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I hope this turns out well for New York, but I am doubtful. Rent control is such a colossally bad idea, a rent freeze is going to be a disaster. This is going t

I hope this turns out well for New York, but I am doubtful. Rent control is such a colossally bad idea, a rent freeze is going to be a disaster. This is going to further increase the lottery nature of New York City real estate, and reduce investment. His plans are set to drive finance and businesses out of the city in his goal to give away money to everyone, which will bankrupt the city. Socialism has a bad track record for a reason, there has never been an issue of people trying to escape market economies for socialist ones. The city already has a crime problem, defunding police and making the job unbearable wont help that. Grocery stores already run on razor thin margins, even with the logistics expertise and brutal capitalism of the likes of walmart or aldis, how does the famoisly expensive and incompetent nyc government plan on running a grocery store for cheaper (itll be at a massive loss). This isnt even getting into hos antisemitism “the boot of the nypd on your neck was laced by the idf” should have disqualified him, that kind of antisemetic talk was only on /pol/ like 2 years ago.

donohoe 1y ago
The city already has a crime problem The city does not have a crime problem. It exists, but its down, and its lower than most comparable (and smaller cities). NYC is safe. Socialism has a bad track record for a reason Only because people confuse it with "communism", otherwise it has a great track record. This isnt even getting into hos antisemitism Yeah, thats why Brad Landers, the most prominent elected Jewish member of the NYC political scene endorsed him and campaigned with him? Perhaps you don't know what you are talking about?
- TimorousBestie 1y ago
  Their profile says they’re from philly so yeah. . .
- carnufex 1y ago
  Socialism works in places with more or less homogenous populations. I always hear Norway/Sweden have universial everything. Yes they do cause taxes are sky high and the culture there is more or less the same. NYC is not Norway. People in Norway let babies sleep outside the supermarket when they go shopping. When you have that level of trust in a society, socialism has a fighting chance for sure. I think the establishment messed up big time here and Mamdami snatched it up.
  - ModernMech 1y ago
    Trust only comes from building it. I think you're confusing cause and effect here. Norway has a higher trust society not because of who they are but because of how they treat one another.
  - donohoe 1y ago
    I think you are cherry picking a few examples that you’ve heard about and inferring so so much into how they work based on generalizations at a country level. Not a very solid base.
voidhorse 1y ago
Mamdani has said basically none of the things you claim here. These are all clearly mischaracterizations of what he's actually said aimed and convincing someone like you to think he's a bad choice. In particular Mamdani has been extremely clear that he has no plans to defund the police in any fashion. In fact, he wants to enable NYPD to get back to solving crimes rather than incidents better handled by mental health professionals (e.g. people tweaking, by themselves, all alone, on the subway platform) How about watch some actual interviews in which Mamdani states what he wants to do rather than only get your information from third parties who clearly want to emphasize particular angles?
Braxton1980 1y ago
Crimes in the city is down in the long term and there's been a Covid spike that also happened around the country regardless of the elected officials.
tmvphil 1y ago
Zohran isn't proposing putting any new units under rent control (really rent stabilization), only temporarily halting raises to rents for existing stabilized units. This will make it harder for the city to attract new buildings to join rent stabilization in the future, but will benefit existing habitants. It won't have any effect on the ability to profitably develop market rate units at all.
- silexia 1y ago
  Property developer here. I have zero faith that NYC would not put rent control on new units in the future. I will invest nothing in NYC and will tell every other developer I know to avoid it like the plague.
  - lisdexan 1y ago
    If NYC actually makes it easy to build there's practically infinity investment available. Sure dude, nobody will build >1M condos because you told them not to.
  - suzdude 1y ago
    Mamdani is not advocating for it. His goals include attempts to make development cheaper. You sound like a doom sayer who'd stop investing in the USA because the current admin has made it an unsafe environment.
ismokedoinks 1y ago
[flagged]
guywithahat 1y ago
