Hereâs what I think will happen in NYC under Mahdami. The free buses and government grocery stores wonât happen, they never do. They sound good during campaigns, but collapse under basic math. You canât run a city on ideas that cost billions and produce no revenue. The only way to make housing affordable is to build more housing.
The free market lowers prices, not regulation. Every time politicians try to control rent or force affordability by decree, developers stop building and landlords stop maintaining. Supply dries up, the quality collapses, and the few properties that remain skyrocket in price. Once landlords canât make a profit, they sell, lose properties, or walk away. Eventually, the government takes over. Taxes will rise to pay for the promises, and the middle class will be the ones shouldering the burden. The rich will relocate, the poor will depend on subsidies, and the productive class will be squeezed from both sides.
Thriving businesses are the foundation of any thriving city. When they leave, everything else follows, jobs, schools, grocery stores, stability. Chicago already proved this. Boeing, McDonaldâs, Caterpillar, Citadel, nearly 70k jobs, all gone. Now theyâre facing billion-dollar deficits, half empty schools and neighborhoods without grocery stores. I saw someone who lived in a rent-controlled apartment in California put it perfectly, he said his landlord could no longer afford maintenance so the pool was filled with dirt, the floors had soft spots, and the foundation ended up cracking. Thatâs what overregulation does, it destroys quality.
People who voted for this will eventually feel the pain but they wonât blame the policies or the politicians, theyâll blame the rich for leaving.
This conversation is always difficult because most people simply donât understand market dynamics or incentives. In a free society, people act in their own self-interest. If you remove profit and reward dependency, productivity dies and the city with it. If you think things are expensive now, just wait until theyâre âfree.â
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