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freedomben an hour ago

It will be interesting to see how that changes with mamdani. Depending on who you ask, it will either bring in the Utopia or it will be a devastating waste, but very few people expect not much to change.

Thing is, it takes years to move so it will be a while until we see the results. Regardless of which side you tend to be on, it seems like it will be a useful experiment!

burritoAlPast0r an hour ago | parent | next [-]

"Regardless of which side you tend to be on, it seems like it will be a useful experiment!"

I strongly disagree.

jonfromsf an hour ago | parent | prev [-]

Mamdani is going to destroy the entire pre-1974 multifamily housing stock of the 5 boroughs. It will happen really quickly (values already down 40%, 11% of owners are behind on their mortgages).

zbentley an hour ago | parent | next [-]

Even if (a big ‘if’) that’s true, how is stock being destroyed? Investment returns maybe, but not supply.

garbawarb an hour ago | parent | prev [-]

How will he do that?