Ackman says Mamdani right to address affordability but has wrong solution to NYC housing issue

Billionaire investor Bill Ackman said on Wednesday that New York City Mayor-elect Zohran Mamdani is right to focus on the city’s housing affordability crisis, though his proposed plan to address it is deeply misguided."I give Mamdani credit for identifying a very important issue, which is affordability. I give him big debits for his approach to solving the problem," Ackman said during an exclusive interview on "Mornings with Maria.""The way to bring rents down is to increase supply, not to reduce supply," Ackman said.A progressive voice from Queens, Zohran Mamdani won the Nov. 4 election to le