AmericaLandOfTheFreeOrLandOfTheFreeForAll? 🇺🇸

The NY Commie Housing Plan is absolutely wild. Here are the steps: 1. Freeze rents. Costs go up, rents don't. Owners have less and less ability to maintain properties and address repairs. Properties fall into disrepair. 2. Government comes and says "Hey! You're a slumlord!" And slap them with all sorts of violations. The property, due to accumulating deferred maintenance and frozen rents drops drastically in value. 3. When the owner has had enough and decides to cut losses and sell, he has to give 1st right of refusal to non-profits (run undoubtedly by "friends" of the government) or to the government itself. Naturally sales price is tiny given the drop in value. 4. Meanwhile, tenants are forced to live in worse and worse conditions and the only alternative is what? Government housing? We know what that's like. Who wins here? Property owners (tax payers)? Nope. Tenants? Only if you think living with roaches and water leaks is a win. The "non profits"? Yes they will line their pockets. The commies in charge? THAT is one thing you can absolutely bet your sweet butt cheeks on. They will get rich. This will also stop new development in its tracks. Now the only new housing will be built by the government. You ever lived in government-built housing? It's stuff of nightmares. Watch these 🤡🤡🤡 ruin NY and then watch for this playbook to come to a city near you. Elections matter. Once you put these morons in charge, it's very hard to get rid of them. And it's even harder to undo the damage they (always) cause. Get involved with your local elections. Get involved with housing advocacy and lobbying groups in your market. We never seem to really wake up until this type of insanity affects us directly and by then it's too late.