it will be cheaper for people in the rent stabilized apartments. the argument is that capitalists wont invest as much in new housing given their rents are reduced. but that doesnt mean itll be expensive for everyone, ofc rent-stabilized dwellers will have it cheaper, also not all of housing stock is rent-stabilized, theres plenty of room for capitalists to build and rent seek.
government sponsored/built housing is a thing, it doesnt depend on capitalists’ ‘animal spirits’ or rents. unfortunately, the fiscal space for municipal govs is limited, lets see what taxes Mamdani comes up with.
This is an interesting article, except, you know, Even when everything was going the landlord’s way, they still weren’t building cheap apartments that were going to solve this problem for the tenants. Seems like this article only cares about the landlord risk, which, you know, they took that risk. Isn’t that the whole point of capitalism?
