'NYC will become Mumbai', billionaire property magnate rages as his firm plans to leave the city after Zohran Mamdani mayoral win

The Daily Mail ^ | 09 Nov 2025 | JAMES CIRRONE

[TalBlack]

“Mamdani wants to strengthen eviction protection for tenants,“

How or why would you strengthen something that has been on steroids for forty years? Just take the damn property and hand it to the tenants.

[Mr. Jeeves]

He's saying "How come OUR system allowed this to happen?" and that will last until one of his fellow billionaires takes him aside and says "Don't worry - OUR system won't allow him to do any of the things he talks about...at least to us."

Mamdani's theatrics might threaten New York's dwinding upper middle class, but they won't affect the Sternlichts in the slightest.

[Fledermaus]

It isn’t like they didn’t know it was coming.

How did he vote? Did he?

[jjotto]

I believe Barry Sternlicht is actually based in Florida, JAWS Capital. No doubt has a large NYC office.

[FrankRizzo890]

“his firm plans to leave the city”

I also plan to care.

I’m going to need to see movement for that to change.

[Buttons12]

“Shortly, the city dies.”

As it naturally ought. Then a new city from the ashes. After all, Rome is still around.

[econjack]

But how long will it take for the phoenix to rise? Detroit has been waiting for at least four decades.