What annoys me most about Mamdani supporters is not that they make economic errors, but that they're so often unwilling to even consider the possibility that their favored policies have downsides. They'll sleepwalk into policies that hurt the people they want to help.
What do studies say about "freezing the rent"?
Let's have a thread🧵
First thing's first: Most studies agree that rent controlled units have lower rents, but also the supply of rentable units goes down and un-controlled units see their rents increase.
Uh-oh!