Mike from Queens

@LinkofSunshine It was even lower than that. This is from the HVS (sample size of like 5,000 apartments). The RGB data from the same year said the median rent was $1,384 in stabilized buildings (sample size 750k). rentguidelinesboard.cityofnewyork.us/wp-content/upl…

In 2023 in NYC, the median rent paid was $2000 for market housing, and $1500 for rent stabilized housing When you see posts about how average listings here are $5k, remember that there are listings and not rented places for a reason

@joeanuta @NYCComptroller @NYCMayor Every time tax policy has been changed, everywhere in the world, throughout the history of time, behavior changes. Not sure if the Comptroller's projections are accurate, but at least he is honestly questioning the projections.

.@NYCComptroller released an analysis of the gov's proposed pied-à-terre tax. It's not exactly great news for @NYCMayor: It could in theory raise $500M as advertised. But adjusting for rented units & behavior changes in response to the tax, revenue drops to between $340M to $380M

@emmagf @GersonBorrero “Agent of the City” ??

Zara Rahim, one of Zohran Mamdani's closest advisers, is leaving City Hall and will continue to serve as an "external adviser" to him. She was often by his side during the campaign advising on issues regarding his faith and plans to work with progressive political clients.

@JeremiahDJohns @justluciano @opinionatedobs7 I remember a conversation I had with someone looking for an apartment near their job in Manhattan. They were like, “I can barely swing the rent, but where am I going to park my car?” I think suburban transplants struggle to understand what urban living is.

@justluciano @opinionatedobs7 honestly even with this, you can absolutely live in Manhattan on 100K. You just can't do *literally everything I see on IG Reels that make me jealous*, and that's the cause of untold ennui

you do not need 150K for a single person to live comfortably in NYC the reason you believe this is that you have political psychosis and have no idea what the state of reality is. Median *household* income in nyc is 80K.

@thfcflags @Flav_Bateman There is a white flag of surrender joke in here… but I am too depressed by Spurs form to make it.

This Saturday against Brighton we’ll have a sea of flags - with one on every fan’s seat. The players need our support more than ever and we wanted to create a visual show of support. We also urge all fans to wear white. We’ll have the larger flags out too. If you’d like one please let us know and we’ll place the flag under your seat - you’ll also keep it under your chair during game play and can wave it at half time as the players emerge from the tunnel again.

Lamelo Ball is the Jameis Winston of the NBA. Entertaining as hell. No idea what’s going to happen. Can beat you on any given night. Can blow up spectacularly as well. Must watch TV. #nba

@Adamocomic @admcrlsn You referring to this study? epi.org/publication/ra…

@MGJohnson24 @admcrlsn FYI, the economy grows FASTER when marginal tax rates are higher, up to 63% or 73%, depending on what type of regression analysis you use. But at least 63%. The Laffer Curve is demonstrably false below that level. So, your question is predicated on a false premise.

2% increase in city income tax on individuals earning over $1 million annually: 🟢 65% Support 🔴 20% Oppose — Solutions for closing NYC’s budget gap: 🟡 55% NY state raising taxes on the wealthy 🟣 41% NYC better managing its spending 🟤 4% Increasing property taxes by 5%

@JonCampbellNY If I was governor, I'd direct the @NYSTaxDept to do a study on the optimal tax rate to maximize income for the state. Then respond to every question about taxing the rich with "we will go where the data tells us so we have the most revenue to fund our social safety net."

Gov. Hochul's budget director, Blake Washington, spoke with reporters for more than 30 minutes yesterday. Among the interesting things to come out of that: He says Hochul opposes increases to both the personal income tax AND corporate tax.

@ProfSchleich @VitalCityNYC Good read. There is often a black and white view that rent control is constitutional, but the reality is it is much more gray. At some point, a rent control scheme becomes unconstitutional and various state courts have struck down laws that have veered too far.

