Eric Adams doing everything he can to prevent Mamdani from enacting rent control is fundamentally anti-democratic, and toxically pro-landlord, but I won’t hold my breath about it, that’s NYC baseline
@sidereal It's not, though. That's not how markets work, and it's not how government works.
Adams is reflecting democratic sentiment that maybe we don't screw over renters by limiting their options when they want to seek housing.
You have it exactly backwards.
@volkris lmao, if the government lets people charge whatever they want for rent, then the buildings that can be rented will sell for more as they are now higher value assets. If the government institutes rent control, people will stop being landlords, and that will be good for tenants. This is very simple supply and demand, you’re the one who is massively overcomplicating this. Landlords don’t create housing, they exploit it.
@sidereal That's some nice pie in the sky thinking, that if only government is more powerful than it can manage society to its will.
But no, that's not how that works at all. Over and over we try it, and it's not how it works. And it's obviously not how that works. But we keep trying anyway, and it keeps failing, and then people say we just need to give government more and more power and try again.
But just to touch on the fundamental place that you're wrong, We do see governments around the world letting people charge whatever they want for rent, and yet rents don't go to Infinity. Why? Because of the people. People don't pay Infinity. They don't pay more than the rent is worth.
We don't need to let government take more and more power and interfere with our ability to rent housing.
We don't need to go fascist. Be clear that that is what you are promoting.
@volkris @sidereal why do people like you always say "shit can't be better"?