Everyone’s yelling “communism” about Mamdani’s housing plan. They’re missing the actual trick. His own plan says the city will “engage lenders to trigger foreclosure” on landlords. I’ve done real estate 20 years. Here’s what that means: they let the building go distressed, force the bank to eat the loan,... then hand it off with NO mortgage. A building with no loan is a money printer. And they pick who holds it. That’s not a housing plan. It’s a wealth transfer with a loyalty program attached. New York’s the test kitchen. California’s next. Follow me — I’ll show you the part nobody else is reading. 🔨show more

@iluminatibot @WallStreetApes @Herb4Controller @nettermike Sounds good landlords are parasites we have tolerated for too long

Full breakdown here 👇 It’s all in his own 111-page plan — “engage lenders to trigger foreclosure.” That’s not me spinning. That’s their words. New York’s the test kitchen. California’s next. Follow so you don’t miss it. 🔨

What helps them make the property distressed and trigger foreclosures is rent controls. If the amount of money you're allowed to charge for rent is artificially fixed, it leaves little to no money available for repairs and upkeep. Because they're no longer being kept up, they get taken.

That’s all “communism “ EVER was. A wealth transfer vehicle where the elite dupe useful idiots into overthrowing their own democratically elected government so the elite can stick their pre-selected Grifter-in-Chief into the power vacuum and roll out the money printers. It’s ALWAYS SLWSYS ALWAYS been about optimal control and corruption. EVERY. SINGLE. TIME. Meanwhile, Baby Communists keep insisting….

@LStargazer54 @iluminatibot @WallStreetApes @Herb4Controller @nettermike He’s going to target buildings,harass the owner by filing complaints about tiny things,then have them smeared with protests&videos. He’s going to end up getting someone killed.Then steal their property&give it to dsa donor orgs. This commie needs to be denaturalized&deported.

There are thousands of older NYC buildings with outdated heating, electrical, and plumbing systems that will cost 2–3 times their current value just to meet today’s code. Layer on strict rent control that blocks legitimate rent increases, plus coordinated tenant rent boycotts, and you’ve created the perfect trap. The result is a clear recipe for plunder: forced negative cash flow, defaults, foreclosures, and cheap transfers; all documented in plain sight at the county records offices. We need a federal lawsuit and injunction now, invoking the Takings Clause of the U.S. Constitution, before this becomes an epidemic.

I've already lost 15 buildings in NYC from this scheme. I'll lose many more. My entire life's work will be stolen from me by the government. Then... Mamdani limits who can buy my properties. The best landlords in the city are explicitly not allowed to buy them... 40 NGOs approved by Mamdani are the only ones who can buy them. Ask yourself why inexperienced NGOs, who are friends of Mamdani, are allowed to buy my properties, but the best private landlords in NYC are not allowed to buy them.

I think the explanation is disingenuous because the city of NewYork is conniving through policies to steal private property giving it to someone else who is concealed by an NGO to implement political policies and goals benefiting Democrats and people feel beholden to vote for Democrats. It is essentially theft and bribery using government power. If the courts do not strike it all down we will be living in a kleptocracy.

@iluminatibot @WallStreetApes @Herb4Controller @nettermike likely not all that might go on. A $200 fine when toilet gets plugged? That alone would make some/many property owners go belly up. Dumb people looking for free something may sabotage the property. The end result will be lease/rent costing more and much going to raise taxes.

@aukletqd @iluminatibot @WallStreetApes @Herb4Controller @nettermike Do you see what you voted for? We will probably have to retake NYC with the marines.

@iluminatibot @WallStreetApes @Herb4Controller @nettermike Sopranos style bust out. Except Qatar will be the buyer just like London.

@iluminatibot @WallStreetApes @Herb4Controller @nettermike That’s the standard plan. Use chaos to destroy the desirability of an area, obtain it cheaply, pretend you will spread the benefit to the people. Palisades is another example.

@robynchirppings @iluminatibot @WallStreetApes @Herb4Controller @nettermike Joe the Plumber was right about distributive policies. “Cash for Clunkers” cratered secondary and tertiary mkts.

To lower rent and improve rental property condition you do this. This creates a flood of available rental properties and competition between them to improve quality in order to attract renters. What Mamdani is doing instead is using the excuse to steal people's property like every slimy socialist snake oil salesman always do.

