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"Regardless of which side you tend to be on, it seems like it will be a useful experiment!"

I strongly disagree.

Mamdani is going to destroy the entire pre-1974 multifamily housing stock of the 5 boroughs. It will happen really quickly (values already down 40%, 11% of owners are behind on their mortgages).

How will he do that?

> How will he do that?

Through the evil power of socialism!! (/s)

Even if (a big ‘if’) that’s true, how is stock being destroyed? Investment returns maybe, but not supply.

Odds are they he gets bogged down in the morass of city government and moderates out of lack of willpower and understanding of the levers of city government.