . We need a change. We don't need to do rent freezes in a…