They voted for him, and so they have him, but that doesn’t mean that even New Yorkers are thrilled to see the systematic destruction of what was once the greatest city in the world. More of them voted for the young, handsome, dynamic candidate than for the sleazy retread corruptocrat Andrew Cuomo or the clownish Curtis Sliwa, but that doesn’t mean that New Yorkers are collectively ready to don Mao jackets and start singing the praises of the five-year plan. Mamdani’s audacious scheme to socialize New York City housing is already coming in for severe criticism.
One sign that some New Yorkers are aware of what Mamdani is really all about was an unsigned editorial in the New York Post on Monday. The Post Editorial Board wrote that Mamdani’s “‘Block by Block’ plan to build 200,000 subsidized apartments entails a lot of handwaving, magical thinking and reliance on ‘responsible stewards’ . . who have been failing to manage the real-estate portfolios they already have.” Mamdani promises that “if ‘community land trusts, nonprofits or even the tenants themselves’ control the city’s housing stock, these miracle-workers will ‘expand New Yorkers’ access to safe, stable, and affordable homes.’”
However, the Post points out that “programs that do all this are so old and tired that Mamdani’s Gen Z policy experts appear never to have heard of them, maybe because the experiments had already failed when they were building fantasy housing projects out of Legos.”
Indeed. If socialists learned from experience, there would be no more socialists. There is system on the planet that has been tried so many times and failed just as many times, and yet constantly gains new young adherents who don’t know how bad socialist regimes really have been, or would care if they did know, because in their youthful arrogance, they’re sure they’re going to do right this time what their elders kept doing wrong. Mamdani is going to be the world’s first socialist to build a society. Sure, and he is also going to sprout wings and fly to Mars.
Mamdani announced, of course, that he planned to seize rental properties from landlords who have not maintained them properly — in the judgment of none other than Mamdani and his cronies. He then intends to hand over ownership of those properties to “community land trusts” and “non-profits.”
Oh yeah, that’ll fix e everything. As foredoomed as this idea is as any sort of real solution to New York’s housing problems, it has long been high on Mamdani’s to-do list. Intifada on the Hudson: The Selling of Zohran Mamdani shows how he has made socialized housing schemes a centerpiece of his program ever since he entered politics. “People often ask,” Mamdani wrote on Dec. 3, 2020, “what socialists mean when we say we want to ‘decommodify’ housing. Basically, we want to move away from a situation where most people access housing by purchasing it on the market & toward a situation where the state guarantees high-quality housing to all.”
One of Mamdani’s leading critics, New York City Council member Vickie Paladino, explains what’s really going on here: “The properties will then be turned over to nonprofits. This is no small detail. This is in fact the whole point. The idea here is to build up Zohran’s DSA-connected nonprofits with a multibillion-dollar portfolio of hard assets — New York City real estate. This portfolio could theoretically reach into the hundreds of billions or even the trillions, depending on how aggressive they get. Now these highly political nonprofits would become the new land barons of New York, complete with all the political clout, leverage, and reach that goes along with it. It would be a true nightmare scenario.”
Mamdani’s housing scheme would thus be a great leap forward for securing socialist control of New York City for the indefinite future. Also, once his Marxist comrades control New York City’s housing market, who will actually get the housing? Not political undesirables, i.e., patriots. Instead, the lucky recipients will be Muslim migrants, including an unknowable number of criminals and jihadis, and others who will help the leftist/Islamic alliance stay in power.
Related: Democratic Socialism Works! Leftists Go Nutty for Mamdani After He ‘Balances’ the NYC Budget
It will all work wonderfully — until, that is, Mamdani and his friends run out of other people’s money. The Post points out that “Community Development Corporations, non-profit groups that own and manage ‘deeply affordable’ apartments, have been around for decades, and are barely managing to keep themselves afloat as it is. CDCs operate more than 200,000 subsidized city housing units, and face the same problems as private landlords: rising costs (especially insurance), unsustainable debt, deferred maintenance and nonpaying tenants.
Turns out that removing the ‘profit’ line from a balance sheet by getting rid of private ownership doesn’t repeal the laws of math when costs run higher than income.”
It isn’t going to be any different this time around. New Yorkers who have already caught on to Mamdani can only hope that enough of their fellow city residents will catch on to tbe truth about this smooth socialist before he does too much damage.
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