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“In many cases rent control appears to be the most efficient technique presently known to destroy a city — except for bombing.” And Mamdani is apparently running the experiment in real time. He locked in a rent freeze for a million stabilized apartments in New York and wants to...

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Rothmus 🏴

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28,165 görüntüleme • 2 ay önce •via X (Twitter)

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How can we understand the power of ideology? Stephen Kotkin offers up NYC Mayor Zohran Mamdani as an example: “So there's this young kid who's really adept at social media who just looks like he won the primary for a Democratic candidate for mayor in New York City. And one of the things he wants to do is freeze rents because he wants more affordable housing. So he's a complete idiot in terms of facts. The way to get more affordable housing is to build more housing. If supply massively increases and it exceeds demand, the price has to go down. It's proven again and again and again. And what rent control does or freezing of rent, it inhibits the building of new housing. Because who's going to build new housing when you can't make money off of it? Rent control is what produces the lack of affordable housing in the first place. So he sees what's the problem as the solution now. Now, is he a fool? No, he's a really bright guy. He's very well educated.”
2:19

How can we understand the power of ideology? Stephen Kotkin offers up NYC Mayor Zohran Mamdani as an example: “So there's this young kid who's really adept at social media who just looks like he won the primary for a Democratic candidate for mayor in New York City. And one of the things he wants to do is freeze rents because he wants more affordable housing. So he's a complete idiot in terms of facts. The way to get more affordable housing is to build more housing. If supply massively increases and it exceeds demand, the price has to go down. It's proven again and again and again. And what rent control does or freezing of rent, it inhibits the building of new housing. Because who's going to build new housing when you can't make money off of it? Rent control is what produces the lack of affordable housing in the first place. So he sees what's the problem as the solution now. Now, is he a fool? No, he's a really bright guy. He's very well educated.”

Dwarkesh Podcast

26,591 görüntüleme • 1 yıl önce

The rent in Providence is too high and we need real solutions to bring down costs for families. And I understand why rent control sounds compelling, but the reality is that it has consistently been shown to hurt those it is meant to help. In Cambridge, in Berkeley, in Portland, in St. Paul and more, rents actually went up under rent control and new construction plummeted. My plan provides direct rent relief now and lowers costs long-term through continued new construction. I look forward to working with the City Council to continue addressing the root cause of our housing shortage and bring down costs for all our neighbors.
0:42

The rent in Providence is too high and we need real solutions to bring down costs for families. And I understand why rent control sounds compelling, but the reality is that it has consistently been shown to hurt those it is meant to help. In Cambridge, in Berkeley, in Portland, in St. Paul and more, rents actually went up under rent control and new construction plummeted. My plan provides direct rent relief now and lowers costs long-term through continued new construction. I look forward to working with the City Council to continue addressing the root cause of our housing shortage and bring down costs for all our neighbors.

Mayor Brett Smiley

86,095 görüntüleme • 5 ay önce

INSANE 🚨 - 32% of public housing in New York City is occupied by people born outside of the United States - 44% of rent-stabilized apartments in New York City are also going to people born outside of the US - 88% of public housing in New York City is occupied by Blacks and Hispanics “88%… I mean, I can't even believe they provided these numbers. Like, and they have to be baking them, right? These have to be modest numbers for New York. This is just straight-up suicidal. And of course, everyone on the left wants you to think that white people don't pay their fair share.” - Imagine the drop in rent prices if 32% of public housing was reclaimed from foreigners through deportations - Imagine the drop in rent prices if 44% of rent stabilized apartments went to Americans instead of foreigners
0:39

INSANE 🚨 - 32% of public housing in New York City is occupied by people born outside of the United States - 44% of rent-stabilized apartments in New York City are also going to people born outside of the US - 88% of public housing in New York City is occupied by Blacks and Hispanics “88%… I mean, I can't even believe they provided these numbers. Like, and they have to be baking them, right? These have to be modest numbers for New York. This is just straight-up suicidal. And of course, everyone on the left wants you to think that white people don't pay their fair share.” - Imagine the drop in rent prices if 32% of public housing was reclaimed from foreigners through deportations - Imagine the drop in rent prices if 44% of rent stabilized apartments went to Americans instead of foreigners

