Control, control, control. Pretty soon they’ll want to control what you say.
People like to say “ha ha, they voted for it”
First of all, the vast majority NY’ers did NOT vote for Mamdani. He achieved his present status by a rigged method (ranked choice voting) in a very specific and narrow election (Mayoral Democrat Primary). It’s a minority, of a minority voting in this.
We no longer have a Republic with dispersed power, responsibility, and dispersed finances. We live in a highly centralized, quasi-collectivist state, all funded from Washington DC with our printed, fiat money and massive debt
What happens in NY City will not be contained in NY City. if NY City has a marxist mayor, no doubt the political example will spread elsewhere, NY City is still the center of financial trading in the USA, and government funding/bailouts will certainly need to come from Washington DC. We will all pay for this.
You don’t need to be a genius to see how this will turn out. Glad I don’t live there.
š¶ Something for nothing and your rent is free! šµ
“Some owners even resorted to setting their properties on fire because it was more profitable to collect insurance money than to keep rent-controlled units on the market.”
Not some. MANY.
We’ve had price controls on all doctors or Medicare and Medicaid patients, with prices declining in real terms, for decades. As far as I can tell only 1 congressman is trying to do anything about it. Team Trump tells him they’ll do something about it, but neglects to do anything.
“”Some owners even resorted to setting their properties on fire because it was more profitable to collect insurance money than to keep rent-controlled units on the market.””
You’ve heard of ‘food deserts’... ie lack of grocery stores due to the left’s idiotic polices on theft/crime? Well Mamdani’s idiotic policies will create ‘housing deserts’... which will result in even more hoards moving from NY to other states.
And ironically, on the other coast... Newscum is planning to use some of the burned out properties in LA for “affordable housing”, thus making even more of LA into a ghetto.
This is “stuff” you can’t make up and don’t need to...
because it’s real.
I would say that rent control is far more efficient, if you are willing to wait. It will take a decade or two.
Of course you have to be willing to rule the city during the process rather than sit in the distance dropping bombs or firing shells.
Their is also the advantage that rent control does not require the expenditure of capital. You just legislate taking anotherās property.
It is funny how these communist are able to totally ignore the Constitutionās Takings clause when talking about these things.
Actually, rent controls are more efficient at destroying cities than bombing...you don't have to buy the bombs.
Socialists/communists.
Stupid, evil, or both?