It's unfortunate because all you have to do is talk to landlords to figure out what's happening (https://www.youtube.com/watch?v=7KbGulTc4TY https://www.youtube.com/watch?v=7KbGulTc4TY). Lots of people own buildings, but they're legally prevented from renting them out without taking a loss. The result is you can't bring units back onto the market after they empty, and it becomes harder to find housing. Austin reduced rent prices by ~20% by building more housing even as the overall city population grew. Other small cities have seen rents decrease through active immigration policing. We know how to fix housing pricing there's just no motivation too, people want expensive, exclusive neighborhoods
- lisdexan 1y ago
  Excuse me, in that video the second gentleman inherited a building bought in the late 50's. Meaning he has no mortgage, his costs are tax, unit related maintenance and the legally required renovation costs. The apartment has stayed "untouched since the tenant passed away". It's clearly is still full of stuff of the deceased! I would understand if there's a big renovation needed (e.g., Asbestos removal, a hard to fix leak, replacing the entire plumbing/electric, etc.) but certainly one would've at least cleared the place oneself if the money is tight. The non-controlled apartment he shows doesn't seem that different beyond aesthetics, sure the modern lighting and new paint job looks nice but the windows are just single-pane like the mothballed unit. I find it telling that he doesn't mention any specific issue, or that he frames not breaking even on the first month as shocking. I've seen plenty of NYC apartment tours in the internet of random 20 somethings. A lot of them didn't look like they were renovated in this millennium. Isn't by definition, a landlord a property investor? Is it some tragedy if he has to invest and wait for a return? The building has been in his family for close to 70 years, did they do maintenance and renovations proactively? If he's so strapped for cash and doesn't have the cashflow or credit to repair the building, why doesn't he sell? Even if the price is lower because the rent control, the asset appreciation since the Eisenhower administration must be absurd. Yes, the actual solution is building like crazy, but is kinda insulting to blame rent control while showing landlords crying woe is me and sealing apartments with the tenant fresh in the morgue, transparently making a bet that rent control will be repealed because they are letting their units to rot.
lisbbb 1y ago
I don't know why people reflexively vote down comments like this one since it is completely reasonable in every way. Just, I guess, leftists who can't accept viewpoints they don't agree with? Like really--read some history books, maybe read up on how bad communism was in Eastern Europe and what led to its total collapse? Let's not go down that road again! There's plenty of examples out there already. I don't even get the hatred for Israel thing particularly, either--WWII was really, really bad for Jews. They deserve a homeland of their own and all these people complaining and calling everyone Nazis need to take a long look in the mirror--the major component of Nazism was ANTISEMITISM! It is morally reprehensible and it's been a struggle since 1948 because that hatred endures.
- thmoonbus 1y ago
  Maybe it's because you're throwing around terms like "communism" incorrectly while simultaneously telling people they need to read history books. It's the same term Trump has been using to fear monger around Zoran's candidacy, and doesn't seem to relate to any of his actual policies. If you can enlighten us about the relationship between 1950s soviet bloc communism in eastern europe and a fairly run-of-the-mill 2020s Bernie-styled democratic socalist platform, I'm all ears.
  - throwaway3060 1y ago
    If you're genuinely open to this conversation - the Soviet Union funded many of the world's labor movements, giving it varying amounts of influence on them. Influence which it sometimes used to spread talking points of its own choice and to its benefit. Democratic Socialists of America was born from a branch of one of these movements. This is more visible looking at DSA's foreign policy platform, where today they use virtually identical talking points to those the Soviet Union distributed to their partners back in the 60s and 70s. I don't know if a purely organic and independent socialist movement could have existed, but in this world, the movements with the means and resources to get their voices heard are going to be the ones who inherited resources and networks from their predecessors.
  - tguvot 1y ago
lisdexan 1y ago
>This isnt even getting into hos antisemitism “the boot of the nypd on your neck was laced by the idf” should have disqualified him, that kind of antisemitic talk was only on /pol/ like 2 years ago. Is that antisemitic? It's a fact that American cops are routinely trained by a foreign military with a track record of disregarding human rights. It's a fact that the NYPD has a recent history of police brutality. What's next? Mentioning that the US trained deathsquads in LATAM is Gringophobic? Also I'm not that sure 4chan is worried about police brutality even if it's a excuse to say antisemitic slurs.
RCitronsBroker 1y ago
let me guess, you are significantly less concerned about the much more blatant rhetoric used to disqualify zohran on his percieved religious association, arent you?

