The Decade of Regulation: How New York City’s Housing Policies Fueled Rental Inflation

The Reason Foundation’s Jen Sidorova cited thought leadership research from Columbia Business School’s Professor David Aviram in an analysis examining how a decade of New York City housing policies has contributed to rising rents. Drawing on findings from The Mamdani Rent Freeze and Its Impact on New York City’s Multifamily Market, the piece highlights how regulatory constraints have reduced new construction, limited supply elasticity, and intensified pressure on the rental market. Aviram’s research illustrates how well-intentioned policies can produce unintended consequences, particularly in cities already grappling with affordability challenges.