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1 week ago

Mamdani ripped over record-high NYC rents with critics pointing to policy they say is fueling crisis

New York City Mayor Zohran Mamdani is facing renewed criticism over housing affordability as rents in Manhattan and Brooklyn hit record highs, with conservative commentators arguing that immigration-driven demand is adding pressure to an already tight rental market that the mayor campaigned to ease.Manhattan's and Brooklyn’s median rents reached $5,295 and $4,350, respectively, in June, according to an analysis conducted by the Corcoran Group, a real estate firm. The most recent available data shows roughly 38% of New Yorker residents were born outside the United States, and about 40% of renta...