Imagine your family worked for a generation to save enough money to buy a brownstone occupied with rent stabilized tenants on the Upper West Side. The family financed the purchase with a mortgage from a bank based on the premise that rents and cash flow would at least keep pace with inflation so you could pay interest and principal on the mortgage and hopefully have some cash flow left as a return on your investment.
While you had rent stabilized tenants, you were led to believe that the NYC Rent Guidelines Board would be required to adjudicate rental increases each year by taking a measure of the inflation of costs to own and operate a building and setting rental increases appropriately.
You believed the RGB would do its job as the board is comprised of two representatives each for landlords and tenants and five independent representatives that represent the general public.
Now, a new mayor @NYCMayor Mamdani is elected on the promise of freezing rents. There are about two million rent stabilized renters that benefit if rents are frozen so by promising frozen rents the new candidate for mayor buys votes and wins the election.
The new mayor achieves his objective by stacking the RGB with directors who do not follow their obligations and simply vote for a rent freeze as a preordained conclusion as evidenced by the statements of an RGB director who resigned in protest for this very reason.
Meanwhile, inflation in NYC is rampant in utilities, real estate taxes, insurance, repairs and maintenance, etc. and now your rents are frozen. Real estate is a high operating leverage business which means that frozen rents and inflating expenses will cause property cash flows to plummet and your after debt service cash flow to go negative.
I expect therefore there will be hundreds if not thousands of small NYC property owners who are now or will shortly be underwater on their mortgages, and without any cash flow to maintain their assets.
If you remember the images of the South Bronx burning in the mid 1970s, you can viscerally understand what is happening to small NYC real estate owners.
While the rent freeze appears to be short-term good news (long term it will lead to poorly maintained apartments) for 2 million NYC renters, it is bad news for the 2 million or more renters in the 1 million market rate apartments in the City because a landlord-hostile market is not likely to add meaningfully more supply and market rents will likely continue to escalate at a high rate.
All of this seems quite unfair and wrong unless I missing something?
Why am I wrong?
For disclosure: I do not own any NYC rental apartments.
🚨 ASSANGE CONFIRMED IT: TRUMP IS THE CLEANEST MAN IN WASHINGTON!
WikiLeaks founder Julian Assange told Megyn Kelly why his organization never dropped any damaging material on President Trump:
“There is no dirt to release on Donald Trump.”
He called him “probably the most squeaky clean individual in Washington” — because Trump isn’t a career politician and has zero ties to the globalist elite cabal.
That’s exactly why they’ve hated him from the start. No blackmail. No leverage. No skeletons to exploit. Just a true outsider who came to drain the swamp.
Patriots, the lies are collapsing in real time. This is the vindication we’ve always known was coming.
BREAKING: Marco Rubio just said the quiet part out loud.
Americans work 40+ years…
Pay taxes.
Follow the rules.
Build the country.
Then retire on $800, $900, maybe $1,000 a month.
Meanwhile, new arrivals can allegedly receive more support from the same system they never paid into.
Read that again.
The people who built America are being pushed to the back of the line.
This is not compassion.
This is a government priority problem.
America First was never just a slogan.
It was a warning.
Who comes first?
The taxpayer… or the system?
🚨 JUST NOW: New York is set to OUTLAW the term "MOTHER" and "FATHER" on some documentation because it's "outdated" and should be called "gestating parent" instead
Father = "non-gestating person"
WHAT ON EARTH IS WRONG WITH DEMOCRATS?!
🚨 JUST NOW: President Trump infuriates the Democrats by dropping this INCREDIBLE moment of Columbus Circle 100% CLEANED UP, fountain water crystal clear and flowing...
...and NO homeless camps or drug users to be found.
COMPLETE 180.
It was a choice to allow dilapidation!
🇺🇸🇺🇸 @DailyCaller
This is insane.
The historic Église Saint-Cyriaque church in Montenach, France, was just set on fire.
Survived both world wars but couldn’t survive diversity.
WOAH 🚨 The taxpayer money laundering must be INSANE
“The Federal Reserve has revealed that US NGOs have more in assets than the combined 2025 GDP estimates for Japan, Germany and India combined — The combined assets held by US NGOs equals $14.2 trillion of your tax money”
“India and Japan's GDP each just over $4 trillion, Germany $5 trillion, about $13.5 trillion together. Guess what? The combined assets held by US NGOs equals $14.2 trillion of your tax money and that of your children and grandchildren and great-great-great-great-great grandchildren.
Ever wonder why everything is so absolutely unaffordable today? It's not actually rocket science. Government has forgotten the fundamental reasons for which it was formed to serve and protect our civil liberties.
It has inverted the entire formula and decided that we are the ones here to serve, to work, and through our individual labors to support their desires and the behemoth of a bureaucracy that has emanated from those desires.”
As of 2025, United States nonprofits held about $13.4–14.1 trillion in total assets. Including cash, investments, real estate, etc
It has grown from $7 trillion a decade ago
This is based on Federal Reserve data
Deceptive and bordering on EVIL, KAISER TELLS THEIR EMPLOYEES to AVOID GIVING NEW PARENTS ADVISED CONSENT!!!
DISGUSTING REPREHENSIBLE BEHAVIOR from KAISER!!
Remember that time when HillaryClinton introduced her friend GeorgeSoros and his interest to get involved in US elections?
The Internet sure doesn't.
Why?
Because it has been wiped from existence for the most part. Turns out I found a copy of the file I had archived years ago.
Be a real shame if people save and shared this widely.
FOLLOW ME, THE NEXT DROP WILL BE SHOCKING.