DISPATCHES FROM THE OCCUPIED ZONES: Manhattan rents reach all-time high of $6,655/month amid Mamdani’s rent freeze and pied-a-terre tax threat. “That’s a brutal 10% jump from a year ago, and real estate pros are pointing straight at Mayor Mamdani’s incoming rent freeze on stabilized units as one of the culprits, along with a looming pied-a-terre tax that brokers say is only going to squeeze the market harder. The pain is compounded by a record-low number of vacant apartments across the city, leaving desperate renters with almost nowhere to turn.”
As foretold by the prophets:
Who could have predicted that stupid ideas cooked up by rich squatting nepo babies would backfire and hurt struggling working class New Yorkers https://t.co/yW1kyiHYaJ
— Batya Ungar-Sargon (@bungarsargon) August 12, 2026