NYC's affordability crisis is a supply problem. Expand supply, prices fall. Mamdani's rent freezes and untouched zoning rules are why nothing gets built. You can't seize your way out of a shortage policy created.

I'm just here for the ratio

One of the signs that rent control is obviously a bad policy, and simultaneously a factor that makes it by definition an unfair one, is that new rent control initiatives almost always apply only to old apartments. This is because you literally cannot get anybody to agree to this deal, so the only way to make any apartment a rent controlled apt is to force it on people who can’t opt out. Developers can just opt out by not building any new units and investing their money elsewhere, which is of course exactly what they do. The idea that this isn’t a taking is absurd on its face. Again, politicians who pass these laws realize that literally no new units will be created under a rent control regime, because the value proposition is so terrible. So they explicitly design rent control laws to apply only to existing units; this is a direct admission that rent control destroys value. Obviously a taking. A 12 year-old can see that it’s a taking. The Supreme Court cannot ban it soon enough.

This 👇

It sometimes feels like there are only like eight of us who even believe in private property at all. Rent control is bad because it’s my fucking apartment, retards. It’s mine, it’s not yours. I decide who comes and goes. I decide who gets to live there and for how much. Rent control is bad because you don’t get to decide that, even if you really really want it, even if you think it would be good for some other people. That’s why rent control is bad. We believe in private property in this country. And if private property means literally anything at all, then it entails the right to exclusion.

Rent control advocates promise affordable housing but deliver the exact opposite. New York froze rents in 1943 as a "temporary" wartime measure. 81 years later, the city has a chronic housing shortage and the highest rents in America. You cannot repeal the law of supply and demand with good intentions. When you cap rents below market rates, landlords stop building new units and let existing ones deteriorate. Why invest $2 million in construction when the government limits your returns to below-market rates? Stockholm has rent control and a 20-year waiting list for apartments (not exaggerating - literally decades). The cruelest irony: rent control helps middle-class tenants who win the housing lottery while pricing out the poor entirely. Those "protected" units become inherited wealth passed down through families, while newcomers sleep in their cars. Economics doesn't care about your voting preferences.

If you are drawn to high-risk, low-reward investments, NYC rent stabilized apartments may be for you. Or you could get a high-yield savings account for similar upside but with lesser downside risk.

And these #EntitledTenants and their pandering politicians wonder why nobody wants to provide rental housing and 60,000 rent regulated units sit vacant.

Rent control is theft. No one “deserves” to live in Manhattan at an insane loss to the landlord.

Finally! audacy.com/1010wins/news/loc…

Thanks @linda

Boom 💥

As Democrats, we need to stop the Corbynization of our party. Right here, right now. And that starts with #NY13. Darializa Avila Chevalier would be a cancer on us for years to come. The same goes for Claire Valdez in #NY07.

This wins the Internet today

You stand in your rent stabilized classic six for 1600 bucks you parasite grifter

Precisely their goal, to not work. Socialists are the absolute laziest people on the planet.

I'm just here for the ratio

Thanks @LindaBRosenthal, rent regulation working exactly as planned: gothamist.com/news/the-bronx…

I think I'm getting this engraved somewhere.

I did not have C.H.U.D. on my Mamdani bingo card. silive.com/crime-safety/2026…