• Home 1
  • Privacy Policy
LSD News
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
LSD News
No Result
View All Result
Home Business

Cuomo accuses Mamdani of being a ‘very rich person,’ demands he ‘move out immediately’ from his rent-stabilized apartment

by
August 13, 2025
in Business
0
Cuomo accuses Mamdani of being a ‘very rich person,’ demands he ‘move out immediately’ from his rent-stabilized apartment
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



AP25224651274353 e1755039009231

Andrew Cuomo is demanding that his opponent in New York City’s mayoral race, Zohran Mamdani, vacate his rent stabilized apartment, while pushing a longshot proposal that would bar other middle-class renters from accessing much of the city’s housing.

“I am calling on you to move out immediately,” Cuomo wrote in a widely-viewed social media post this weekend, casting Mamdani as “a very rich person” occupying an apartment that could otherwise be used by a homeless family.

The line of attack drew tens of millions of views online and revived a long-standing debate about who should have access to New York’s highly sought-after rent stabilized units, which make up roughly 40% of the city’s rental stock and are currently open to people of all incomes.

It also illustrated the rhetorical lengths that Cuomo is willing to go to as he mounts an independent bid for mayor against Mamdani, a democratic socialist who defeated him handily in the Democratic primary on a platform that centered on affordability and freezing rent on stabilized units.

Mamdani, who earns $143,000 annually as a state legislator, has said he pays $2,300 per month for a one-bedroom apartment in Queens that he shares with his wife — a living situation that Cuomo called “disgusting.”

By contrast, Cuomo, a multimillionaire who previously served as the state’s governor, spends roughly $8,000 monthly on an apartment in Midtown Manhattan that he moved to last year from Westchester County, a wealthy suburb.

In recent weeks, the 67-year-old Cuomo has adopted a more aggressive social media presence, earning both praise and mockery for his use of millennial internet-speak and repeated references to his opponent’s “privilege.” Mamdani’s mother is a successful independent filmmaker and his father is a Columbia University professor.

On Monday, Cuomo went a step further, releasing a formal proposal, which he dubbed “Zohran’s Law,” barring landlords from leasing vacant rent stabilized units to “wealthy tenants,” defined as those who would pay less than 30% of their income toward the existing rent.

The rent regulation program, which caps how much landlords can raise rent each year on roughly 1 million apartments, does not currently include any income restrictions — something opponents have long pushed to change.

While the average rent stabilized household makes $60,000 annually, it is not uncommon for middle- or higher-income New Yorkers to live in the units, which sometimes rent for several thousand dollars per month.

But Cuomo’s idea drew swift skepticism from some housing experts, who noted the cap would, by definition, mean all new tenants of rent stabilized units would give up a substantial portion of their income.

“The idea that we should only have people living in apartments they can’t afford seems to be setting people up for failure,” said Ellen Davidson, a housing attorney at The Legal Aid Society. “It’s not a proposal from somebody who knows anything about the housing market or New York City.”

The Real Estate Board of New York, a landlord group whose members overwhelmingly backed Cuomo in the primary, did not respond to an inquiry about whether they supported the proposal. But in an email, the group’s president, James Whelan, said that the “benefits of rent regulation are not well targeted” and that some form of means testing should be considered.

Under state law, hikes on rent-stabilized units are decided by an appointed board, rather than landlords.

“Rent stabilization has never been means tested because it’s not an affordable housing program, it’s a program about neighborhood stability,” said Davidson, the housing attorney, adding that the proposal would likely present a “bureaucratic nightmare.”

A spokesperson for Cuomo’s campaign, Rich Azzopardi, said in a text message that “the ultra wealthy and privileged should not be taking advantage of a program meant to aide working New Yorkers,” adding that the income threshold standards would fall under the same system that governs the city’s other programs for low-income housing.

Mamdani’s spokesperson, Dora Pekec, said the proposal proved that Cuomo was both desperate and out of touch.

“While Cuomo cares only for the well-being of his Republican donors, Zohran believes city government’s job is to guarantee a life of dignity, not determine who is worth one,” she added.

Introducing the 2025 Fortune Global 500, the definitive ranking of the biggest companies in the world. Explore this year’s list.
Tags: AccusesapartmentCuomoDemandsimmediatelyMamdanimovePersonrentstabilizedRich
Previous Post

Job agent arrested for defrauding youth over Rs. 900,000 by promising employment in Romania

Next Post

Nykaa shares rally 5% as brokerages turn more bullish post Q1 results. Should you buy, sell or hold?

Next Post
Nykaa shares rally 5% as brokerages turn more bullish post Q1 results. Should you buy, sell or hold?

Nykaa shares rally 5% as brokerages turn more bullish post Q1 results. Should you buy, sell or hold?

Stay Connected test

  • 139 Followers
  • 205k Subscribers
  • 23.9k Followers
  • 99 Subscribers
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Hawaii officials work to address mental health challenges facing wildfire survivors

Hawaii officials work to address mental health challenges facing wildfire survivors

August 17, 2023
Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

August 10, 2023
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

July 16, 2023
Working-age Americans are struggling to pay for health care, even those with insurance, report finds

Working-age Americans are struggling to pay for health care, even those with insurance, report finds

October 28, 2023
Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

5
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

5
Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

3
Georgia realtor receives invitation to play the Masters by mistake | CNN

Georgia realtor receives invitation to play the Masters by mistake | CNN

1
New York Attorney General James sues Zelle parent company, alleging it enabled fraud

New York Attorney General James sues Zelle parent company, alleging it enabled fraud

August 13, 2025
Sebi permits use of mutual funds for IAs, RAs deposit compliance

Sebi permits use of mutual funds for IAs, RAs deposit compliance

August 13, 2025
Amazon launches same-day delivery of meat, eggs, produce in more than 1,000 cities

Amazon launches same-day delivery of meat, eggs, produce in more than 1,000 cities

August 13, 2025
Ethereum Derivatives Mania: OI At  Billion For First Time

Ethereum Derivatives Mania: OI At $30 Billion For First Time

August 13, 2025

Recent News

New York Attorney General James sues Zelle parent company, alleging it enabled fraud

New York Attorney General James sues Zelle parent company, alleging it enabled fraud

August 13, 2025
Sebi permits use of mutual funds for IAs, RAs deposit compliance

Sebi permits use of mutual funds for IAs, RAs deposit compliance

August 13, 2025
Amazon launches same-day delivery of meat, eggs, produce in more than 1,000 cities

Amazon launches same-day delivery of meat, eggs, produce in more than 1,000 cities

August 13, 2025
Ethereum Derivatives Mania: OI At  Billion For First Time

Ethereum Derivatives Mania: OI At $30 Billion For First Time

August 13, 2025

We bring the latest news from all over the world and get all time updated you

Follow Us

Browse by Category

  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
  • Uncategorized

Recent News

New York Attorney General James sues Zelle parent company, alleging it enabled fraud

New York Attorney General James sues Zelle parent company, alleging it enabled fraud

August 13, 2025
Sebi permits use of mutual funds for IAs, RAs deposit compliance

Sebi permits use of mutual funds for IAs, RAs deposit compliance

August 13, 2025
No Result
View All Result
  • Home 1
  • Privacy Policy

© 2024 LSD News title="Jegtheme">Jegtheme.