The election of Zohran Mamdani as New York City’s first democratic socialist mayor underscores a growing public outcry over skyrocketing housing costs and widening inequality in global cities, according to Jean Imbs, Professor of Economics at New York University Abu Dhabi. Imbs attributes Mamdani’s victory to a combination of personal charisma and the city’s acute housing affordability crisis, which has left middle-class families struggling to secure affordable homes.
UAE: Housing pressures drove Mamdani’s New York win, NYUAD economist says