Wall Street Apes

119,266 görüntüleme • 11 ay önce

#BREAKING: Ari: Talk about your idea to freeze rent Mayor Mamdani: “…we are living in a time of politics where politicians try to convince the public that there’s nothing they can do and so to even have the idea that we could actually help people is seen as a departure from what so many are being told in this moment, and freezing the rent, this is about 2.5 million New Yorkers in a city of 8.5 million, the mayor has the power to freeze their rent.”
0:36

#BREAKING: Ari: Talk about your idea to freeze rent Mayor Mamdani: “…we are living in a time of politics where politicians try to convince the public that there’s nothing they can do and so to even have the idea that we could actually help people is seen as a departure from what so many are being told in this moment, and freezing the rent, this is about 2.5 million New Yorkers in a city of 8.5 million, the mayor has the power to freeze their rent.”

Emoluments Clause

66,805 görüntüleme • 4 ay önce

🤯 MAMDANI INVESTOR EXODUS: Even billionaires have a breaking point! Zohran Mamdani just froze rents on over a million apartments in New York City. Investor Sergey Brin just responded by walking out the door! The world's third-richest man dumped his entire stake in a NYC rent-stabilized apartment fund for six cents on the dollar. Not a typo. Six cents. That is what Mamdani's socialist utopia looks like in practice. A $268 billion man taking a bath just to get as far away from New York City housing policy as humanly possible. And Brin is not alone. The fund he fled is sitting on $84 million in unpaid rent and facing foreclosure on a half-billion dollar loan. The University of California already wrote down its own $115 million investment by 50%. Meanwhile Brin took his pennies and quietly bought a $51 million waterfront estate in Miami. That is the market giving Mamdani a one-finger salute on the way out of town. An A&E Real Estate spokesperson put it plainly: "Institutional capital - both equity investors and lenders - are fleeing New York City's rent-stabilized apartment sector. They understand New York is in a doom loop." A doom loop. Built by design. Celebrated as compassion. Margaret Thatcher said it best: "The trouble with socialism is that eventually you run out of other people's money." New York is not running out. It is chasing the money out. There is a difference, and it is worse. When the capital is gone, the maintenance stops. When the maintenance stops, the buildings rot. And the same tenants Mamdani claims to be protecting will be the ones living in the wreckage. This is not a rent freeze. It is a slow-motion demolition of the housing stock, dressed up in the language of justice. Congratulations, New York. You got the mayor you voted for.
0:24

🤯 MAMDANI INVESTOR EXODUS: Even billionaires have a breaking point! Zohran Mamdani just froze rents on over a million apartments in New York City. Investor Sergey Brin just responded by walking out the door! The world's third-richest man dumped his entire stake in a NYC rent-stabilized apartment fund for six cents on the dollar. Not a typo. Six cents. That is what Mamdani's socialist utopia looks like in practice. A $268 billion man taking a bath just to get as far away from New York City housing policy as humanly possible. And Brin is not alone. The fund he fled is sitting on $84 million in unpaid rent and facing foreclosure on a half-billion dollar loan. The University of California already wrote down its own $115 million investment by 50%. Meanwhile Brin took his pennies and quietly bought a $51 million waterfront estate in Miami. That is the market giving Mamdani a one-finger salute on the way out of town. An A&E Real Estate spokesperson put it plainly: "Institutional capital - both equity investors and lenders - are fleeing New York City's rent-stabilized apartment sector. They understand New York is in a doom loop." A doom loop. Built by design. Celebrated as compassion. Margaret Thatcher said it best: "The trouble with socialism is that eventually you run out of other people's money." New York is not running out. It is chasing the money out. There is a difference, and it is worse. When the capital is gone, the maintenance stops. When the maintenance stops, the buildings rot. And the same tenants Mamdani claims to be protecting will be the ones living in the wreckage. This is not a rent freeze. It is a slow-motion demolition of the housing stock, dressed up in the language of justice. Congratulations, New York. You got the mayor you voted for.

