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It will be interesting to see how that changes with mamdani. Depending on who you ask, it will either bring in the Utopia or it will be a devastating waste, but
by freedomben 3mo ago
It will be interesting to see how that changes with mamdani. Depending on who you ask, it will either bring in the Utopia or it will be a devastating waste, but very few people expect not much to change.
Thing is, it takes years to move so it will be a while until we see the results. Regardless of which side you tend to be on, it seems like it will be a useful experiment!
- burritoAlPast0r 3mo ago"Regardless of which side you tend to be on, it seems like it will be a useful experiment!" I strongly disagree.
- jonfromsf 3mo agoMamdani is going to destroy the entire pre-1974 multifamily housing stock of the 5 boroughs. It will happen really quickly (values already down 40%, 11% of owners are behind on their mortgages).
- garbawarb 3mo agoHow will he do that?
- bayarearefugee 3mo ago> How will he do that? Through the evil power of socialism!! (/s)
- zbentley 3mo agoEven if (a big ‘if’) that’s true, how is stock being destroyed? Investment returns maybe, but not supply.
- ch4s3 3mo agoOdds are they he gets bogged down in the morass of city government and moderates out of lack of willpower and understanding of the levers of city government.