Property owners in New York warned that Mamdani's policies are ruining the city

Property owners in New York City have claimed that the policies pushed by Mayor Zohran Mamdani are "destroying the American dream" and ruining the Big Apple.

The Muslim government leader seeks to freeze rental prices and add regulations that impose an unsustainable financial burden on landlords, making property management unviable and pushing them towards bankruptcy. Many claim that years of rising costs and restrictive housing policies are pushing family businesses to the brink.

"This shows how corrupt the system is as a whole and the inefficiency that reigns here," said New York property owner José Tur this Tuesday to Fox News. Tur dedicated his entire life to building a real estate business after emigrating from Cuba and, even so, he is labeled by Mamdani's activists as "a ruthless businessman."

In the same vein, another owner, Natalia Bonanno, warned about the "growing attacks from the far left" and noted that excessive operational and maintenance costs make it increasingly difficult to financially sustain buildings that have apartments regulated by the government.

Last month, the New York housing board —an agency responsible for regulating rents in the city, where six of its nine members answer to Mamdani— voted in favor of freezing rental prices for a period of two years for nearly one million government-regulated apartments, a measure applicable to one- or two-year contracts.