Bill Mitchell

778,569 görüntüleme • 3 ay önce

Mamdani won. New Yorker reveal what’s coming next for the city! “If you make anywhere from $50,000 to $200,000 a year in New York City, it is about to get a lot more expensive for you because of Zoran.” He has about $10 billion a year he has to come up with for universal childcare. Then, he has to lower the prices of food, and he also has to lower the price of rent—which freezing the rent doesn’t actually achieve.” “So what is he going to do? The one tax he has some control over is the property tax rate—not complete control, but some influence. Small businesses are now going to bear this property tax.” “Everything is about to get more expensive because those taxes will be passed on through the prices of goods, wages, and salaries. You’re going to earn less, and your $7 latte is now going to become $9.”
1:59

Mamdani won. New Yorker reveal what’s coming next for the city! “If you make anywhere from $50,000 to $200,000 a year in New York City, it is about to get a lot more expensive for you because of Zoran.” He has about $10 billion a year he has to come up with for universal childcare. Then, he has to lower the prices of food, and he also has to lower the price of rent—which freezing the rent doesn’t actually achieve.” “So what is he going to do? The one tax he has some control over is the property tax rate—not complete control, but some influence. Small businesses are now going to bear this property tax.” “Everything is about to get more expensive because those taxes will be passed on through the prices of goods, wages, and salaries. You’re going to earn less, and your $7 latte is now going to become $9.”

I Meme Therefore I Am 🇺🇸

858,688 görüntüleme • 11 ay önce

Caleb Hammer explains why rent control doesn’t work “It’s one of those policies that sounds really good and really moral. You want to support it, landlords make less money and people pay less rent. But everywhere it’s been enacted, permitting has dropped significantly, and rents have gone up even faster for the average person, except for the few lucky ones in subsidized housing” “Units go untouched and aren’t maintained at all. I think something like 10-20% of rent controlled units in New York are empty because they can’t be brought up to standard, since it’s not worth investing in. In Massachusetts, rent control was a complete disaster and had to be repealed. In San Francisco, the moment they introduced it, permitting dropped. It just hasn’t worked”
1:08

Caleb Hammer explains why rent control doesn’t work “It’s one of those policies that sounds really good and really moral. You want to support it, landlords make less money and people pay less rent. But everywhere it’s been enacted, permitting has dropped significantly, and rents have gone up even faster for the average person, except for the few lucky ones in subsidized housing” “Units go untouched and aren’t maintained at all. I think something like 10-20% of rent controlled units in New York are empty because they can’t be brought up to standard, since it’s not worth investing in. In Massachusetts, rent control was a complete disaster and had to be repealed. In San Francisco, the moment they introduced it, permitting dropped. It just hasn’t worked”

Mikli

1,598,436 görüntüleme • 7 ay önce

Mamdani wants to fine landlords who can’t immediately fix “dangerous conditions”, and if the city has to step in and make the repairs, they’ll take over the building if the landlord can’t pay them back. Except Mamdani is also pushing for a rent freeze, and most landlords rely on rent increases to pay for those repairs. So if they can’t raise rent and can’t afford to repay the city, they lose their buildings. That’s how you slowly turn private property into government housing. Call it what it is: a step toward communism. 👇
1:08

Mamdani wants to fine landlords who can’t immediately fix “dangerous conditions”, and if the city has to step in and make the repairs, they’ll take over the building if the landlord can’t pay them back. Except Mamdani is also pushing for a rent freeze, and most landlords rely on rent increases to pay for those repairs. So if they can’t raise rent and can’t afford to repay the city, they lose their buildings. That’s how you slowly turn private property into government housing. Call it what it is: a step toward communism. 👇

