The NYC Landlords Most Worried About Zohran Mamdani
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What is the main topic discussed in this episode?
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Hello and welcome to another episode of the Oddlots Podcast. I'm Joe Wiesenthal
and I'm Tracy Alloway.
Uh, Tracy, I don't want the podcast to be like an entirely New York City focused podcast. But like in our defense, not only do we live here, but you know what happens in New York City, it has it has problems and it has challenges that are seen really all around the world. So it's not terrible to do a few episodes related to, you know, what's happening around in our neighborhood.
I don't think it's terrible at all. And in fact, one specific area where New York really does have national, maybe even global relevance is in the housing arena.
Yeah.
Right. So we know New York City has a shortage of housing. People have been trying to come up with ways to improve that, build more supply for a long time and also lower rents. And so that that has, you know, implications for a lot of other cities and places that might also be capacity constrained.
Totally. I mean, like New York is sort of at egregious levels of housing on affordability, but every city around the world, I think every city that's booming has some challenges of affordability and uh building more, at least in the West. But I sort of think basically everywhere. And so, you know, people always talk about trying to solve it, et cetera. Anyway, of course. Past oddlots guest. Uh, Zoran Mamdanny has his uh proposals for how to address housing affordability, including a uh rent freeze on a significant chunk of the housing stock um in the city. And so we sort of need to get a sense of like what that means and how that, you know, what what the implication is for business. Weather could work, you know.
Well, the broader theme here, I guess, is the role of the public sector in the private market, right? Like if we want to get really, really conceptual with this, that's basically what we're talking about.
Yeah. And of course, uh Mam Dani has a slew of proposals and ideas, free buses, faster buses also, his public grocery store trial, et cetera. But you know, we did that recent episode with uh Kathy Wilde, the head of the partnership for New York, which represents a lot of uh major employers in the city. I'm sure they're anxious about him uh for a number of reasons. But uh she said within their community, it's really the real estate industry that is the most freaked out, so to speak.
Yeah. And I'm really interested in this because people talk about the real estate industry as this sort of monolith, but of course it isn't, right? There's residential, there's commercial, there's luxury, there's more affordable. So I I wanna dig into this a bit more and understand exactly what the concerns are and whether they're coming from different parts of the real estate network.
Yeah, and then there's, you know, even within real estate there's brokers and then there's developers who are separate from landlords, etcetera. Anyway. We do have uh the perfect guest, someone we've had on a few times. Every time New York City real estate is in the news, a guy we like to chat with. We are going to be speaking with uh Ben Carlos Typen.
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:00–6:34
2
What is the overall context of New York City housing policy in this episode?
6:34–13:52
3
How does Zohran Mamdani’s rent‑freeze proposal affect rent‑stabilized landlords?
13:52–21:17
4
Why are large developers concerned about streamlined approval processes?
21:17–24:27
5
Which groups in the real‑estate industry are most anxious about Mamdani’s vision?
24:27–34:24
6
What could happen to market‑rate rents if rent‑stabilized units are frozen?
34:24–37:13
Speakers
7 identifiedMore from Odd Lots
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