‘Socialism is a disaster’: Bill Ackman says Zohran Mamdani’s bad left-wing housing policy is worsening New York’s affordability crisis

Bill Ackman argues that New York City's affordability crisis stems from left-wing housing policies, specifically criticizing Mayor Zohran Mamdani's rent-freeze agenda. Ackman claims rent-stabilization rules split the housing market, reduce available units, and force landlords to raise market-rate rents. Mamdani, a democratic socialist, defended the rent freeze as a victory for tenants.