Sequencer

3,956,275 görüntüleme • 11 ay önce

Billionaire hedge fund manager Bill Ackman says “Socialism is a disaster” He explains the real reason housing is so expensive in New York City is because Democrat mayors for years have made building new housing near impossible “Why is the cost of housing so high in New York City? Because unfortunately, left-wing mayors have made it very difficult for developers to build in New York City. Zohran Mamdani, when he's freezes rents, he's just going to make the problem worse. There are buildings in New York City, many, many buildings in New York City, where half the tenants, plus or minus, are rent-stabilized apartments, and so their rent is frozen, and the other half are free market. And so what does the landlord do in order to generate enough cash flow to cover his interest expense? Well, he's gonna raise rents 'cause he can't raise them on half the apartments” “We can fix a lot of these problems with much better policy. Look at Florida. Florida's an incredibly well-managed state. They're talking about eliminating, I think they voted recently to eliminate real estate taxes. How are they able to do that? Just good policy” “You want the Ken Griffins of the world to locate Citadel here. You want him to spend $250 million dollars in apartment. Why? Because that $250 million dollar purchase made that building economically viable — You want to have the Elon Musks of the world, but you don't wanna discourage Elon Musk from locating his business here” This is what Democrats don’t understand, regulations and insane taxes are killing initiatives to build new housing developments I ran a comparison and found when you take into account all the taxes, permits and fees. It would cost 4x more to build an apartment complex in NYC vs a place like Orlando Florida
2:27

Billionaire hedge fund manager Bill Ackman says “Socialism is a disaster” He explains the real reason housing is so expensive in New York City is because Democrat mayors for years have made building new housing near impossible “Why is the cost of housing so high in New York City? Because unfortunately, left-wing mayors have made it very difficult for developers to build in New York City. Zohran Mamdani, when he's freezes rents, he's just going to make the problem worse. There are buildings in New York City, many, many buildings in New York City, where half the tenants, plus or minus, are rent-stabilized apartments, and so their rent is frozen, and the other half are free market. And so what does the landlord do in order to generate enough cash flow to cover his interest expense? Well, he's gonna raise rents 'cause he can't raise them on half the apartments” “We can fix a lot of these problems with much better policy. Look at Florida. Florida's an incredibly well-managed state. They're talking about eliminating, I think they voted recently to eliminate real estate taxes. How are they able to do that? Just good policy” “You want the Ken Griffins of the world to locate Citadel here. You want him to spend $250 million dollars in apartment. Why? Because that $250 million dollar purchase made that building economically viable — You want to have the Elon Musks of the world, but you don't wanna discourage Elon Musk from locating his business here” This is what Democrats don’t understand, regulations and insane taxes are killing initiatives to build new housing developments I ran a comparison and found when you take into account all the taxes, permits and fees. It would cost 4x more to build an apartment complex in NYC vs a place like Orlando Florida

Wall Street Apes

46,080 görüntüleme • 2 ay önce

NEW from me In a 2021 podcast appearance Cea Weaver said her goal was to make New York City housing "worth less" through the use of rent control Zohran Mamdani appears in the clip nodding along and then says: "I get most of my knowledge on housing from Cea, so if you get it from me, it's just not coming from the source"
3:00

NEW from me In a 2021 podcast appearance Cea Weaver said her goal was to make New York City housing "worth less" through the use of rent control Zohran Mamdani appears in the clip nodding along and then says: "I get most of my knowledge on housing from Cea, so if you get it from me, it's just not coming from the source"

Jon Levine

1,071,269 görüntüleme • 9 ay önce

Resetting regulated rent is the only way systems like rent stabilization can work. It’s why every other city in America with rent control allows for it. Otherwise buildings go bankrupt and apartments stay off the market like the 50,000 empty ones here in New York. New York has a housing shortage, but building new housing will be negated if we don’t bring these empty apartments back to New Yorkers who desperately need housing.
1:20

Resetting regulated rent is the only way systems like rent stabilization can work. It’s why every other city in America with rent control allows for it. Otherwise buildings go bankrupt and apartments stay off the market like the 50,000 empty ones here in New York. New York has a housing shortage, but building new housing will be negated if we don’t bring these empty apartments back to New Yorkers who desperately need housing.

