President Donald Trump has ignited a heated debate over rent control in New York City, warning that a proposed rent freeze could lead to the city's buildings being transformed into "ghettos and slums." The comments come as the city's mayor and city council consider legislation to cap rent increases at 3% annually, a move aimed at protecting tenants from rising costs. Trump, who owns a significant portfolio of real estate in the city, claims that such a measure would make it impossible for landlords to maintain their properties, leading to a decline in services and a deterioration of living conditions. The controversy highlights the deepening divide between those who see rent control as a necessary tool for affordability and those who argue it would strangle the city's housing market.
President Trump says NYC rent freeze will turn buildings "into ghettos and slums" CBS News
