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With temperatures rising in New York, one ambitious City Council member is proposing a law that would make landlords responsible for keeping everyone cool. Jay explains why the plan is wholly unrealistic – and better designed for grabbing headlines.

Plus, housing has become a hot topic in the presidential election. We examine the White House’s rent control proposal and other housing policies we’d like to throw cold water on. 

Stories cited in this episode: 

The Times: New York City Bill Would Mandate Air-Conditioning for Tenants

Crain’s: State’s home AC program runs out of money as heat-related illnesses climb

Reason: Joe Biden Loves Rent Control, J.D. Vance Hates BlackRock

Bloomberg: Biden’s Rent Control Plan Will Make the Housing Crisis Worse

Reason: Coconut Trees, Price Controls, and Demand Subsidies

Jay Martin: Bronx buildings in fiscal free fall

The Real Deal: “Not even distressed” rent-stabilized property sells for peanuts

BisNow: Nearly 300 Banks Are Vulnerable Because Of Their CRE Loans, Study Finds

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