51–60 of 84 posts
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they dont even know what it means, its just the big scary word.
Either that or they understand exactly what it means, the actual reality of it as compared to the "sounds nice in theory..."
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Yes. Rent control is what most people are familiar with (grandma living in a beautiful 3 bedroom apartment in Greenwich Village paying $200 / month, locked in since the 1970's). Rent stabilization is just a regulation that puts some type of reasonable cap on how much landlords can increase the rent every year, usually around 3-5% per year. This is especially relevant in this election, as Cuomo is attacking Mamdani fo…
I'm still not sure what the important distinction is. Are you saying it's that rent control freezes the price entirely, while rent stabilization allows it to increase? That doesn't seem to be right from what I'm seeing; "rent control" includes systems where the rent can increase. NYC apparently has both and NYC rent control does allow for (capped) rent increases, according to the NYC government: https://hcr.ny.gov/sy…
Rent stabilization is roughly based on the inflation rate, so, while tenants who've lived in one place for a while might be getting something approximately considered a "sweet deal", it's not the ridiculous scenario rent control can produce. One other relevant distinction, rent controlled units can be passed down to family, keeping the same rent rate. Rent stabilized apartments can also be passed down, but it's the same as if a new tenant was taking over—the price can be reset back to market rate.
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I'll break it down for you. For a long time, neoliberals like Pelosi and Chuck Schumer have run the Democratic party. They have enjoyed soaking up the progressive votes from the more left parts of the party, but they have done everything possible to prevent those elements from rising too high in the power structure. You saw it in 2016 when the party leadership coalesced around Hillary to nudge out Bernie, and again i…
Too bad most of this is meaningless, and the actual policy is the only thing standing between America and another 50 years of housing crises. When the so called progressive millennial is pitching rent control as the solution to housing in the largest city in the US you already know it's fucking Joever. Social policy is popular among millennials, that doesn't make it good. Mamdani and his followers are wilfully ignora…
Billionaires don't like it when politicians put a target on them.
Billionaires (or Landlords) have been hiding behind class war for thousand years. They continue to find ways to divide and conquer.
The moment a popular politicians start to poke em a little bit is the moment where they will react swiftly
I think that this is actually separate classes of people. This article is using "silicon valley" to talk about a small (but very influential) group of very wealthy investor types, and "new york tech scene" to mostly talk about NYC founders and not investors. Plenty of finance guys in NYC are very upset about Mamdani's primary win. I'm a silicon valley founder but definitely not investor and I'm quite optimistic about…
Their assets continue to generate generational wealth and once that concept is taken away, they lost the only leverage for power: wealth.
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I'll break it down for you. For a long time, neoliberals like Pelosi and Chuck Schumer have run the Democratic party. They have enjoyed soaking up the progressive votes from the more left parts of the party, but they have done everything possible to prevent those elements from rising too high in the power structure. You saw it in 2016 when the party leadership coalesced around Hillary to nudge out Bernie, and again i…
Too bad most of this is meaningless, and the actual policy is the only thing standing between America and another 50 years of housing crises. When the so called progressive millennial is pitching rent control as the solution to housing in the largest city in the US you already know it's fucking Joever. Social policy is popular among millennials, that doesn't make it good. Mamdani and his followers are wilfully ignora…
Young progressives can iterate. Old people cannot, conservatives cannot.
I agree with you about the 50 years: it started in 1980, if I had to pick a specific year, so, good news!
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> We're going to end scarcity and implement UBI, I don't think that I've ever heard anyone in SV, at least not anyone with any real power, honestly suggest that. They don't want to pay people more than they absolutely have to now , and that's with most labor being done by humans. When humans stop being the engine of economic growth, why would those people suddenly want to implement UBI and end scarcity? It's a fugazi…
Sam Altman says it all the time. If Sam Altman "doesn't have any real power" than the phrase doesn't mean anything.
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Given that California's top tax rate is 13.3% to New York City's 14.8%, I'm not sure whos supposed to be scared.
You're thinking of income tax. Wealth tax is a tax on, well, wealth, rather than just on what you earn. I don't think any US jurisdiction currently has a wealth tax.
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Too bad most of this is meaningless, and the actual policy is the only thing standing between America and another 50 years of housing crises. When the so called progressive millennial is pitching rent control as the solution to housing in the largest city in the US you already know it's fucking Joever. Social policy is popular among millennials, that doesn't make it good. Mamdani and his followers are wilfully ignora…
shrug British Columbia (where Vancouver is located) has rent control and people continue to live normally. Billionaires don't like it when politicians put a target on them. Billionaires (or Landlords) have been hiding behind class war for thousand years. They continue to find ways to divide and conquer. The moment a popular politicians start to poke em a little bit is the moment where they will react swiftly
I’m surprised you chose Vancouver for your argument. Are you aware this is one of the worst housing markets in North America for exactly the same reason as NYC?
The one thing BC is doing correctly right now is getting rid of a lot of the market controls and introducing a lot more ways to build new housing, without any explicit focus on “affordable housing” (because that’s a tar pit.) These changes (by a social-forward party like the NDP no less) are what are easing pressure on the market, though it is still deeply unaffordable.
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It's all well and good to deny that this group represents SV, but I do think they're more representative of the leadership class than most would like to admit. They were among the first people to call out that layoffs were coming. Even if their reasoning was bad, they're well connected enough to understand the vibe among the wealthiest people in the area. Within two years of that prediction, and after Musk had laid o…
What's most puzzling to me is how at this point a larger part of SV hasn't distanced itself with All-in Podcast-adjacent people a lot more vocally. I think the lasting power of that region hinges on some important voices doing that sooner rather than later, because they're actively damaging the whole brand of SV at this point.