Mamdani’s flagship housing policy has been to completely freeze rents on all rent-stabilized housing, which already limits how much landlords can raise rents.
It looks like he will regulate landlords into expropriation.
Far-left community organizer Cea Weaver worked for Housing Justice for All, a far-left organization also known as the Upstate-Downstate Housing Alliance. She also heads the New York State Tenant Bloc.
She is planning the housing policies.
“Tenants are half the state and a majority in every major city. United, we have the power to reclaim our homes from the stranglehold of the real estate industry,” she said when she founded the bloc earlier this year.
They define theft as “reclaiming,” but it won’t be for the benefit of the middle class.
The competing forces in the city are Capitalists and Marxists. The Marxists have the power.
Weaver wants to use taxes and regulations on steroids. When landlords give up their real estate, the city will jump in and buy their properties. That is how the Communist Islamist mayor becomes the Grand Poubah of landlords.
She wants code enforcement to make it look like they care. Then she wants “laws that cause real-estate values to collapse.”
She thinks having no profit motive is an advantage, especially combined with the city’s marvelous “taxing power.”
Weaver wrote all this down in an essay.
The city will become a “non-speculative market actor.” First, you have to pass laws to crush people who own property, so prices plunge and Big Brother Zohran can buy them up.
The rich will move, and the middle class will be destroyed.
Add to this that part of Mamdani’s housing plan is already to have the city construct 200,000 new, “publicly-subsidized, affordable, union-built, rent-stabilized homes” over the next 10 years.
How will he pay for it? Tax and spend, of course.
He plans to spend $100 billion to do it.
Of course a leftist woman is leading the charge. I bet she’s either single or a lesbian, too? Single bitter women are very difficult roommates or housemates. Hence they feel housing is unaffordable — since nobody else wants to split housing costs with them. They’re alone. Now, imagine being in a city where more and more bitter single adults make… Read more »
How do you “reclaim” something you dont own?
You steal it.
I remember taking the elevated subway in the Bronx in the 1970s. Abandoned buildings – as far as the eye could see, buildings abandoned from rent control.
Rent control deliberately removes housing supply. This is catastrophic, as New York communists will be forced to relocate, spreading their toxic ideology like a plague.
What is he going to hit up the Somalians for that $100 billion or are they going to teach them how to use their time tested grifts.
How can you reclaim what you don’t own and never did own? That’s just like claiming a business owner got rich on the backs of their employees. You know, the people who never took the risk and responsibility of owning a business but whom the business owner gave jobs to and agreed to the wages paid.
The definition of reclaim is “Steal”. It is all explained in the article.
The LibSpeak dictionary is full of such depraved highjackings of the English language. “Equity” for example.
They “justify” reclaiming Manhattan island since it was “stolen” from Injuns.
If rents are frozen, are taxes, insurance and maintenance costs frozen?
What she’s advocating is essentially what happened to NYC during the rip-roaring 1970s when the term, “The Bronx Is Burning” was frequently heard, with those days being called “The War Years” by the fire department, and “Fort Apache” describing a Bronx police precinct. Due to Democrats increasing property taxes to pay for their Liberal agenda, landlords literally walked away from… Read more »