Neal Freiman

And St.

Paul right next door did have rent control.

And they just and they saw permits for multifamily construction just tumble precipitously.

And now they are rolling that back.

So if you look at different places around the United States that have implemented this,

including Massachusetts back in the 70s and 90s, which you can talk about, then they say this is just a policy that while it has great intentions to bring prices, to keep prices manageable for rents, it just simply doesn't work on the ground.

Yeah, we should just say it's not just Boston or Massachusetts that is entertaining the idea of rent control in Los Angeles.

They just recently recently tightened rent control for the first time in four decades.

Zoran Mamdani, the new mayor of New York City, has this big campaign pledged to freeze rents for stabilized people.

It looks like we'll see what happens in Massachusetts, but it does seem like there's a lot of popular support.

There was a survey of 500 registered voters.

Nearly 63 percent would support the rent control ballot measure should it come in November.

And also, this is not the this is not the only governor mayor spat that's happening right now.

Right now, yesterday, Zoran Mamdani of New York City proposed a 9.5% property tax hike, which goes against what New York Governor Kathy Hochul wanted because he wants to tax the wealthy and corporations.

And he said that Hochul's not letting him do that.

So this was a last-ditch attempt to fill a $5 billion two-year budget hole.

So that's a nearly 10% property tax hike for New York City, which would be the first property tax hike in more than two decades.

That got a lot of people talking.

This has really big implications because over the past couple of years from 2023 to 2025, these same researchers that did this study have been tracking remote work and they found that work from home rates have been declining over that time period.

But this study suggests that maybe in five to 10 years, so you're talking about as more Gen Z comes into the boardroom and they implement these remote first policies, that total remote work rates across the United States will start to rise again.