Part 5/12:
The prospect of Mdami implementing rent freezes has sparked intense debate. Mdami has asserted he can freeze rents for 2 million renters—a bold promise considering the mayor's authority. In contrast, the current Mayor Eric Adams has raised rents by over 12%, illustrating a stark policy divergence.
A vocal critic argues that such rent freezes are nonsensical, especially for property owners who rely on rental income to service mortgages, insurance, and maintenance costs. This critic laments the idea of government intervention dictating rent prices and questions the practical implications of freezing rents for only a fraction of the population, leaving millions unaffected.