Eliot Spitzer, having retreated from public office after a prostitution scandal, has resurfaced to share insights on New York City's political and real estate landscape. He acknowledges rising demand in the high-end real estate market but criticizes current rent laws for stifling housing supply. Spitzer believes affordability presents the greatest threat to the city, while expressing concerns over mayoral front-runner Zohran Mamdani's potential solutions. His past experiences with Donald Trump and Andrew Cuomo inform his views on current political dynamics.
Real estate is doing fine. The demand at the high end is real. Our structure of rent laws has, unfortunately, inhibited the creation of the supply that we need to keep the city viable.
I don't know about 'expert,' but I do have opinions. Mamdani has correctly identified affordability as the greatest threat to the city's future, but his answer may make the problem even worse.
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