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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 othe
by 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 agoIf 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 agoMamdani 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.