Z

@jaibhavnani @drydenwtbrown “Cost of living will go down by 99%” not under capitalism 😂

@drydenwtbrown - AI will drive down the Cost of Living by 99% - Humans will value novel things like the arts, live experiences, etc. - Humans will get paid for participating - Accordingly, there will be job displacement, not job destruction We are pretty resilient to change.

@pipko__ @PalmerLuckey @KennyBurgosNY Yeah cause you know the exact details, or you’re just assuming like I am

@ZShee09 @PalmerLuckey @KennyBurgosNY There are interest, taxes, maintenance fees, etc. in NYC. You are only focused on the principal payments, which is why you are wrong.

These are so frustrating to receive. A building owner sent me this video of a 2BR Upper West Side apartment he just got back, but after he empties it out it will stay vacant going forward. The tenant lived here since 1985 and the current legal rent is $940.01 Because of the 2019 HSTPA law, a building owner is expected to fully renovate this unit to current building code (that’s a good thing), but also expected to lose money in perpetuity at the same time. This 2BD would need well over $100,000 to clean out the debris, comply with lead laws, upgrade major systems, remove the Sheetrock + much more just to make this into an apartment a tenant would actually want to live in with dignity. But the law says the $940 rent would still end up below the estimated $1300/mo it costs to operate the apt which covers insurance, property taxes, labor, fuel, and capital expenditures for the building. So if the new rent falls below the operating cost, the owner would still lose money every month and never see $1 back from the $100k+ renovation. Why would the state expect anyone to lose money like this? What bank would ever provide a loan with no path to repayment? Why do we acknowledge the cost to build housing but ignore what it takes to preserve older housing? Why do we accept this policy when thousands of New Yorkers are searching for housing in the midst of the worst supply crunch we’ve ever seen? So frustrating.

@AlecLace Apples to oranges

🚨 Zohran Mamdani despises people like Ken Griffin who own multiple properties. But Socialists like Bernie Sanders get a pass He owns 3 homes. Less than 1% of Americans own 3 homes But watch him defend why he has three houses while 99% don't.

@PalmerLuckey @KennyBurgosNY Are y’all really acting like the property wasn’t already paid off for at least 26 years of his 40 year lease 😂 bro for sure made a net positive renting for so long

@ZShee09 @KennyBurgosNY It costs a lot of money to maintain and repair a building for 40 years, bad tenant or not.

@StealthQE4 Store hasn’t even opened yet and the fear mongering has already begun lmfao 😂

Lmaooo. Capitalism far more efficient than Socialism. Mamdani is such a loser

@KennyBurgosNY You think a bad tenant just stays for 40 years?

@ZShee09 You think the apartment just exists at no cost?

@seanbax Did you look up the tax break he got for this?

Ken Griffin donated $400 million to Memorial Sloan Kettering Cancer Center. His name is on this building. Mamdani should be buttering these guys up to give more.

@SaraEisen @NYCMayor Slobbering on it and Ken didn’t even know who you are 😫

Ken Griffin employs thousands of people in NYC and is planning to build the tallest office tower on Park Ave., investing billions more and creating thousands more jobs. (For that reason, he’s also here in NYC a lot, @NYCMayor) Meantime Miami is welcoming him and his firm, with the massive jobs, investment and tax revenue he’s bringing. Making him feel unwelcome and demonizing him seems risky. Ken left Chicago and moved Citadel hq to Miami a few years ago because of bad policy. (He also sold his penthouse there)

@BillAckman Socialism boogeyman gunna get ya in your sleep

Non-residents who spend millions of dollars on NYC apartments help drive NYC’s economy. Most of the profit in condominium development is in the penthouses. The Ken Griffins of the world make NYC high end development viable, driving high-paying construction, brokerage, legal, marketing, and other jobs in NYC. We should be applauding Ken for spending $238 million in NYC, not attacking him for doing so. Importantly, non-resident owners of NYC apartments who leave their apartments vacant for much of the year are not a burden to NYC schools, services, or other resources while they drive growth in retail sales, restaurants, theater, and other important drivers of our economy. They also often support NYC non-profits with donations. Ken’s company is a major employer in NYC of very high paying jobs which drive a considerable amount of our tax base. We wouldn’t want him to move even more employees to Miami. These non-resident owners also already pay a lot of taxes including mansion taxes, real estate taxes, sales taxes and more. While @NYCMayor Mamdani likes the tag line ‘Tax the rich.’ Unfortunately, his policies will harm the constituencies he is supposedly trying to help. I can’t imagine the NYC construction unions are excited about his plan.

@CarlHigbie It’s crazy to see men fight harder for billionaires than their own neighbors

The bottom 40% pay ZERO taxes yet get the same services, representation and benifits as the top 10% that pay 75% of taxes.  Democrats are retarded, bad at math or both.

@mdudas Top 5% owns 95% of the wealth. Looks mis-distributed to me.

truly sad, completely out of ideas

@vulturetrades Pls 🙏🏽

Starting a fresh $100 —> 10,000 challenge. Last time it took me about 7 days, will try to do it faster this time. If you want to follow along, comment below to join Going to lock comments in 24 hours