to socialize the housing market<\/a>, creating a sort of \u201cNYCHA for all,\u201d rather like Sen. Bernie Sanders\u2019 dream of \u201cMedicare for all.\u201d<\/p>\n\t\t\tMore From\t\t\t\t\t\t\tPost Editorial Board<\/p>\n
Public housing \u2014 with much of the population directly dependent on government as its landlord \u2014 is central to the socialist vision of municipal rule.<\/p>\n
Weaver says \u201crents from higher-income buildings\u201d will subsidize the costs of \u201clower-income buildings in other parts of New York.\u201d<\/p>\n
How is the city to come into possession of \u201chigher-income buildings\u201d? Or does she just mean ones that aren\u2019t super-low income \u2014 that is, ones where most Mamdani voters now live?<\/p>\n
Few truly high-income New Yorkers live anywhere that the city can readily force to sell; this seems like a vision to make the middle class pay to support the poor.<\/p>\n
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Either way, the belief that public ownership could yield housing justice was was the idea behind the New York City Housing Authority in the first place.<\/p>\n
But Gotham\u2019s long experiment with owning and managing rental units has produced an $80 billion capital-needs gap after decades of deferred maintenance.<\/p>\n
This vision, in short, is a fantasy where the city magically transforms into a brilliant manager, and deftly housing millions of tenants in high quality apartments where the rent never goes up. <\/p>\n
The math, as they say, doesn\u2019t math.<\/p>\n
Putting Mamdani and his crew of steely-eyed socialists in charge of city government is bad enough, but let them seize control of our housing stock and New York City is really sunk.<\/p>\n","protected":false},"excerpt":{"rendered":"One of Zohran Mamdani\u2019s top advisers admits that his key campaign promise, freezing rents, will \u201cdeepen the crises\u201d…\n","protected":false},"author":2,"featured_media":72840,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[433,304,2907,9,56,63,65,64,299,566,1211,82],"class_list":{"0":"post-72839","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york-city","8":"tag-affordable-housing","9":"tag-editorial","10":"tag-housing","11":"tag-new-york","12":"tag-ny","13":"tag-nyc","14":"tag-nyc-headlines","15":"tag-nyc-news","16":"tag-opinion","17":"tag-rent-stabilization","18":"tag-socialism","19":"tag-zohran-mamdani"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/72839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=72839"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/72839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/72840"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=72839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=72839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=72839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}