Housing / Economics / United States
New York Is Being Priced Out of Itself and Mamdani Is the Answer the City Chose
New York’s housing crisis is no longer a policy problem. It is a pressure system that turns scarcity into leverage and leverage into misery. With vacancy near collapse and lower cost homes disappearing, the city is bleeding out its working life. Singapore shows there is a way out: build a pipeline, discipline speculation, and treat housing as infrastructure.