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| Mayoral candidate's $100B NYC housing plan has developers seeing red |
| 2025-06-27 |
| [FoxBiz] New York City mayoral candidate Zohran Mamdani is rattling real estate developers and landlords over his sweeping proposal to tackle the city’s housing crisis. The Queens assemblyman wants to build 200,000 new publicly-subsidized affordable homes and immediately freeze rents for the city’s 2.4 million stabilized tenants. Related: Zohran Mamdani 06/26/2025 After NYC primary upset, anti-Israel activist Mamdani vows not to ‘abandon my beliefs’ Zohran Mamdani 06/26/2025 New York Real Estate Broker Flooded With Calls From Wealthy Residents Looking to Flee Zohran Mamdani 06/26/2025 NATO Bureaucrats in Panic: Trump Shows True Attitude to Ukraine and Europe |
| Posted by:Skidmark |
| #8 ...$100B is the start. Once everybody gets their beak wet, it'll be north of $250B. At least. Mike |
| Posted by: MikeKozlowski 2025-06-27 14:45 |
| #7 I'm gonna have to start ordering popcorn in bulk |
| Posted by: DarthVader 2025-06-27 13:21 |
| #6 ...empty shelves, which will lead to rationing, * and thus to 'black markets' [from which the government gets no taxes]. Concurrently, the amount of 'protection money' become the other tax to the process. * exemption to shortages for the party apparatchiks. |
| Posted by: Procopius2k 2025-06-27 12:00 |
| #5 I got news for Mamdani. One hundred billion dollars is NOT affordable. In California, the usual suspects have been talking about the need for more affordable housing for as long as I can remember and that's a long, long time. It has always been a lie. They've been building as many units as they can as fast as they can for several decades and the units are still not affordable. Rent for a grimy cracker box might be $2000 a month, depending on the neighborhood. Nicer units in nicer neighborhoods might be upwards of $8000. Los Angeles has squandered billions of dollars on housing for the homeless and the homeless are still on the sidewalks in ever increasing numbers. The units cost half a million dollars if and when they can ever even be built. But nobody knows where all the money has gone. It's just gone. Los Angeles tax payers got scammed. OBTW, LA is broke and begging for money from the state which is also broke. The only way to make housing affordable is to turn the whole state into a slum where nobody wants to live. Newsom, of course, is bound and determined to do just that. The problems is made even worse by the lack of infrastructure. If you're gonna bring that many more people into a state, or a city, you need more roads, transportation, sewers, water, electricity, schools, hospitals, police and fire protection, etc. Newsom doesn't have any of that and I doubt if Mamdani does either. Affordable housing is not just a lie, it is socialist bullshit. The politicians who keep pushing it are thieves. So the question is: Will New York be a place where hard working, innovative and affluent people choose to live or will it be a city full of leeches in squalid tenements because nobody else wants to live there? Of course, it could go the way of Detroit and become a ghost town. |
| Posted by: Abu Uluque 2025-06-27 11:54 |
| #4 I've seen it pointed out that if free buses, then free subway eventually, and that people will use them to travel to the subsidized grocery where they will encounter large lines of same minded people and empty shelves, which will lead to rationing, which will lead to theft, which leads to safety cage shopping, which leads to longer lines, and we are all familiar with today's lack of patience and understanding. So the public transit system will be booting people trying to get to work by people not working to go buy items paid for by working people. And if you think only the poor and needy are going to take advantage of this, I got news for ya pal, I've seen people literally drive 120 miles to save a dollar shopping. |
| Posted by: swksvolFF 2025-06-27 11:33 |
| #3 He’s a communist manipulating the Moslem vote for power. Who would benefit from this $100B project? His friends. Who would pay for this $100B project? Not his friends. |
| Posted by: Super Hose 2025-06-27 10:05 |
| #2 He's a Mooslim. All I need to know. |
| Posted by: Besoeker 2025-06-27 08:40 |
| #1 City-run grocery stores, defunding police, safe injection sites: What to know about NYC's next potential mayor |
| Posted by: Skidmark 2025-06-27 08:27 |