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Posted on 01/12/2026 6:00:14 AM PST by karpov
“Uninvestable.” That’s how Exxon Mobil CEO Darren Woods on Friday described Venezuela under the current socialist regime. It’s also what Mayor Zohran Mamdani and his comrade Cea Weaver plan to make New York City’s housing market.
As rent restrictions drive thousands of apartment buildings across the city into disrepair and threaten a cascade of foreclosures, Mr. Mamdani has tapped Ms. Weaver to implement his goal of “decommodifying” housing. Their plan: Drive out private investors by making it impossible to turn a profit and keep properties in serviceable condition. Then the government will seize the buildings and hand them over to tenant collectives and nonprofits to manage under communal ownership.
The 37-year-old Ms. Weaver has spent her life since college graduation as a “tenant organizer.” She recently led the groups Housing Justice for All and New York State Tenant Bloc. Their stated goals: “To take back power from the real estate industry over our homes,” “expand rent control to every renter,” and build “social housing” that is “protected from market forces.”
This past fall, she taught an undergraduate course in community organizing at New York University—where the cost of attendance runs $96,988 because government subsidies protect it from market forces. The college ranks as one of the city’s biggest land owners, and it charges students $2,000 a month each to share a dorm room.
As in socialist systems, the higher-ups and insiders at colleges make out by exploiting the masses. Then, if their graduates go to work for nonprofits, much of their debt can be waived under the federal Public Service Loan Forgiveness program.
Ms. Weaver’s crowning achievement is a 2019 state law that restricts New York City landlords’ ability to pay for renovations by raising rent and does away with the ability to deregulate rent-stabilized units
(Excerpt) Read more at wsj.com ...
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Some of us will defend our homes. I don’t know about NYC.
yup- take a look at the NYCHA run building at present time.
> Then the government will seize the buildings and hand them over to tenant collectives and nonprofits to manage under communal ownership. <
New York State will certainly step in, and put a stop to this scheme.
I kid, of course. As long as Gov. Hochul’s own house isn’t seized, Mamdani will have free rein to do whatever commie thing he wants.
Mad muslim Mamdani and Cea dream Weaver running the Big Apple. If they can take it there, they’ll take it anywhere.
Where’s Snake Pliskin when you need him?
Yep, the government g-men would take down the civilians who ran the numbers game or racket. Now, the government runs the numbers “racket”, promises to pay for social services with the profits, and woolah, the social services are in disrepair.
The people can not afford to fight back due to the legalized numbers racket now run by the g-men.
Go figger!!
AI aging program applied to Cea Weaver.
They better get sued every step they make
Im sure the Projects 2.0 will be nice.
Right now the hottest housing market in the country is right across the border of Queens NY, that being the red state of Nassau County. People from NYC are desperate to get the hell out of Dodge.
I want to see Imam Mamdamni and Cea the Seer confiscate the Central Park Tower, for one...LOL!
We know the camel jockey and his princess will take away the home belonging to the princess’s mother FIRST, RIGHT?
That is ludicrous because Imam Mamdamni will “spread his Warm Collectivism Upstate and on the Island ASAP.
Imagine what’s going to happen when a $4,000/month tenant could readily get a brand new $2,500/month apartment [should that ever be possible in NYC].
The former landlord will have even less rent money coming in.
Sometiumes it is necessary to provide the people with what they think they want, in order for them to see what the results of their dream actually produces, or imore accurately, what it promises to produce, yet never does or even can produce.
That is why I resisted calling for Mandani to be removed. For if removed the dream continues to live, and capitalism dies. Let it take its course, and history changes as a result of the realites produced.
The population in NYC needs to experience what real despotism looks like & the falsehoods it brings, along with mass pain & destruction of the society they thought would improve. Ask any Venezuelain who supported socilialism, and see if they still support it after 26 years or so of its record for the peoples life quality, that was promised. It will be the best education we can provide this incubator experiment. I think prople in Minnesota are learning a lesson, yet there are still so many people that remain clueless. Because they have been sheltered from the reality that they think is the better option over capitalism
“All that accomplishes is that a different set of crooks are skimming the money.”
It will accomplish much more.
The housing units will go down, down, down. They will become third world slums.
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