So many crazy things are happening in real estate and politics. President Donald Trump and Gov. Kathy Hochul are adopting each other’s ideas. Mayor Zohran Mamdani made a striking admission about rent-stabilized buildings. And Cea Weaver, tenant activist and newly appointed Mamdani official, is apologizing for her long-held beliefs. Let’s start with Mamdani. His legal brief on the Pinnacle portfolio bankruptcy asserted that even at the mere $88,000 per unit offered by Summit Properties USA, the price would be too high. This is the same man who claimed throughout his campaign that owners of rent-stabilized housing were profiting handsomely. Now […]

This article originally appeared on The Real Deal. Click here to read the full story.