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Marc Hodak
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Marc Hodak
@mhodak
Corporate board advisor | Top management incentive expert | Classical liberal
Katılım Mart 2009
502 Takip Edilen98 Takipçiler
Marc Hodak retweetledi

@wil_da_beast630 At this point, I think he just makes things up to see what he can get away with saying and who is retarded enough to nod in agreement.
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@Average_NY_Guy So glad I sold my place there. Feel bad for all my friends I left behind. For me, it’s just 🍿 now.
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Who Will Build NYC if Builders Are the Enemy?
As a New Yorker Jew, I'm surrounded by people who have been in real estate their entire lives. I am not trying to feed a stereotype, but that's my reality. They aren't activists or online commentators. They are people who bought their first buildings with all their savings, carried debt through rate hikes, fixed things themselves when there was no money to hire, and stayed in New York through high crime, recessions, 2008, COVID, rising taxes, insurance increases, and an ever-expanding book of laws and codes. None of them were promised fairness before they started, and none of them were protected from risk. They succeeded very slowly, and painfully, but with responsibly.
That experience is exactly what is missing from the worldview of Zohran Mamdani, and it shows in every part of his housing agenda. Mamdani has never built anything. He never signed a personal guarantee, never met payroll, never carried a mortgage through a rough month, never had to choose between fixing a boiler now or hoping it survives another winter because there is no cash. He has only operated in a political world where consequences are abstract and other people absorb the risk. When you have never operated in the real economy, it becomes easy to believe that shortcuts are solutions.
It is also why his message resonates with a certain type of voter. The people demanding “housing reforms” are not bad people. They are frustrated renters who feel like the system is rigged against them. I understand the frustration. But frustration doesn't change math. Housing is hard. Ownership is a very slow process. Building anything meaningful in this city takes years of stress, and debt. The people calling for "landlord policies" often want the outcome without the grind, the stability without the risk, and the reward without the years of sweating that every responsible adult who succeeded here had to endure. But it does not work like that.
NYC is in housing crisis. Citywide vacancy sits around 1.4 percent, a level economists consider an emergency. Median rents keep rising anyway, with Manhattan near $4,800 and Brooklyn around $3,800, even under an already thick layer of regulation. The reason is obvious. Supply has not kept up. In a good year, New York adds roughly 30,000 units. The city needs hundreds of thousands more over the next decade just to stabilize prices. At the same time, construction costs here are among the highest in the country, financing is extremely difficult, and insurance is wildly expensive
Mamdani’s proposals take that fragile situation and make it worse. When you cap upside while leaving downside unlimited, rational people stop participating. Developers do not argue on X. Lenders do not protest. They simply reallocate. Projects stop coming up. Renovations are postponed. New construction dies before a shovel hits the ground. The people I know in real estate are not angry. They are disengaging. Some are buying elsewhere. Some are sitting on cash. Some are done entirely. And when that happens, tenants do not win. Buildings deteriorate, supply tightens further, and rents rise anyway.
What Mamdani offers is emotional satisfaction, not solutions. He tells voters that prices are high because someone else is greedy, not because the city has spent decades making housing harder and almost impossible to build. He frames landlords as villains instead of participants in an ecosystem that only works when incentives align. That framing feels good, but it does not produce housing. It produces resentment, fear, and withdrawal.
Everyone I know who made it in this city did it the same way. Slowly, without shortcuts. Policies written by people who never did that do not create fairness or affordability. They create shortages. NYC doesn't have a landlord problem. It has a confidence problem. And a city that teaches people to hate the builders while demanding more building is a city sabotaging its own future.
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@JewishWarrior13 We keep making the mistake of celebrating the taking out of a dictator without considering what replaces them. This woman is steeped in that administration’s worst evils.
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@Rossikane23 @GadSaad Calling out fake quotes has become a pastime for me, but this one is inspired.
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It truly is beyond Orwellian.
Paul A. Szypula 🇺🇸@Bubblebathgirl
Mamdani’s Tenant Director, Cea Weaver, says NYC will transition private property to being a “collective good.” She says, “It will mean that especially white families…are gonna have a different relationship to property than the one we currently have.”
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@CNN Hey, CNN, I heard something is happening in Iran. I looked on your feed over the last week, but must have missed something.
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A plane carrying captured Venezuelan President Nicolás Maduro and his wife, Cilia Flores, has arrived at Stewart Air National Guard Base in New York.
cnn.it/3Ld7BMo
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@JosieStratman You’re missing the rest of the conversation where Trump says, “Oh, I’m so sorry, Zohran. If only knew how much this upset you, I would have told Pete to call it off. Pete listens to me. Says I’m the best boss he’s ever had. Never worked for anybody like me before. It’s amazing.”
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@WPolitics1 Yeah, if I was Cartel Claudia I’d be a little more worried today, too.
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@williamnhutton As if Russia needed a pretext. From their Foreign Ministry:
“This morning the United States committed an act of armed aggression against Venezuela. This is deeply concerning and condemnable. The pretexts used to justify such actions are untenable…”
With a straight face.
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@ThomasEWoods It’s a word salad that roughly translates into “All assets are under the control of the government and I fully expect to be influential in that government.” In other words, it’s delusion all the way down.
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@JimDMiller @McFaul And that is clearly Maduro’s hardcore communist deputy.
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@McFaul Because she isn't the best possible leader of Venezuela, and Trump wants the best.
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@samdebendern @McFaul Somebody out the word “judicious” in his speech and he thought it sounded like intelligent legalese so he kept repeating it.
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He didn’t mention Edmundo Gonzales at all, who the US recognised as president elect in 2024. Nor did he mention freeing political prisoners. And in his ramble about “judicious”transition no mention of democracy or elections. He wants to put a kleptocracy in power, who will allow him to get his hands on all the oil. Machado would have just been in the way.
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@JohnKasich If any brutal dictator rigged an election to maintain control of the U.S., I would hope to God some other country could take the bastard away in handcuffs.
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@novaramedia @jasonhickel @AaronBastani The difference between a “political economist” and an economist.
Economist: describes and models the real world, usefully distinguishing market (voluntary) interactions
Political economist tells us why those interactions are wrong and what the people should be doing instead
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“Two billion people around the world live in food insecurity. Something as basic as food security cannot be supplied by capitalism for everybody.”
On Downstream in August last year, political economist @JasonHickel spoke with @AaronBastani. Watch the full episode back on Novara's YouTube Channel.
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