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Posted on 11/09/2025 6:54:29 AM PST by MinorityRepublican
Billionaire real estate investor Barry Sternlicht's firm is considering relocating from New York now that Zohran Mamdani has been elected mayor, and he says other businesses will likely follow suit.
Sternlicht, the chairman of Starwood Capital Group, said the city will essentially turn into Mumbai under Mamdani's tenure, suggesting that tenants will be emboldened not to pay their rent.
He said: 'The far-left gets really nuts and says the tenants don’t have to pay. Well, you can’t kick them out if they don’t pay.
'So, the neighbor finds out the neighbor isn’t paying, and they don’t pay, and the next guy doesn’t pay, and then you’re basically going to turn New York City into Mumbai.'
Mamdani wants to strengthen eviction protection for tenants, which could make it take longer for landlords to evict them. However, none of Mamdani's policies, including the freeze in rent costs for stabilized tenants, would excuse nonpayment.
Speaking to CNBC, Sternlicht said any lapse in public safety under Mamdani will encourage people and companies to leave the city.
He said: 'If people feel like their kids aren’t safe on the streets, they will pull them out of school and they will leave. And if he defunds the police or he doesn’t give them the honor and prestige they deserve, I think the city’s in for a really tough time.'
(Excerpt) Read more at dailymail.co.uk ...
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Why talk about it? Just do it.
Why did it take him so long to figure this out? He’d hound have been completely out of there by now.
More like Islamabad.
Police already leaving, to be replaced with DEI whoevers.
Anything you say, Pal.
NYC will be a magnet for Mohammed’s meditating, mad murderers and every other ant-life totalitarian.
Exactly. It doesn’t sound like he’s really committed to leaving. Just whining about the hit his financial assets will take under the new regime.
Exactly.
And social workers.
Agreed—less talk and more action.
The wealthy need to flee the city.
Then they can heckle Mandummy from the sidelines.
What the Biggest Garbage Dump in the US ?
I recall as far back as 1971 it was virtually impossible to get deadbeat tenants evicted in New York. My sister worked with a guy who owned some apartments in Manhattan. He had a non-paying unevictable tenant. He went to the stationary store and bought some official looking seals and stationary, and wrote a DIY eviction notice. He went to the apartment, drilled and changed the locks, threw the furniture out in the street and when the tenant returned, he “served” him with an “eviction notice”. The tenant called the cops. The cops asked him if he had a lease or cancelled rent checks. He said he didn’t pay rent. The cops told him it was a civil matter and departed.
Pronto.
LOL!
Import the 💩 world...become the 💩 world.
“considering” Yeah, right. You’ve supported commie trash crappola before, so you will again. You’ll find a way to bribe your way into powerand stay.
I recall as far back as 1971 it was virtually impossible to get deadbeat tenants evicted in New York
And that was under “Republican” John Lindsay.
Exactly, just be quiet and move. Talk afterwards if you must.
That kid is Obama part deux, except he’s worse.
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