Rebecca Picciotto

Rebecca Picciotto, a WSJ reporter specializing in real estate, dives into the heat of NYC's mayoral race, spotlighting candidate Zohran Mamdani's push for affordable housing and rent freezes. As Mamdani resonates with young, rent-strapped voters, the real estate industry scrambles to adapt to these new dynamics. Picciotto discusses the fierce competition for housing, the implications of proposed rent regulations, and how the election results are shaking up strategies in the real estate sector. The impact of housing affordability on electoral politics takes center stage.

Rebecca Picciotto, who covers real estate for the WSJ, dives into New Rochelle's bold strategy to keep rents down while many areas struggle. She explains how the city revitalized itself, turning challenges into opportunities by building thousands of new housing units. The discussion also highlights the balancing act between attracting newcomers and addressing the concerns of long-time residents. Picciotto reveals how New Rochelle's innovative approaches could influence nationwide housing policies, showcasing a potential model for sustainable urban development.