The irony of Mamdani is he’s coming into a place that has been ruled by Democrats for the last 20 years.
The biggest reason for rising prices is intrusive government.
*Regulations now account for almost a quarter of the cost of a new home. *
“The permitting process in most American cities is so convoluted it can take months, sometimes even years, to get simple permits,” said Slivinski.
*One California project, for example, took 22 years — just to get approvals. *
“You can’t meet the market demand if you are taking 22 years to bring a community to market,” a builder in Sacramento complains.
“$93,000 a house, just for the privilege to build the house!”
Also, NYC is an open borders sanctuary city. One has to be an idiot to think that you can absorb endless levels of the world’s poverty into a community and think that there will not be consequences.