Kenny Burgos

103,238 görüntüleme • 9 ay önce

There are two different housing markets in NYC. Nearly 60% of apartments in NYC are not free market. When you hear of $5,000 per month that isn’t the apartments that will get a rent freeze and in fact those apartments will likely see rent increases to pay for the rent freeze.
0:51

There are two different housing markets in NYC. Nearly 60% of apartments in NYC are not free market. When you hear of $5,000 per month that isn’t the apartments that will get a rent freeze and in fact those apartments will likely see rent increases to pay for the rent freeze.

Jay Martin 🪾

13,176 görüntüleme • 6 ay önce

When you ban credit checks, income checks, and evictions… rents don’t go down. They go 3x higher — or turn into ghost apartments. Chamath Palihapitiya "The obvious answer is you'd start rent three or four times higher and you force people to sign up to a multi-month prepayment and you'd slowly ease those conditions until you find a market clearing price." David Sacks "What's their incentive to pay when they know they can't be evicted? Zero. So a pretty significant percentage of people could just decide, 'I'm going to make rent optional.' Now the landlord has to absorb those losses, and that means they have to pass on a higher rent to everybody else." @jason "Not only do the landlords keep the dilapitated apartments in some cases, it's better for them to just leave apartments empty. Somebody leaves, they are forced to renovate it and it costs hundreds of thousands in renovations. So, they say, 'You know what? I'll just leave it empty for now.' So you have 50,000 ghost apartments in New York City."
2:28

When you ban credit checks, income checks, and evictions… rents don’t go down. They go 3x higher — or turn into ghost apartments. Chamath Palihapitiya "The obvious answer is you'd start rent three or four times higher and you force people to sign up to a multi-month prepayment and you'd slowly ease those conditions until you find a market clearing price." David Sacks "What's their incentive to pay when they know they can't be evicted? Zero. So a pretty significant percentage of people could just decide, 'I'm going to make rent optional.' Now the landlord has to absorb those losses, and that means they have to pass on a higher rent to everybody else." @jason "Not only do the landlords keep the dilapitated apartments in some cases, it's better for them to just leave apartments empty. Somebody leaves, they are forced to renovate it and it costs hundreds of thousands in renovations. So, they say, 'You know what? I'll just leave it empty for now.' So you have 50,000 ghost apartments in New York City."

jay plemons

15,808 görüntüleme • 2 ay önce

Cea Weaver says the quiet part out loud.... "We decided that fighting for rent control was a strategic and critical first step in the fight for full social housing... We decided that through a program like rent control, we are able to directly challenge the logic of unfettered profit in the real estate market. We are able to directly challenge housing as a wealth-building tool and, through regulation, strike a blow to the entire real estate industry at once. The beauty of rent stabilization and rent control is that it weakens the speculative value of the real estate asset. The value is no longer based on what the landlord is able to get, but rather it’s based on a state public board deciding how much rent is going up. And yes, that board is controlled by the real estate industry, and yes, there could be a better way to regulate it. But the idea is that we could weaken the entire industry at once through a strong rent control campaign, and that would strengthen our ability to fight for social housing.” Serious question: How is this constitutional?
1:06

Cea Weaver says the quiet part out loud.... "We decided that fighting for rent control was a strategic and critical first step in the fight for full social housing... We decided that through a program like rent control, we are able to directly challenge the logic of unfettered profit in the real estate market. We are able to directly challenge housing as a wealth-building tool and, through regulation, strike a blow to the entire real estate industry at once. The beauty of rent stabilization and rent control is that it weakens the speculative value of the real estate asset. The value is no longer based on what the landlord is able to get, but rather it’s based on a state public board deciding how much rent is going up. And yes, that board is controlled by the real estate industry, and yes, there could be a better way to regulate it. But the idea is that we could weaken the entire industry at once through a strong rent control campaign, and that would strengthen our ability to fight for social housing.” Serious question: How is this constitutional?

