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The Mandami effect
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FAITH-IN-HIM
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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.
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Nithavela
you're in charge you can do it just get louis
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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
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Danthemailman
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That sounded like something Kid Rock might say but it's good to investigate. What about this one with 50cent?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.
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Funny how the going always gets tough under Communism.
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probinson
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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.
commercialobserver.com
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.
“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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Bradskii
Old age should burn and rave at close of day;
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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
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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.
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Larniavc
"Larniavc sir, how are you so smart?"
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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?
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7thKeeper
Venture life, Burn your Dread
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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.
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While others who used to live under a communist regime say that America is headed in that direction.
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How does not renting an apartment in THEIR OWN building make them a bad landlord? A bad landlord would be one that doesn't fix their tenants stuff. The landlord is already paying taxes on that property. Double taxing?
You might as well pass a law that tells them they have to rent every apartment or face criminal charges.
In a free society that is abhorrent to force people to do that. Talk about authoritarianism.
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No America is not communist. But if you can't see what is going on after living next to a communist country you didn't learn much.
People that lived under it would recognize that the promises and threats are right in line with Marxism and communist promises and threats.
We could tie so much of what Mamdani had promised to communist/Marxist promises.
Is America communist? Nope. But one really needs to listen to people like Mamdani and compare him those that were. The similarities are striking. Is he a full fledged communist? Probably not. But hes a start.
We'll see what happens in the next couple of years. Maybe we'll be pleasantly surprised and things in NY will be great and then we can implement his policies everywhere and fix all our issues. All this from a guy who's never accomplished anything, but talks a good talk.
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Larniavc
"Larniavc sir, how are you so smart?"
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Because people need to live in domiciles. If Landlords buy domiciles but keep them un- occupied they are reducing the ability of people to access that domicile.
Imagine every landlord refused to allow occupancy of 50% of their portfolio. What would that do in a supply and demand environment?
Being a landlord aggressively siphons money out of the economy and into the coffers of said landlord.
What impact do you suppose that has for the cost of living?
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