Can you imagine your tiny little apartment costing this much?

By Mike LaChance
Snip

When Zohran Mamdani was running for mayor of New York City, he repeatedly talked about freezing the rent. Voters heard this and thought it meant that if Mamdani was mayor, their rent would go down.

That’s not how the real world works, but that’s what people heard. In a sense, they heard what they wanted to hear. Mamdani knew all of this but he kept talking about it anyway.

Now he has been in office for six months and rents in New York City just hit an all-time high.

NYC housing crisis hits ‘DefCon 1’ as rents jump to more all-time highs

The city’s housing crisis has hit “DefCon 1” — with average rents for a one-bedroom in Manhattan hitting an all-time high of nearly $5,500 last month, and Brooklyn following suit, according to new data and critics.

In Brooklyn, the average one-bedroom cost renters $4,297 a month.

According to an analysis conducted by the Corcoran Group, a real estate firm. The most recent available data shows roughly 48% of New Yorker residents were born outside the United States, and about 40% of rentals in the city are occupied by foreign-born individuals.

“Young Americans compete for housing with millions of foreign arrivals,” Rep. Brandon Gill, R-Texas, wrote on Monday in response to the rent data out of New York City.

The Mamdani people seem to think the city can just buy up all the real estate and then become one of the biggest landlords in the city.