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    Home » ‘DOUBLING DOWN ON STUPID’: Manhattan rents EXPLODE to under Mamdani

    ‘DOUBLING DOWN ON STUPID’: Manhattan rents EXPLODE to under Mamdani

    June 20, 2026 Business and Money Vids 2 Mins Read
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    ‘The Big Money Show’ discusses Manhattan’s median rent, which climbed to a record $5,125 in May, up 7% from a year ago, raising new questions about affordability as demand continues to outpace housing supply across New York City. #foxbusiness

    00:00 — Manhattan Rents Hit Record High Despite Affordability Promises

    00:37 — Michael Lee: More Government Control Won’t Lower Housing Costs

    01:21 — Why Zohran Mamdani’s Message Resonated With Voters

    01:50 — Mamdani’s Multi-Billion-Dollar Plan to Increase Housing Supply

    02:35 — Developers Face Uncertainty as NYC Housing Costs Keep Rising

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    FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television. In 2025 it opened the year posting double-digit advantages across business day, market hours and total day viewers in January. Additionally, the network continued to lead business news programming, with each business day program placing among the top 15 shows, while FBN delivered its highest-rated month since April 2023 with market hours.
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