@EatingSmallish The real problem is you refuse to Define any boundaries as to what is a minimum livable wage. should a McDonald's burger flipper be able to live in the heart of Manhattan? no.
Mamdani just told NYC property owners who gets first dibs on their buildings.
See you in court, commies.
Today he signed COPA, the Community Opportunity to Purchase Act.
It covers about 2,100 apartment buildings across the city.
Owners must notify the city and "approved" nonprofits before they sell.
And guess who decides what nonprofits get approved?
The city does. The Department of Housing Preservation.
So, the mayor's own agency picks who gets first crack at these buildings.
Those groups get months to make an offer before anyone else can buy.
Turn them down?
They can still match any other buyer's deal for a full year.
Eric Adams vetoed this bill last year.
The Council brought it back.
It takes effect November 2027.
Expect landlord groups to sue the minute it does.
Their case is ready-made: Cedar Point Nursery v. Hassid (2021).
There the Supreme Court ruled that when government takes away an owner's right to control their own property, that's a taking.
Under the Fifth Amendment, the government has to pay for a taking.
A year-long right to hijack any sale looks a lot like taking control from the owner.
Private property means the owner decides.
Not City Hall.
Not Mamdani's friends.