Notably, a rent freeze is only one component of Mamdani's larger housing strategy, which centers on a $100 billion, 10-year plan to create 200,000 new rent-stabilized homes for households earning less than $70,000 a year, while also heavily investing in the preservation of existing public housing.

A key component of Mamdani's approach to solving the housing crisis is to speed up the city's notoriously long permitting process by fast-tracking new affordable housing projects.

notably, freezing the rent is the lever that the mayor's office can pull right now, while solving NYC's housing shortage is by design a medium to long term goal at best.

Tenants staying in one place long term also isn't a bad thing necessarily, since people in one place for a long time tend to be better at taking care of their place. That's one of the core arguments in favor of home ownership in the first place - get people to settle in, and they will willingly take care of the spot they're at.

but I wonder, how many empty units are in NYC that aren't being rented because they're being sat on as financial assets or kept in unlivable conditions by absentee landlords? that's another lever Mamdani has explicitly said he'll pull, using existing laws to seize units that aren't on the market and buildings that aren't being taken care of. Wake me when/if that starts happening, the meltdown from realtor dot com will be legendary.

[–] ClimateStalin@hexbear.net 8 points 5 days ago

Tenants staying in one place long term also isn't a bad thing necessarily, since people in one place for a long time tend to be better at taking care of their place. That's one of the core arguments in favor of home ownership in the first place - get people to settle in, and they will willingly take care of the spot they're at.

I can tell you for a fact I’m a lot more careful about what I pour down the kitchen sink at my parents house that they own than any apartment I’ve lived in for a year.