Earlier quoted context omitted.
Or any of these: - Vienna, Austria: About 60% of residents live in city-subsidized or cooperatively owned housing - Berlin, Germany: Rent control has been mixed, varies by neighborhood, but seen as working - Singapore: Not rent control in the classic sense, but government-built housing - Montreal, Canada: Rent control applies mainly to existing tenant Not all perfect. There are others. It can work.
Have you lived in one of those rent controlled “paradises”? In Europe, yes, there are sizeable populations living in subsidized housing, and often there are restrictions on rent increases, but new tenants pay way higher prices and have to compete for every available unit with dozens of other potential tenants. New tenants frantically overbidding each other, while old tenants pay pennies compared to today’s market pri…
Zohran Mamdani wins the New York mayoral race
181–190 of 1001 posts
Re: Zohran Mamdani wins the New York mayoral race
#182Earlier quoted context omitted.
Fascinating, yet rents have increased faster than inflation even as rent control has waned in NYC. The problem with citing studies from 1992 is that you’re missing the last 25 years of war inflation hidden through various schemes of quantitative easing and capitalization. We’ve made capital so easy to get everything is fungible and inflates as everyone from families to foreign rich people looking to exfiltrate cash f…
The underlying cause of runaway asset price inflation is ZIRP and QE. Renters experience it as rent increases outpacing wage increases - this is socially destructive. But neither Mamdani (DSA) or Democrats or Republicans are willing to touch Federal Reserve QE. Senator Schumer (D-NY) famously said in 2012 to Ben Bernanke (Federal Reserve Chair): 'Get To Work Mr. Chairman' - encouraging him to start Quantitative Easin…
Re: Zohran Mamdani wins the New York mayoral race
#183Earlier quoted context omitted.
The fact that I was seeing Sliwa favourably speaks to the candidate quality in this race. > No dirt. Other that some stupid stuff he said while he was young Stupid stuff he credibly disavowed. I’m still blown away that after De Blasio he was the only one, when asked a foreign policy question, who said he’d put city priorities first.
It is unfortunate that, after the Spanish Inquisition, Jewish refugees were welcome in Istanbul, but the current receptivity is so much colder. This is exactly the point where the historic tolerance of the middle east is most direly needed, but common ground in so many contexts is absent. I hope that we can put ourselves back together. We've seen the consequences this year of its lack.
Sure. Broadly. But there is one correct answer a mayoral candidate could give on such an issue, and it’s the one Mamdani gave.
Re: Zohran Mamdani wins the New York mayoral race
#184You guys have it all wrong. There was only one candidate for the dem party, Here's the list: 1) Cuomo. Sexpest who has been accused by many women of some pretty shitty stuff. Also a member of a multi-generational dynasty, which is not good. 2) Mayor Adams. Federally indicted by the Feds. They have a 99% conviction rate. Not because they're corrupt, but because they only go after people who have dome some really egreg…
Re: Zohran Mamdani wins the New York mayoral race
#185The fact that people in here (who are richer than average) disagree with his policies makes his election more hopeful
Re: Zohran Mamdani wins the New York mayoral race
#186I hope this win signals (to both parties) that voters are receptive and will get engaged when a clear message is presented about cost of living and quality of life issues. Some of which are taken for granted in most other western countries. I’m no political wonk, and I’m curious what others with more insight might say about his ability to fund and implement his polices. I’m reminided of Obama and his hopeful message…
Re: Zohran Mamdani wins the New York mayoral race
#187Earlier quoted context omitted.
The biggest takeaway to me is how ridiculous it is that the US considers Mamdani somehow "experimental" or even radical. His campaign revolves around three policies: 1. Universal Child Care 2. Fast and Free Busses 3. Freezing Rent for certain Rent Controlled Units In any other context these would be policies that basically every citizen, except for a handful of people making buttloads of money off the privatization o…
Rent control in particular is an economic basket case policy, the fact that it's popular at election time should have about as much bearing on it making sense as the fact that another "experimental" candidate was considered by voters in 2024 to be "better on immigration" As for offering free stuff, the problem that - if you look at relative population numbers - NY, CA, etc are already facing is that on the margin peo…
> are already facing is that on the margin people he hopes will pay for it will just move away.
This myth is promulgated constantly with no evidence to back it up. The tax increases he has proposed are a drop in the pond to the bracket he aims to tax. If those people care so little for the city, so be it, they can leave. I don't need to share communal space with people who want to live as atoms and don't actually care about the place they live beyond how it affects their bottom line. If they actually love NYC for the city it is, they will stay. The increases are not going to be untenable for those people, it all comes down to their priorities, and if they don't want to prioritize NYC, then yes, they should gtfo because they are characterless, tasteless people who only care about themselves and their money.
Re: Zohran Mamdani wins the New York mayoral race
#188Earlier quoted context omitted.
I kinda feel Obama is more of a Trojan horse. It was not he tried and failed to get what he campaigned for implemented, it was more like he did a U turn after he got elected. e.g. he called for universal health care but once he was elected he started saying it was "too radical". I hope the same doesn't happen with Zohran. If he was going to fail after all, I wish that will at least be after he had fought as hard as h…
> he called for universal health care but once he was elected he started saying it was "too radical" ACA was the most radical package that could have passed, and it still cost Democrats the Congress. This line of argument reminds of the folks who complained about Sinema and Manchin. You know what we’d have with a few more Sinemas and Manchins in the party right now? A majority. The bill that passes is better than the…
Manchin was genuinely the best Democrats could hope for from West Virginia. Sinema was absolutely not the best Democrats could hope for from Arizona. Manchin was also, while not perfect, more honest in much of his opposition than Sinema was, and sometimes he was actually right.
Re: Zohran Mamdani wins the New York mayoral race
#189Republicans have completely given up on cities and without being able to even field a worthy candidate it’s the sign of a dying party longer term. You simply have to have some influence in cities. But they had none after a 20 year run where they remade NYC after decades of failure. Bloomberg went independent but he got in as a Republican after a successful Giuliani admin (yes he’s tarnished that). But what happened?…
It seems like the strategy is to control state legislatures through extensive gerrymandering, then use state sovereignty to control the cities from without. Blue cities in otherwise red states are not able to experiment with local policies anymore, much to everyone’s detriment.
Re: Zohran Mamdani wins the New York mayoral race
#190Silwa pretty much screwed coumo, would of been a tight race if he dropped. Curious to see what happens to NYC if some of the socialist ideas actually get implemented. I think AOC will likely challenge Schumer for his seat now that mandami won.
With 90% reporting Mamdami's lead is larger then Sliwa + Cuomo. Mandami won, not Cuomo and Sliwa lost.