Reminds me of when the former German gov tried to enforce heat pumps for heater replacements to phase out gas heaters.

Someone wrote their experience with a homeowner meeting in a small city to discuss that topic and at some point a man complained that doesn’t know if he could afford to replace gas heaters with heat pumps in all 36 of his houses…

It warms my heart to see all the people scared shitless by this guy.

Obviously "unsellable properties" here means "property that won't keep appreciating at insane rates".

Gotta read between the lines.

They won't be sellable... AT A PROFIT. They might have to sell them to PEOPLE so they can LIVE IN THEM instead of as a perpetual resource squatting investment.

You get to escape from this exploitation with the ill-gotten rent-profits you've already got and your heads still attached to your bodies... this is already the compromise. Take the win.

I was ALL IN on Mamdani until I read THIS! CANT we just think of the RICH LANDLORDS PLEASE! THOSE are the Only Ones who Matter! I'll GLADLY pay DOUBLE the Rent just to make Sure my Mom And Pop Landlord with 30 Buildings in NYC can stay Afloat and I Expect ALL Mamdani Supporters to do the Same! This is EYE OPENING!

And are those mom and pop landlords in the room with us now?

If your promary concern when buying a hime is selling it, your housing market is fundamentally broken

Landlords can still make a profit offering a service (rental profit) without needing the underlying asset to perpetually appreciate in value. Japan makes it work

"The feudal overlords are humans just like you and I."

If you're renting a property, it is not unsellable. I'm sure someone will be happy to buy it for $1.

While I get what the writer was trying to say:

A) That was one of the worst terms they could have used.

B) Even small operations are keeping rent high and renters counting pennies.

So fuck em anyway.

"Waaaaa I wanted all the potential profits and none of the risk!"

It's funny how the system of owning extra properties to rent out as part of a person's retirement is so unreachable for current generations that they don't even really know about it. Being able to own things so you didn't have to work when you were old used to be how the system convinced people to buy into it.

Now that this is now longer feasible for almost anyone, there's little reason for people to feel the system is worth upholding. That's what kept support for capitalism so strong after guilded age; a middle class supported by generous housing policies and strong unions. As such a reality becomes distant memory, people are more willing to reject capitalism and liberalism than every before.

What if he goes after the Mom & Pop Billionaires and Mom & Pop corporations next?

There are probably landlords who own only 2 properties, and who are living frugally in a smaller one while renting out a bigger one. I doubt there are many, but in a city of 25 million, there are probably a few. But, this idea that a property in NYC will be "unsellable" is a bit absurd.

love the plural properties

I'd like to hear how many % of NY rental properties are owned by landlords with a net worth below 1M$...?

Won't anybody stand up for the leeches landlords??

Mom and pop landlord? Is that the US version of a Baronet or Knight?

Mom and Pop NYC landlords. I immediately want to balk at this statement but then I remembered two things. Firstly I remember "How to with Jon Wilson". He made an episode about buying the house from his landlord and that the only way to pay for it was to turn it into a rental property. His landlord was an old lady who wanted to move out.

Secondly, I remember meeting a couple who sold a brownstone before the pandemic, moved to Montclair NJ, and then purchased a home and turned their second floor into an apartment.

Do mom and pop landlords exist? Yes. Are they opportunistic? I don't think those single family homes should be allowed to be turned into apartments. I've seen some pretty heinous abuses of some people essentially turning a closet and a hallway into a "studio".

Maybe "Mom and Pop" landlords shouldn't exist.

Think of the mom and pops that suddenly can't make a parasitic living off of leeching money from their tenants?

This is what fascist media does: they bullshit you to death.

mom-and-pop parasites fear promising antiparasitic

here's an idea:

sell it

Housing is never 'unsellable', the price is just too high.

Contrived outrage is insanely standard but it still works on the dotards.

Shouldn’t even be a business.

I'm not tipping

I hope Mamdani wins and people have to charge fair rents and feel like they are suffering.

Using language to deceive

Good?