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Zohran Mamdani wins the New York mayoral race

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Re: Zohran Mamdani wins the New York mayoral race

#501

Post by kelnos »

tsvetkov wrote: post #153
donohoe wrote: post #75

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…

> new tenants pay way higher prices and have to compete for every available unit with dozens of other potential tenants.

Rent control isn't the cause of that, though, it's lack of housing supply to meet demand. If there was no rent control, competition would be just as fierce, and prices still high.

Re: Zohran Mamdani wins the New York mayoral race

#502

Post by throwaway3060 »

slg wrote: post #461
GenerWork wrote: post #230

Earlier quoted context omitted.

Please explain how city run grocery stores are middle of the road politics. Perhaps they’re middle of the road when your road is all the way to the left.

Last I checked, if you wanted to buy more than a 12 pack of beer in the state of Pennsylvania, it had to be from a state run store. Is Pennsylvania socialist?

In this regard, yes it is; the biggest reasons they keep it around are the jobs it provides and the money the state makes off of it. In return, residents get low prices but less choice, and in some areas, poor access. Most people hate it.

Only in the last decade or so has some competition been allowed.

Re: Zohran Mamdani wins the New York mayoral race

#503

Post by anon7000 »

sershe wrote: post #477
voidhorse wrote: post #187

Earlier quoted context omitted.

Rent is a nonproductive component in the economy. It shouldn't even exist. If we want an economy that actually provides goods that people need we should focus on productive components like building more houses and actual shelter rather than using limited housing to extract profit, often without even improving the housing itself. > are already facing is that on the margin people he hopes will pay for it will just move…

So if I build a building full of studios targeted at young people who would have no interest in owning one permanently, or poorer ppl who don't have money or stability to buy, how am I to be compensated/incentivised? I guess it's not being built then! As for population e.g. https://www.brennancenter.org/our-work/analysis-opinion/how-...

Or, a public developer could construct and operate housing at cost, where rent pays off just enough to service the debt and operations.

Re: Zohran Mamdani wins the New York mayoral race

#504

Post by dimator »

Workaccount2 wrote: post #300
HellDunkel wrote: post #281

Earlier quoted context omitted.

Greetings from western europe. Not so bad and communist around here. They call it social capitalism.

Western Europe would have been collapsing right now if daddy cold capitalist didn't show up with gas and guns to drive away the Russian bear. Western Europe has been on vacation for 30 years. There is no future where they can stay on the path they have been on. European leaders recognize this, but how the hell do you get a generation raised with an easy life to recognize this? Germans work 400 hours a year less than…

> Germans work 400 hours a year less than Americans, and they celebrate that. Good luck.

Yes, everyone everywhere should endeavor to... checks notes... work the maximum number of hours in a year.

Re: Zohran Mamdani wins the New York mayoral race

#506

Post by kortilla »

toomuchtodo wrote: post #328
GenerWork wrote: post #170

Earlier quoted context omitted.

>his policies are relatively common sense and middle of the road. Rent control isn't middle of the road, it's 100% socialist. Same thing with city run grocery stores. He also wants to defund the police while replacing them with community outreach people, as well as raising the minimum wage to $30 in 5 years which is absolutely wild. None of this is middle of the road in any way, shape, or form.

The minimum wage not being indexed to inflation has been theft for decades. It would take a minimum wage of almost $60/hr to maintain purchasing power from 50-60 years ago. https://www.epi.org/blog/the-value-of-the-federal-minimum-wa... https://finance.yahoo.com/news/minimum-wage-york-2024-live-1... https://livingwage.mit.edu/ Edit: If the system of “we make asset prices go up while labor prices are inflated away” ge…

You didn’t read your own link. The peak value of minimum wage was $12.12/hr in 1968 after adjusting for inflation.

https://www.epi.org/blog/the-value-of-the-federal-minimum-wa...

You cannot with a straight face claim bringing it to $60 has anything to do with inflation when the value it would need is right in that article.

Re: Zohran Mamdani wins the New York mayoral race

#507

Post by enaaem »

GenerWork wrote: post #170
octaane wrote: post #73

You 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…

>his policies are relatively common sense and middle of the road. Rent control isn't middle of the road, it's 100% socialist. Same thing with city run grocery stores. He also wants to defund the police while replacing them with community outreach people, as well as raising the minimum wage to $30 in 5 years which is absolutely wild. None of this is middle of the road in any way, shape, or form.

Price distortions are bad because the market might not react correctly to it. But if there are too many restrictions to build housing anyway, you might as well ease the pain for social harmony.

Re: Zohran Mamdani wins the New York mayoral race

#508

Post by matsemann »

terminalshort wrote: post #362
HellDunkel wrote: post #281

Earlier quoted context omitted.

Greetings from western europe. Not so bad and communist around here. They call it social capitalism.

Just don't commit blasphemy, which is literally a crime you can be charged with there.

"there". Where exactly? Norway's law about this was removed years ago, and for many years before that was a "sleeping" rule basically no one got convicted of.

Re: Zohran Mamdani wins the New York mayoral race

#509

Post by Boltgolt »

Workaccount2 wrote: post #300
HellDunkel wrote: post #281

Earlier quoted context omitted.

Greetings from western europe. Not so bad and communist around here. They call it social capitalism.

Western Europe would have been collapsing right now if daddy cold capitalist didn't show up with gas and guns to drive away the Russian bear. Western Europe has been on vacation for 30 years. There is no future where they can stay on the path they have been on. European leaders recognize this, but how the hell do you get a generation raised with an easy life to recognize this? Germans work 400 hours a year less than…

This is what working in a toxic working culture does to a person. "Because I only have one week of PTO a year and have to be constantly add afraid of being fired, everyone should be!"

Re: Zohran Mamdani wins the New York mayoral race

#510

Post by kortilla »

prpl wrote: post #258
GenerWork wrote: post #170

Earlier quoted context omitted.

>his policies are relatively common sense and middle of the road. Rent control isn't middle of the road, it's 100% socialist. Same thing with city run grocery stores. He also wants to defund the police while replacing them with community outreach people, as well as raising the minimum wage to $30 in 5 years which is absolutely wild. None of this is middle of the road in any way, shape, or form.

The minimum wage should easily be 11-13 by any inflation metric you use for the last 40 years, and doubling that for a high cost of living place is reasonable. Lots of states have state-run liquor stores, even super conservative ones. It’s a smaller delta than you think.

11-13 isn’t anywhere near 60.

Anyone who has shopped a state run vs regular liquor store knows how much worse the gov version is unless your goal is higher prices, worse service, and worse selection.

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