Wing Ding

Sceptic. Sometime optimist.
Have a lovely day.

[Wing Ding @wingdee]

@SadiqKhan Stop with this far-right nonsense.
The dichotomy is people who want more, authoritarian top-down controls (such as you) and people who want less.

Big gov with big capital and labour unions ... all telling us how to live for our own good. Left's agenda is basically fascism. No?

[Camus @newstart_2024]

If the sun was the size of a dot on a page, the Milky Way galaxy would be bigger than Earth.

Michelle Thaller blew Joe Rogan’s mind with scale: You could fit over a million Earths inside the sun.

They talked about how our brains just can’t process how vast the universe is, even when you see the comparisons, it still feels kooky.

What’s your take, does thinking about cosmic scale make you feel small or amazed?

[Bill Ackman @BillAckman]

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.

[Wing Ding @wingdee]

@Sandyhotep @Dillon_Bliss @lucyjaynewhite1 Gosh.. and er, where are all these neo-nazis in turmoil? 😂
There's a very obvious psyop going on here.

[Camus @newstart_2024]

Parasite drugs that kill cancer cells? The industry jacks up the price.

Dr. Thomas Seyfried says cheap medications like Mebendazole and Fenbendazole target the same metabolic pathways in cancer cells that parasites use to survive. But once they show promise, the price skyrockets.

He compared it to Martin Shkreli hiking EpiPen costs.

Repurposed drugs like Mebendazole have shown anti-cancer effects in preclinical studies by disrupting microtubule function and glutamine metabolism in tumor cells, but large-scale clinical trials in humans are still limited.

[GB Politics @GBPolitcs]

The government is set to repeal the 1824 Vagrancy Act tomorrow

This means police will no longer be able to move on homeless people who are sleeping or begging on the streets

[Wing Ding @wingdee]

@Frnc_prep @BillBrooks4440 @PeterDClack What experts? Those people who make a handsime living out of sticking assumptions into models and coming up with 'the end is nigh'?
No better than the doomsday preachers on their soapbox.

[Wing Ding @wingdee]

Seems quite obvious they knew that all along. They're stringing IRGC out, getting them arguing amongst themselves while strangled for money. And militarily hit them very hard every time they try something.
And Arab states left out so they can now state their own terms.
IRGC cornered. Strife building internally. Just a waiting game now.

[Wing Ding @wingdee]

You are getting blinded by your Trump dislike. The MOU is a carrot. Bloody obvious IRGC could never comply. US is playing them. And strangling them for money, while any military action will get smacked back.
Meanwhile Israel and Arab states free to make their own demands.
It's a calculated pressure game on the IRGC - their own tactics back at them and they have nowhere to turn.

[Wing Ding @wingdee]

@TSolitude27302 @beverleyturner Explain what is mad and out of control re Trump? I don't get it. Seems to have done some pretty rational things.

[Bev Turner @beverleyturner]

💥

[Libs of TikTok @libsoftiktok]

The woman who REQUIRED toddlers masks indoors is now urging people to snitch on ICE agents who wear masks to protect themselves from leftists trying to kiII them

Cannot make this up

[Dr. Matthew M. Wielicki @MatthewWielicki]

Are climate models science, or are they sophisticated propaganda whose assumptions determine their conclusions?

[Dr. Matthew M. Wielicki @MatthewWielicki]

In Tampa this happened directly behind a Delta aircraft waiting on the tarmac for 45 mins. We should reject outright all temp records from airports.

[Wing Ding @wingdee]

"And even if there is a bit of bias in the Bordeaux airport record.."
Rather.
Climate 'scientist' recycling the same old bs alarmism again. Anything to keep the scam going.

[Dr. Robert Rohde @RARohde]

Yesterday, the weather station at the Bordeaux airport set an all-time record for the second day in a row, reaching 42.5 °C (108.5 °F)

A small thread on the French heatwave. 🧵

[Zaiko @Kelton_no]

@F_Desouche Pour rappel : Les gauchistes s'opposent aux test osseux pour les "mineurs isolés" car ils estiment que c'est une pratique raciste.

[Wing Ding @wingdee]

@MartinDDean @g__j Really? And what is critical?

[Wing Ding @wingdee]

@Indy_Buddie @g__j You got a good helping.

[Wing Ding @wingdee]

@MartinDDean @g__j So you tell me where the climate crisis is?

[Wing Ding @wingdee]

@tagware @g__j And?

[Nicole Lampert @nicolelampert]

Will the ‘pro Palestinians’ speak up for the people of Gaza under threat from Hamas?