The Mandami effect

[rambot]

I’m hoping the invisible hand of the market means that with all the rich folks selling up to leave for……. Alabama? Means that the prices will drop and the New Yorkers can snap up the properties more easily.

Theoretically, it should happen.

 

[FAITH-IN-HIM]

Nobody is being forced to do anything; they can continue doing EXACTLY what they've been doing and city rents in nyc would not improve?

Nobody is being forced to do anything except pay a tax if their apartment is vacant.

But they can be forced to pay that tax.

Every landlord is required to pay property tax, regardless of whether the property is occupied or vacant. The city mayor does not have the legal authority to impose additional taxes solely because a landlord chooses to keep an apartment unoccupied.

 

[Nithavela]

View attachment 372999

Cleaning up new york, one gig at a time!

Did Kid Rock cancel NYC tour? “I dont sing for commies” claim debunked as post goes viral

A viral claim that Kid Rock canceled his New York City tour, saying “I don’t sing for commies,” has been debunked; the quote originated from a satirical article and no evidence supports the rumor.

www.primetimer.com

 

[Danthemailman]

Did Kid Rock cancel NYC tour? “I dont sing for commies” claim debunked as post goes viral

A viral claim that Kid Rock canceled his New York City tour, saying “I don’t sing for commies,” has been debunked; the quote originated from a satirical article and no evidence supports the rumor.

www.primetimer.com

That sounded like something Kid Rock might say but it's good to investigate. What about this one with 50cent?

 

[NxNW]

Funny how the going always gets tough under Communism.

Let me know when that happens.

 

[iluvatar5150]

psst... Westchester County is NOT part of NYC,

I’m aware.

but where people are moving to - right?

Allegedly. Your point being?

 

[Always in His Presence]

Allegedly. Your point being?

It's being called the Mandami effect.

 

[probinson]

Here's another point of view that concludes the Mamdani effect will be minimal, because Mamdani will be unable to institute many of his policies.

A historical view of political wish lists versus real estate reality reaches the same conclusions. JLL’s 25-year analysis of multifamily housing performance, for instance, found that mayors with vast and wide housing ambitions rarely got those dreams off the ground.​

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“Looking at the historical record of policy implementation across different mayoral administrations reveals a consistent pattern: the gap between campaign promises and actual policy implementation is substantial, particularly for policies requiring multi-level government approval,” the paper reads. “Market fundamentals and broader economic conditions — not mayoral policies — are the primary drivers of performance.”​

​

JLL to Real Estate’s Chicken Littles: The Sky Would Be Fine Under Mamdani

A white paper from JLL concludes that if Zohran Mamdani is elected mayor of New York City, his effect on multifamily will be negligible

commercialobserver.com

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[iluvatar5150]

It's being called the Mandami effect.

ok. That still doesn’t clarify your point.

 

[Bradskii]

Realotr.com isn't known for its political discourse. So perhaps there is actually an uptick in wealthy New Yorkers moving to the suburbs despite your incredulity.

They're estate agents. Of course I believe everything they say. That they're trying to raise interest in their area by saying that rich New Yorkers can't wait to move there is just fake news ('See, Hon? I told you we should check out that suburb and buy before the prices go up!').

Maybe we'll get some quotes in due course from NIADA, the journal for second hand car dealers.

Used Car Dealer Magazine

niada.com

 

[Nithavela]

That sounded like something Kid Rock might say but it's good to investigate. What about this one with 50cent?

View attachment 373002

What about doing your own research if you're interested about the veracity of this image?

 

[rjs330]

Nobody is being forced to do anything; they can continue doing EXACTLY what they've been doing and city rents in nyc would not improve?

Nobody is being forced to do anything except pay a tax if their apartment is vacant.

But they can be forced to pay that tax.

This is how the governement forces you to do things. Yes its force. Whats the difference between telling a landlord they have to fix up and rent their apartment or get taxed on it, or telling them they have to do it or face a criminal fine? Not much.

Stating they have a choice is misleading. Because you are forcing someone to do something or else. What would happen if rhe governement told people they had to fly an Ametican flag on their house or be taxed at a higher rate. Hey its a choice right?

Let's admit that anytime the governement tells you you have to do something or else then thats really force.

Besides, the landlords already pay their property taxes on apartment. You are double taxing someone for the same property.

If you are going to do that just be honest and pass a law that says landlords are not allowed to have empty apartments. Be honest with it.

 

[Larniavc]

Every landlord is required to pay property tax, regardless of whether the property is occupied or vacant. The city mayor does not have the legal authority to impose additional taxes solely because a landlord chooses to keep an apartment unoccupied.

It should have that authority.

 

[Larniavc]

It's being called the Mandami effect.

What is….. the Mamdani effect (in your own words)?

 

[Larniavc]

Whats the difference between telling a landlord they have to fix up and rent their apartment or get taxed on it, or telling them they have to do it or face a criminal fine? Not much.

That’s the role of government in a fair society. Bad landlord need to be forced to be good landlords. Who can argue with that?

 

[7thKeeper]

Let me know when that happens.

As someone who lives in a country right next to one that used to be communist and near several that suffered under it, Americans crying about communism in the states is always hilarious in its detachment from reality.

 

[Servus]

As someone who lives in a country right next to one that used to be communist and near several that suffered under it, Americans crying about communism in the states is always hilarious in its detachment from reality.

While others who used to live under a communist regime say that America is headed in that direction.