Billionaire investor Bill Ackman warned that New York City’s rent freeze, tax policies and limits on development could worsen the city’s affordability crisis by discouraging construction and investment.In a wide-ranging interview with Fortune published Wednesday, the Pershing Square Capital Management founder argued that government policy is driving up housing and energy costs in New York."The answer isn’t socialism – socialism is a disaster," Ackman said. "Watch what happens to New York City if [Mayor Zohran] Mamdani succeeds in implementing these plans."Ackman said New York’s housing shortag...
Bill Ackman sounds alarm on Mamdani’s economic agenda: 'Socialism is a disaster'
HALO Newsroom
Aug 7, 2026 • 1 month ago
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