donohoe 1y ago

The city already has a crime problem The city does not have a crime problem. It exists, but its down, and its lower than most comparable (and smaller cities). NYC is safe. Socialism has a bad track record for a reason Only because people confuse it with "communism", otherwise it has a great track record. This isnt even getting into hos antisemitism Yeah, thats why Brad Landers, the most prominent elected Jewish member of the NYC political scene endorsed him and campaigned with him? Perhaps you don't know what you are talking about?

TimorousBestie 1y ago
Their profile says they’re from philly so yeah. . .
carnufex 1y ago
Socialism works in places with more or less homogenous populations. I always hear Norway/Sweden have universial everything. Yes they do cause taxes are sky high and the culture there is more or less the same. NYC is not Norway. People in Norway let babies sleep outside the supermarket when they go shopping. When you have that level of trust in a society, socialism has a fighting chance for sure. I think the establishment messed up big time here and Mamdami snatched it up.
- ModernMech 1y ago
  Trust only comes from building it. I think you're confusing cause and effect here. Norway has a higher trust society not because of who they are but because of how they treat one another.
- donohoe 1y ago
  I think you are cherry picking a few examples that you’ve heard about and inferring so so much into how they work based on generalizations at a country level. Not a very solid base.

voidhorse 1y ago

Mamdani has said basically none of the things you claim here. These are all clearly mischaracterizations of what he's actually said aimed and convincing someone like you to think he's a bad choice. In particular Mamdani has been extremely clear that he has no plans to defund the police in any fashion. In fact, he wants to enable NYPD to get back to solving crimes rather than incidents better handled by mental health professionals (e.g. people tweaking, by themselves, all alone, on the subway platform) How about watch some actual interviews in which Mamdani states what he wants to do rather than only get your information from third parties who clearly want to emphasize particular angles?

Braxton1980 1y ago

Crimes in the city is down in the long term and there's been a Covid spike that also happened around the country regardless of the elected officials.

tmvphil 1y ago

Zohran isn't proposing putting any new units under rent control (really rent stabilization), only temporarily halting raises to rents for existing stabilized units. This will make it harder for the city to attract new buildings to join rent stabilization in the future, but will benefit existing habitants. It won't have any effect on the ability to profitably develop market rate units at all.

silexia 1y ago
Property developer here. I have zero faith that NYC would not put rent control on new units in the future. I will invest nothing in NYC and will tell every other developer I know to avoid it like the plague.
- lisdexan 1y ago
  If NYC actually makes it easy to build there's practically infinity investment available. Sure dude, nobody will build >1M condos because you told them not to.
- suzdude 1y ago
  Mamdani is not advocating for it. His goals include attempts to make development cheaper. You sound like a doom sayer who'd stop investing in the USA because the current admin has made it an unsafe environment.

ismokedoinks 1y ago

[flagged]

guywithahat 1y ago

It's unfortunate because all you have to do is talk to landlords to figure out what's happening (https://www.youtube.com/watch?v=7KbGulTc4TY https://www.youtube.com/watch?v=7KbGulTc4TY). Lots of people own buildings, but they're legally prevented from renting them out without taking a loss. The result is you can't bring units back onto the market after they empty, and it becomes harder to find housing. Austin reduced rent prices by ~20% by building more housing even as the overall city population grew. Other small cities have seen rents decrease through active immigration policing. We know how to fix housing pricing there's just no motivation too, people want expensive, exclusive neighborhoods

