Tweet by LHSummers

June 27, 2025

Rent control is the second-best way to destroy a city, after bombing. And, because of what it leads to in terms of under investment in repairing, maintaining, constructing new apartments, I think this is likely to exacerbate rather than improve issues around housing affordability in New York. This would be a gross policy error by @ZohranKMamdani. Watch tonight's Wall Street Week with @DavidWestin @BloombergTV https://t.co/DXrxYk1U1z

Author
LHSummers
Date
June 27, 2025