Rent control, like every other socialist policy, has been tried and has only made problems worse, not better. Yet every generation of socialists believes socialism is the answer. Photo courtesy of StreetEasy. On June 25, 2026, the Rent Guidelines Board (RGB) voted 7-1 to set the annual rent adjustment for rent-stabilized apartments at 0% for both one-year and two-year lease renewals commencing October 1, 2026, through September 30, 2027, fulfilling Mayor Zohran Mamdani’s campaign pledge to “freeze the rent.” It is the first time in the board’s history, dating to 1969, that a two-year lease has been frozen at 0%; one-year freezes had occurred three times previously under Mayor de Blasio. The board also set the hotel and single-room-occupancy (SRO) order at 0% for…
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