This is how private ownership disappears, one policy at a time.
NYC Mayor Zohran Mamdani plans to buy up homes on the private market, creating "city communes" to house residents
— End Wokeness (@EndWokeness) November 8, 2025
- The initiative is part of Mamdani’s $100 billion “Housing By and For New York” plan, which includes:
- $70 billion in municipal borrowing
- 200,000 new affordable units
- A rent freeze on stabilized apartments
- The city would use bond financing and public land swaps to fund acquisitions and construction.
https://www.vitalcitynyc.org/articles/a-housing-roadmap-for-new-yorks-next-mayor