"I'm very worried," says McKee. "The lead bill has two lessons: first, Peter Vallone's allegiance is, without question, to the real estate industry. And second, if he puts his mind to doing a [rent] decontrol bill, he will get his votes one way or the other.
"But what's also relevant is a looming mayoral election. Vallone will have to understand that he can't get elected as the candidate of the landlords, and that's what he is. I think he has made a serious political mistake with the lead bill."