Mamdani claims NYC will confiscate apartment buildings from owners who do not pay for repairs the city performs, begs for money for transition team

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Who’s stealing? If properties aren’t maintained, I’d say it’s the landlord.

So when rents are kept artificially low by controls Landlords are supposed to operate their properties at a loss to maintain them?
 
Answer the question…Do you support the government seizing private property?
I believe in strategic partnerships like Trump is doing with Intel and Westinghouse. What’s the problem?
 
The city is going to make “repairs” they deem necessary, then confiscate the building if the owner does not pay what the city wants.

That is wild.

Communism. Flat out voted for in the USA.

I am glad my Latvian grandfather who lived in NYC for a few years is not alive to see this.

Not that I am glad he is dead, but he would be like 110 years old now.
 
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Low? NYC has the highest rents in the country.

And the highest costs of doing business.

And yes, ret controlled/stabilized apartments are kept artificially low, that is the whole point of control/stabilization you idiot.
 
Condemnatiion is the legal way to take a property but Commie Mamdani wants to just seize private property and to Hell with due process.
 
And the highest costs of doing business.

And yes, ret controlled/stabilized apartments are kept artificially low, that is the whole point of control/stabilization you idiot.
Landlords make enough to keep things up or they need to sell.
 
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Landlords make enough to keep things up or they need to sell.

Why.not just raise rents so they can keep up? Selling won’t solve the issue, the new owner has ro make enough to keep up
 
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