lisdexan 1y ago
Excuse me, in that video the second gentleman inherited a building bought in the late 50's. Meaning he has no mortgage, his costs are tax, unit related maintenance and the legally required renovation costs. The apartment has stayed "untouched since the tenant passed away". It's clearly is still full of stuff of the deceased! I would understand if there's a big renovation needed (e.g., Asbestos removal, a hard to fix leak, replacing the entire plumbing/electric, etc.) but certainly one would've at least cleared the place oneself if the money is tight. The non-controlled apartment he shows doesn't seem that different beyond aesthetics, sure the modern lighting and new paint job looks nice but the windows are just single-pane like the mothballed unit. I find it telling that he doesn't mention any specific issue, or that he frames not breaking even on the first month as shocking. I've seen plenty of NYC apartment tours in the internet of random 20 somethings. A lot of them didn't look like they were renovated in this millennium. Isn't by definition, a landlord a property investor? Is it some tragedy if he has to invest and wait for a return? The building has been in his family for close to 70 years, did they do maintenance and renovations proactively? If he's so strapped for cash and doesn't have the cashflow or credit to repair the building, why doesn't he sell? Even if the price is lower because the rent control, the asset appreciation since the Eisenhower administration must be absurd. Yes, the actual solution is building like crazy, but is kinda insulting to blame rent control while showing landlords crying woe is me and sealing apartments with the tenant fresh in the morgue, transparently making a bet that rent control will be repealed because they are letting their units to rot.

lisbbb 1y ago

I don't know why people reflexively vote down comments like this one since it is completely reasonable in every way. Just, I guess, leftists who can't accept viewpoints they don't agree with? Like really--read some history books, maybe read up on how bad communism was in Eastern Europe and what led to its total collapse? Let's not go down that road again! There's plenty of examples out there already. I don't even get the hatred for Israel thing particularly, either--WWII was really, really bad for Jews. They deserve a homeland of their own and all these people complaining and calling everyone Nazis need to take a long look in the mirror--the major component of Nazism was ANTISEMITISM! It is morally reprehensible and it's been a struggle since 1948 because that hatred endures.

thmoonbus 1y ago
Maybe it's because you're throwing around terms like "communism" incorrectly while simultaneously telling people they need to read history books. It's the same term Trump has been using to fear monger around Zoran's candidacy, and doesn't seem to relate to any of his actual policies. If you can enlighten us about the relationship between 1950s soviet bloc communism in eastern europe and a fairly run-of-the-mill 2020s Bernie-styled democratic socalist platform, I'm all ears.
- throwaway3060 1y ago
  If you're genuinely open to this conversation - the Soviet Union funded many of the world's labor movements, giving it varying amounts of influence on them. Influence which it sometimes used to spread talking points of its own choice and to its benefit. Democratic Socialists of America was born from a branch of one of these movements. This is more visible looking at DSA's foreign policy platform, where today they use virtually identical talking points to those the Soviet Union distributed to their partners back in the 60s and 70s. I don't know if a purely organic and independent socialist movement could have existed, but in this world, the movements with the means and resources to get their voices heard are going to be the ones who inherited resources and networks from their predecessors.
- tguvot 1y ago

lisdexan 1y ago

>This isnt even getting into hos antisemitism “the boot of the nypd on your neck was laced by the idf” should have disqualified him, that kind of antisemitic talk was only on /pol/ like 2 years ago. Is that antisemitic? It's a fact that American cops are routinely trained by a foreign military with a track record of disregarding human rights. It's a fact that the NYPD has a recent history of police brutality. What's next? Mentioning that the US trained deathsquads in LATAM is Gringophobic? Also I'm not that sure 4chan is worried about police brutality even if it's a excuse to say antisemitic slurs.

RCitronsBroker 1y ago

let me guess, you are significantly less concerned about the much more blatant rhetoric used to disqualify zohran on his percieved religious association, arent you?