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jonfromsf an hour ago

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?