
And what happens to the people renting when landlords have increased cost? They raise prices to adjust for those increased costs, simple economics. And do you think everyone who owns in NYC is exclusively wealthy? This isn’t just single family homes in Park Slope or Brooklyn Heights, this impacts co-ops and condos which are still attainable in the outer boroughs. Not even mentioning the regular people who bought in the 80s/90s when the city was a mess and shit was cheap.
So you’re in favor of booting native New Yorkers from their homes of 40 years because *checks notes* they are old and can profit? Just for some wealthy (usually white) transplant to come in and fill that spot removing the neighborhoods character creating another gentrified Bushwick or Bed-Stuy?
Then if property owners start getting sued the same cycle currently repeats of rent stabilized and rent controlled apartments being kept off the market since it’s less legal liability and cheaper to keep them vacant, further shrinking supply, increasing prices. His rent freeze btw only applies to already rent stabilized apartments, not market rate. There’s already close to 50k rent stabilized apartments sitting vacant because of laws making it unprofitable to lease, that number will only go up
I know it’s not his first choice. That was stated in the OP. Everyone in this thread seems to be acting like this has no second order effects and is only harming the wealthy though. Wrt the deficit, I have zero clue how that happened and looked into it a bit last night. Apparently the budget always has to be balanced, but sometimes their projections are wayyyyy off or they move existing surplus in a way that Google AI (didn’t look much further ln tbh) implied is slightly shady