December 17, 2025
Mamdani also won the mayoralty, and he ran on the affordability crisis. But his solution of **“rent freezing” doesn’t work.** It disincentivizes construction, sending rents everywhere else up. A good example of this policy not working is Argentina. One of President Javier Milei’s best moves was **scrapping all the rent controls** in Buenos Aires. Since he did that, supply has nearly tripled and **rents have fallen** by about **40%.**
9 of 10