Mamdani’s $22 billion housing lunacy proposal will socialize the skyline

Mayor Zohran Mamdani proposed a $22 billion plan to build and preserve 200,000 affordable housing units in New York City over a decade, using rent control and government intervention to address housing unaffordability. Critics argue the plan will reduce housing supply, increase prices for non-controlled units, and deteriorate property quality by discouraging private investment.