The City Council's proposal to ban broker's fees is naive, as landlords will likely increase rents or create a black market, hurting the housing market further.
By outlawing the free-market process, the Council risks devastating consequences for tenants and landlords alike, as the balance in the rental market is disrupted.
Councilman Chi Ossé, despite his privilege and lack of real-world experience, pushes this bill without understanding its implications for struggling landlords and tenants.
Insufficient pushback from Mayor Adams and Council Speaker Adrienne Adams allows misguided social policies to persist, further complicating the already distressed housing market.
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