1.Pass a law capping rents on vacant apartments, wiping out 70% of building values overnight and rendering the buildings unlendable.
2.Freeze rents for two years while costs explode, including costs the city itself controls, like property taxes and water rates.
https://t.co/rXkZ4j00tu building conditions inevitably decline from lack of funds, encourage tenants to weaponize the violations system, piling fines onto already-bankrupt properties.
4.Point to those violations as proof owners are “bad stewards” and argue the buildings must be sold to nonprofits and publicly run entities.
5.Return to Albany and demand $40 billion for a “social housing fund” that feeds tenant groups to take over the buildings, subsidizes every rent and cost, and hooks the whole system to the taxpayer permanently.
Money habits kids need:
Create value.
Build useful skills.
Start small.
Save consistently.
Think long term.
Don’t buy things to impress people.
Which one would you teach first?
In New York City rent stabilized apartments, renters must approve most maintenance work in advance, and many won't allow it b/c it can result in temporary displacement and/or higher rent, as @KennyBurgosNY explains.
So by the time they move out, which could be decades later, the unit may require $100k+ in costs that the owner can't recoup, so the unit sits empty instead.
I think it’s clear I've been extremely critical of Zohran’s housing policies among other things.
I also try to call balls and strikes.
Fully funded voucher subsidies to keep people housed are desperately needed. We also need more than just passing mention of “fixing” high costs for property owners so rents in low rent stabilized units where these vouchers qualify for most often are not constantly going up.
A better use of city funded vouchers (because resources are limited) in the first place would be for a much more efficient housing court coupled eviction diversion program.
Over 95% of all housing court cases are nonpayment. 95%
NYC can’t scale the tremendous size and cost of a full-scale voucher program for the need but it can virtually end evictions without drastically expanding the program.
Instead of housing court cases taking years while renters accumulate massive debts and buildings go bankrupt, we can drastically reduce the housing court process by tying FHEPS subsidies and HRA one-shot loan funding into one and aligning renters in need with immediate relief, financial counseling, legal representation, and if need be, job placement assistance.
All of these things the city is already paying for and funding but they are all scattered into different agencies and different directions.
Those recipients who are in need of long-term assistance should be transitioned to the state's HAVP program or preferably Section 8 because there is a more realistic ability to cover those costs from the state and Fed. FHEPS technically has a limited year cap anyway.
None of these things are groundbreaking but special interest groups all have a vested stake in each one being siloed and stuffed with more and more funding year over year.
Some more radical tenant advocates don’t even want these vouchers at all because they hate the idea of property owners actually getting paid for housing.
Enough.
Efficient, targeted, effective and completely doable.
I’m with Jabari and I think DSA should consider endorsing the Delgado Walten ticket.
We will never get Zohran’s agenda out of Hochul. Zohran is prioritizing keeping the peace over his campaign promises but DSA should not.
Kathy Hochul is *by* billionaires, *for* billionaires. No politician will ever wield enough leverage to change that.
Thankfully our movement is bigger than any one decision by any individual. Tax The Rich. Delgado 2026.
Every time in politics where you exchange something of value in for an IOU, you got played.
It would be one thing if she committed to raise taxes on billionaires for him, but overall it seems like he didn't get much for the endorsement.
India Walton has experience in winning a grassroots mayoral democratic primary of a major city of NYS. Adrienne Adams has not.
The Delgado-Walton ticket is going to Albany
Today, I am proud to announce India Walton as my running mate in our campaign to become the next Governor and Lieutenant Governor of New York.
India is a proven fighter for the working class. A mother from Buffalo and committed activist, India energized new, often overlooked voters in her historic run for mayor. I am honored to call her my partner in this fight, and thrilled she has agreed to join me as we take on a broken system - enabled by establishment politicians - that serves the few at the expense of the many.
Together, we'll prove to you that government *can* accomplish meaningful change and deliver an agenda that looks out for all New Yorkers. If elected, our only obligation is to you, the people. Let’s get it done! #NewYorkforAll #NewYorkHealthAct #TaxTheRich
Drives me crazy that "eviction defense" is treated in these articles like an unalloyed good.
According to data from the LA Controller, 93% of 3 day notices (the precursor to eviction) are for non-payment.
The costs of eviction to society and to the people evicted are high - of this, there is no doubt.
But the costs of allowing non-payers to remain in occupancy for month after month, bc city-funded lawyers stretch cases out, are also high... it's just that these costs are "off balance sheet", from the perspective of city government.
They come in the forms of:
1. Stricter screening criteria for prospective tenants, since allowing marginal applicants into apartments is so much riskier than before
2. Owners having their apartments "stolen" and having to pay for their own lawyers to try to get them back
3. As a result of 2, developers building fewer units than they would have otherwise, slowing supply growth and thereby, eventually, increasing rents for everyone
More and more, it does seem like almost the entire ruling class met each other on Epstein’s island.
It’s not left vs. right.
It’s us vs. the Epstein class.
Everyone’s talking about a $12B budget gap but let me show you why the law capping renovations at $50,000 doesn’t work today.
There’s some math here, stay with me.