Mamdani’s war on affordability
With the clock ticking toward the Nov. 3 midterm elections, Republicans face deep voter concerns about President Donald Trump‘s seeming indifference to affordability issues. The perception exists even though sustained price hikes occurred between his nonconsecutive terms — a key reason voters returned him to the White House.
The good news is that there is zero evidence Democrats are taking the inflation issue any more seriously. And if New York City Mayor Zohran Mamdani‘s nearly eight-month tenure is any indication, the party’s ascendant socialist wing is actively committed to making the problem worse.
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After Mamdani passed his infamous rent freeze on a million housing units across New York City and proposed his unprecedented tax on pieds-a-terre, rents in Manhattan have skyrocketed to an all-time high of $6,655 per month. That corresponds with the city’s overall vacancy rate plummeting to its lowest point in nearly 60 years.
And despite going forward with government-run grocery stores in the name of affordability, the Bureau of Labor Statistics has found that the price index for food at home in the New York metro area (nearly half of which is composed of the........
