[jonfromsf]

Mamdani is going to destroy the entire pre-1974 multifamily housing stock of the 5 boroughs. It will happen really quickly (values already down 40%, 11% of owners are behind on their mortgages).

[zbentley]

Even if (a big ‘if’) that’s true, how is stock being destroyed? Investment returns maybe, but not supply.

[garbawarb]

How will he do that?

[bayarearefugee]

> How will he do that?

Through the evil power of socialism!! (/s)