New Piece @VitalCityNYC! A guide to actual and potential constitutional challenges to NYC's rent stabilization system, vitalcitynyc.org/new-york-rent-…

@Jonny_fun_guy @bern_hogan @KennyBurgosNY I am sure some people will take issue with the term "bailout" but that's basically what it is.

@Jonny_fun_guy @bern_hogan @KennyBurgosNY "They represent about 213,000 units in the rent stabilized stock of 1 million apartments." "Fund $1 billion financing program for projects at risk of default to restructure debt."

".@KennyBurgosNY also believes a 2019 law is part of what set the city’s rent-stabilized housing on course for disaster. Before..landlords had a relatively seamless way to increase rents and convert regulated apartments into market-rate ones." curbed.com/article/rent-s…

@AlexanderMcCoy4 I have a child with special needs. A state worker once "advised" me to get divorced so my son would have medicaid for life. These concepts play out across all of New York State. It's a big reason why the state is unaffordable.

My wife and I used to live in a rent stabilized 1-bedroom, 3rd floor walk-up apartment in Harlem, where the rent was $1600/month, and one time a state housing agency worker who was inspecting our building literally advised me to try to stay in that apartment until my (not yet existing) children turn 18 and could inherit the lease from us because it was such a sweet deal.

@bern_hogan @KennyBurgosNY For some, the goal of the 2019 laws was to reduce building values by $4 billion+. But I suspect most lawmakers they did not know this was going to happen. And that they did not intend to bankrupt so many nonprofit run buildings.

@bern_hogan @KennyBurgosNY To be clear, the $1B is not to improve housing. It is simply to avoid foreclosure for thousands of buildings. Because bldg values declined so much, they need to do "cash-in" refinances to keep ownership. Non-profits run about 20% of stabilized housing.

@AlexSJacquez @NYCMayor Option 4: Regulatory reform that grows the city economy.

🚨 NEW from me: @NYCMayor inherited a historic budget gap from Eric Adams. He has three options to close it: drastically cut vital services New Yorkers rely on, raise property taxes on working families, or ask millionaires to pay a little bit more. Here's what you need to know:

@islesofmets @jaymart222 @MichaelSFBA This argument would have more meaning if the influencer with the $1300 2-bedroom wasn't online bragging about living in Vermont.

It's actually good to have more inherited properties as it retains the fabric of the community, she could have friends/other family stay over for a low price and introduce them to the neighborhood and all it's goods, in addition, the less native New Yorkers leave, the better because Businesses can stay, and that 50+ year old business, or 100+ year old business that got passed from multiple generations can sustain for eternity more easily. Rent and property tax stabilization is necessary.

This family is crammed into a $3900 1 bedroom apartment. A few blocks away A single person who inherited her apartment pays 1300 for a large 2 bedroom. This is one of the key failures of the rent stabilization system. It turns an apartment into an inherited asset that prevents anyone else who might need a two bedroom apartment like a family for example from accessing it ever again. And it happens all over the city. There are massive 5,6,7 bedroom apartments (for real I never believed it myself until I saw it) in pre war buildings in northern Manhattan and the Bronx where large families could be living. The owner also can’t turn them into multiple apartments so more people who need housing can live in new 1 or 2 bedrooms made from old 5,6,7 bedrooms due to a law passed two years ago to stop “Frankensteining”. TL:DR when you hate landlords so much you prevent the availability of more housing and turn apartments into inherited wealth.

@cbcny Agree with this 100%. My daughter is in a gifted and talented class with 30 kids. Her education is great. Doesn’t need a smaller class. My son has special needs and has a one-to-one aid. He needs it. Resources should absolutely meet need.

NY's class size mandate will cost NYC $1.6B/yr starting in FY27. Much of it goes to low-need, high-demand schools. $170M in 2024-25 alone went to the lowest-need quartile. CBC testified today: repeal the mandate. Let resources follow the students who need them most. cbcny.org/advocacy/testi…