Editorial | The Impending Developer Bailout in New York

Written by Emily J. Thompson, Senior Investment Analyst

Source: WSJ

Updated: Nov 30 2025

0mins

Source: WSJ

Mayor-elect's Rent Control Plans: New York City Mayor-elect Zohran Mamdani aims to tighten rent control, but may first need to provide financial assistance to struggling landlords facing operating deficits.
Financial Struggles of Landlords: A report from the New York Housing Conference indicates that landlords require $1 billion in government aid due to rising costs and insufficient rent increases.
Impact of Rising Costs: Landlords have seen insurance costs rise over 25% annually, while allowable rent increases have averaged less than 2%, leading to financial strain.
Challenges from Eviction Moratorium: The prolonged Covid eviction moratorium has resulted in more tenants not paying rent, complicating the financial situation for landlords due to stringent eviction laws.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.