My name’s Clarence

If you spend your time influencing people with propaganda talking points to get elected, you are the worst kind of person there is.

[My name’s Clarence @WilliardSimkin]

@LincolnRestler Progressive Mamdani: “Climate change is causing havoc. Reduce strain on the grid. Reduce your use of A/C!”

Progressive Restler: “Everyone is entitled to an A/C. Landlords must install them!”

[My name’s Clarence @WilliardSimkin]

@DarializaforNY Interesting choice to already begin alienating Democrats. Should we assume you are not going to caucus with them when you get to Congress? Because there are more than 200 Dems on the House that have not sworn allegiance to DSA. Hard to push your agenda with no friends.

[My name’s Clarence @WilliardSimkin]

@jacobin @AberKawas Finally, citing Edgar Olsen was an incredibly ironic choice. You or your friends at Jacobin might consider actually reading his work. Almost none of it helps your arguments. Is this how you intend to govern??

[My name’s Clarence @WilliardSimkin]

@jacobin @AberKawas Accusing owners of moral failure for repairs they cannot fund is ridiculous. If the building's rent generates $X and the boiler replacement, façade work, and LL97 compliance cost $X+Y, no amount of moral character changes that math. Contractors don't won't work for free.

[My name’s Clarence @WilliardSimkin]

@jacobin @AberKawas Argument 2 is also a "subtle admission" that these tenants remain for decades. Which was the original intent of the vacancy allowance before the HSTPA. The law then recognized that tenants were receiving a subsidy against rising market rents and the owner would need a catch-up.

[My name’s Clarence @WilliardSimkin]

@jacobin @AberKawas Argument #2 is completely absurd. Any savings on turnover costs because tenants do not leave do make any difference if frozen rents don't cover ever increasing expenses. The RGB's own data shows this. (The data that the Board ignored in making a politically motivated decision.

[My name’s Clarence @WilliardSimkin]

@jacobin @AberKawas In the meantime, there is evidence right here and probably in your own neighborhood. There are more than 57,000 units of vacant units in NYC because of the HSTPA. You and your colleagues continue to ignore this glaring fact. How to you propose to deal with that?

[My name’s Clarence @WilliardSimkin]

@jacobin @AberKawas But please feel free to post the studies you cite in your video so we can read them.

[My name’s Clarence @WilliardSimkin]

@jacobin @AberKawas In Berlin, rent decreases were accompanied by supply decreases five times as large and researchers found rents dropped ~11% but available rental listings fell 57%

https://t.co/iYnBZizFLX

[My name’s Clarence @WilliardSimkin]

@jacobin @AberKawas Montgomery County, MD enacted rent control in July 2024 and saw a 97% drop in multifamily housing permits.

[My name’s Clarence @WilliardSimkin]

@jacobin @AberKawas In a landmark SF study, researchers found rent-controlled buildings landlords impacted by rent control reduced rental housing supply by 15 percent.
https://t.co/iPgtDW5RE3

[My name’s Clarence @WilliardSimkin]

@jacobin @AberKawas You might also read: https://t.co/mmBZJuWqkn

Using long-run data from 16 developed countries from 1910 to 2016, the researchers found that restrictive rental legislation generally had a negative impact on both new housing construction and residential investment:

[My name’s Clarence @WilliardSimkin]

@jacobin @AberKawas You are wrong about #1. The strongest recent example is St. Paul, MN. After imposing a 3% cap on increases, multifamily building permits fell over 80%, while construction in neighboring Minneapolis rose.

[Hon. Vickie Paladino @VickieforNYC]

The budget just went up to 128 billion, basically out of nowhere.

We’re completely detached from reality here. Everyone in the chamber is congratulating themselves like they accomplished something.

This is actually nauseating.

[My name’s Clarence @WilliardSimkin]

@nycDSA

[My name’s Clarence @WilliardSimkin]

@NYCMayor

[My name’s Clarence @WilliardSimkin]

@NYCMayor Another classless, goofy gloating campaign ad that lacks the seriousness and gravitas of your office. When you consider that these policies will bankrupt many of your constituents and jeopardize housing conditions for many more, these adds seem completely inappropriate.

[My name’s Clarence @WilliardSimkin]

@bradhoylman A more affordable Manhattan for who? The median rent on rent stabilized units in Manhattan is $1550 per month. It’s already affordable for those tenants. The median rent for market rate is $>5100. Rent stabilization created and sustains this injustice.

[My name’s Clarence @WilliardSimkin]

@claireforny I thought the @NYCMayor said the RGB was an independent board that would make its own decision? Or are you saying that the vote was mandated by the DSA?

[My name’s Clarence @WilliardSimkin]

@roshantone The distress is in pre-1974, 90%+ regulated that are overwhelmingly financed by community/regional banks and portfolio lenders, not single-property CMBS. So using this 1% sample systematically excludes the segment where the distress actually concentrates.

[My name’s Clarence @WilliardSimkin]

@roshantone The 6% is freeze-driven defaults in a 481-loan CMBS sample that is only 1% of buildings, and doesn’t even include the ones you claim are a result of predatory loans.