The article critiques the proposal by left-wing mayoral candidates for a rent freeze on nearly one million rent-regulated units in New York City. It argues that though the idea may appeal to tenants, its implementation would have disastrous consequences, including potential slum-like conditions due to lack of maintenance and abandonment of buildings. The piece highlights the strategic calculation of candidates like Assemblyman Zohran Mamdani, who capitalize on the significant voting power of tenants, warning that such demagoguery could result in severe long-term harm to the city's housing structure.
If left unchecked, the promised multiyear rent freeze could transform New York City into a slum, leading to abandoned buildings and squalor for thousands.
Tenants outnumber landlords, and left-wing candidates are strategically courting this voting bloc, risking long-term damage to the city's housing quality.
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