Bill Ackman
@BillAckman
How to destroy a city.
Win an election by promising half the tenants frozen rents paid for by increased rents on the rest of the city’s tenants who often live in the same buildings with their subsidized neighbors. Pit neighbor against neighbor.
Create a city hostile to developers of apartments eliminating the potential for new supply.
Freeze rents so it is cheaper not to rent the apartment than to spend the capital required to renovate and rent it, shrinking the supply further.
Place all of the increased burden on the unregulated, market-rate tenants and the owners of buildings with no market rate apartments that can’t raise rents forcing them into foreclosure and the buildings into disrepair.
That’s all you need to do.
How to destroy a city.
Win an election by promising half the tenants frozen rents paid for by increased rents on the rest of the city’s tenants who often live in the same buildings with their subsidized neighbors. Pit neighbor against neighbor.
Create a city hostile to… https://t.co/P5c80SMlsJ
— Bill Ackman (@BillAckman) July 8, 2026