Michelle Tandler

613,225 görüntüleme • 9 ay önce

Hayes: What is your goal for a meeting with Donald Trump? Mamdani: I want to just speak plainly to the president about what it means to actually stand up for New Yorkers, and the way in which New Yorkers are struggling to afford the city. And frankly, cost of living is something that I heard time and time again from New Yorkers about why they voted for Donald Trump. And this is something that is only continued in the last few months of this year, where we're hearing about child care concerns, rent concerns, con Ed concerns, even just getting on the bus just $2.90. And just to make it clear to the president that this is what we're talking about, these are the stakes for New Yorkers and their ability to keep calling the city their home.
0:52

Hayes: What is your goal for a meeting with Donald Trump? Mamdani: I want to just speak plainly to the president about what it means to actually stand up for New Yorkers, and the way in which New Yorkers are struggling to afford the city. And frankly, cost of living is something that I heard time and time again from New Yorkers about why they voted for Donald Trump. And this is something that is only continued in the last few months of this year, where we're hearing about child care concerns, rent concerns, con Ed concerns, even just getting on the bus just $2.90. And just to make it clear to the president that this is what we're talking about, these are the stakes for New Yorkers and their ability to keep calling the city their home.

Acyn

582,995 görüntüleme • 10 ay önce

🚨 NYC LANDLORDS JUST SUED MAYOR MAMDANI OVER RIGGED RENT FREEZE A coalition of landlords is taking Mayor Zohran Mamdani to court after the city imposed a two-year rent freeze on nearly 1 million rent-stabilized apartments. Their case is simple: The Rent Guidelines Board is supposed to be independent. Instead, it became a rubber stamp for a campaign promise. A longtime board member quit the morning of the vote, refusing to participate in what she called a “sham process” where the outcome was dictated first and the data was manipulated to match. Landlords are getting crushed by soaring taxes, insurance, and utilities. The board’s own data showed many rent-stabilized owners lost money last year. Yet the board still voted for zero increase, for two full years. Meanwhile, a DSA leader went on national TV and claimed landlords are raking in 12% returns and have no right to “double-digit” profits. Reality check: Most of these owners are small operators barely staying afloat, especially in the Bronx. The board allegedly understated their costs and overstated their income to justify the freeze. This isn’t housing policy. It’s political theater that punishes people who actually keep the buildings standing. The lawsuit is now live.
5:28

🚨 NYC LANDLORDS JUST SUED MAYOR MAMDANI OVER RIGGED RENT FREEZE A coalition of landlords is taking Mayor Zohran Mamdani to court after the city imposed a two-year rent freeze on nearly 1 million rent-stabilized apartments. Their case is simple: The Rent Guidelines Board is supposed to be independent. Instead, it became a rubber stamp for a campaign promise. A longtime board member quit the morning of the vote, refusing to participate in what she called a “sham process” where the outcome was dictated first and the data was manipulated to match. Landlords are getting crushed by soaring taxes, insurance, and utilities. The board’s own data showed many rent-stabilized owners lost money last year. Yet the board still voted for zero increase, for two full years. Meanwhile, a DSA leader went on national TV and claimed landlords are raking in 12% returns and have no right to “double-digit” profits. Reality check: Most of these owners are small operators barely staying afloat, especially in the Bronx. The board allegedly understated their costs and overstated their income to justify the freeze. This isn’t housing policy. It’s political theater that punishes people who actually keep the buildings standing. The lawsuit is now live.

Gunther Eagleman™

113,341 görüntüleme • 2 ay önce

Mamdani: New Yorkers frankly don't care who the mayor is. If it's the first of the month, they have to pay their rent and that's what we need to be focused on and my job in the most expensive city in America is how can we make it affordable and not just on a graph but you feel it.
1:59

Mamdani: New Yorkers frankly don't care who the mayor is. If it's the first of the month, they have to pay their rent and that's what we need to be focused on and my job in the most expensive city in America is how can we make it affordable and not just on a graph but you feel it.

Acyn

197,762 görüntüleme • 8 ay önce