@iluminatibot @WallStreetApes @Herb4Controller @nettermike Make a video in front of the NYC HOUSING PROJECTS & SHOW US how the government being “responsible owners”

@iluminatibot @WallStreetApes @Herb4Controller @nettermike Of course, because that way they can funnel the money into their campaigns. If this is allowed, they will steal apartment buildings all over NYC and use them as ATM to finance communist takeovers of the rest of the country where they will do it city-by-city.

@iluminatibot @WallStreetApes @Herb4Controller @nettermike Mamdani is a crook mouth piece for other crooks ripping off America and NYC!

@iluminatibot @WallStreetApes @Herb4Controller @nettermike That's how communism has always worked though. They can't create anything, they can only steal.

@iluminatibot @WallStreetApes @Herb4Controller @nettermike The schemes to plunder the city will go on and on. Trump has to sit this billion down. No one can smile 24 hours a day without nefarious ulterior motivation.

@iluminatibot @WallStreetApes @Herb4Controller @nettermike I mean I hate what Mamdani stands for and socialism and communism…but why would banks foreclose and then give the property away instead of selling it?

@iluminatibot @WallStreetApes @Herb4Controller @nettermike Wow so people will be housed, slumlords will be ejected and the city will make money on top? Amazing

@SandmanSlim02 @iluminatibot @WallStreetApes @Herb4Controller @nettermike I hate to say this as someone who lives in one of the 48 other states, but I don’t care. The sooner NY and CA auger in as a lesson to the next 10 generations, the better off we are.

@iluminatibot @WallStreetApes @Herb4Controller @nettermike How exactly do they force the bank to eat the loan? I’ll be very interested to see how this confiscation of wealth takes place. Banks aren’t just gonna sit back and take it, especially the large lenders.

@iluminatibot @WallStreetApes @Herb4Controller @nettermike Why would the bank "eat the loan" rather than sell off the property to a private buyer to minimize their losses?

@iluminatibot @WallStreetApes @Herb4Controller @nettermike “I’ve done real estate 20 years.” Ah, so this is all your mess then?

@iluminatibot @WallStreetApes @Herb4Controller @nettermike Why would the banks hand it over? They will get first equity

Rent control has squeezed landlords, particularly the petit bourgeois mom & pop owners), for DECADES. Commie Jihadi Mamdani is simply finishing up on the theft. The rentier class - landowners and interest-collectors - are stripped of assets. The government takes effective ownership. Debt’s been written off, which means no monthly note which means the formerly distressed buildings will be VERY profitable. NGOs & similar are granted lucrative management contracts. Political/religious operatives - DSA or Islamist most likely - are set up by the city - Mamdani - with mid-six-figure salaries, and tithe a portion of their political patronage money to the DSA and/or other orgs (Islamist “charities”?). And the tenants? There will be an initial high-profile public show of repairs and improvements, but none of that will last.

@iluminatibot @WallStreetApes @Herb4Controller @nettermike Think about this? Run the rich out, the middle class into the ground- move the Muslim population in and now you are full fledge in control of one of the most powerful/popular states in the world 🤷🏼‍♂️

@iluminatibot @WallStreetApes @Herb4Controller @nettermike Awful. Then I’ll support whoever expropiates all ill gotten properties and jails these white glove criminals for life. Or better, sends them to El Salvador jails.

@iluminatibot @WallStreetApes @Herb4Controller @nettermike Called it:

@iluminatibot @WallStreetApes @Herb4Controller @nettermike The humor is that New York City’s public housing has more code violations than any of these landlords.

@iluminatibot @WallStreetApes @Herb4Controller @nettermike It’s thief and watch as the well connected nonprofits and big donor friends get first dibs

@iluminatibot @WallStreetApes @Herb4Controller @nettermike Oh you know the leftists NGO's are lined up and drooling to get hands on these properties.

@iluminatibot @WallStreetApes @Herb4Controller @nettermike I'm told that Mamdani lied on his Naturalization papers but the federal government is not going to court and deporting him for it. I wonder why.

@iluminatibot @WallStreetApes @Herb4Controller @nettermike That’s dumb. Because even after transfer whoever they give it to, still have to pay for all the upgrades and then continue to pay for the maintenance for then rest of the time.