CNN has discovered that Darializa Avila Chevalier had a burner account from 2020 to 2022 where she praised communism and communists leaders.
She favorably quoted convicted cop killer Assata Shakur on how she studied Castro and Kim Il Sung before Marx and Lenin, whose biggest crime was being white but were otherwise great thinkers.
She also complained that you couldn't achieve communism because people want too many different kinds of soup.
Avila Chevalier even did artistic criticism in which she judged works by how pro-communist they were.
It's pretty bad that people like this are winning Democratic primaries.
Jeff Bezos says โif we ran Amazon the way New York City runs their school system, your packages would take six weeks to arriveโ in response to NYCโs high school spending
Becoming a complete doomer / nihilist has weirdly made me feel a lot better. I no longer really worry about the election outcomes because at the end of the day all I care about is that the people i hate face extremely negative consequences for their existence
the best part about hating everyone is that I win no matter what in this case
"Imagine your family worked for a generation to save enough money to buy a mid sized yacht to rent out for Caribbean tours" that's unironically what this is
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.
Voters donโt want more housing to be built. The places that have the ability to build more housing are like Texas and have sprawl that horrifies lefties. This is why you see people on โsubway takesโ whose solution is to say people should just leave New York
Matt Yglesias looks and sounds way too much like my old gay community theater director who thought the concept of trans people was hilarious for me to take him seriously on video. I feel like he's about to ask me to perform "Hermit The Frog" in his parody play.
Is it Hamas' fault for refusing to surrender, or did Biden fail by standing with Netanyahu? Matt Yglesias and Jerusalem Demsas don't see the war in Gaza the same way. Full debate out now: ranking the worst parts of the Biden presidency.
Watch the episode: https://t.co/ay5f9wKYT0