Technologist and common sense advocate backing causes rooted in reality. “Wrong does not cease to be wrong because the majority share in it.” — Leo Tolstoy
New York, NY
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cbernaut retweeted
Every week our info email receives requests like these. So frustrating and sad because here is a family with a voucher in hand, but no apartment to use it.
NYC won’t let a rent stabilized property owner collect the entire voucher, despite no cost to the tenant.
So apartments that are too costly to renovate at legally frozen rents stay offline, serving no one. 60,000 empty units according to DHCR.
Thousands of families like this are looking for homes and because the law is more concerned with punishing property owners rather than helping people, voucher holders like this are left to suffer in the shelter system.
We. Need. More. Supply.
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cbernaut retweeted
This very point was made by John Stuart Mill who argued that those who receive or stand to receive more benefits from the state than they contribute to it shouldn’t be in a position to determine the allocation of state funds.
Mill writes, “It is also important, that the assembly which votes the taxes, either general or local, should be elected exclusively by those who pay something towards the taxes imposed. Those who pay no taxes, disposing by their votes of otherpeople’s money, have every motive to be lavish and not to economise. As far as money matters are concerned, any power of voting possessed by them is a violation of the fundamental principle of free government; a severance of the power of control, from the interest in its beneficial exercise. It amounts to allowing them to put their hands into other people’s pockets, for any purpose which they think fit to call a public one...That representation should be coextensive with taxation, not stopping short of it, but also not going beyond it, is in accordance with the theory of British institutions.” [Mill, Considerations on Representative Government, Chapter VIII, 331-332]
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I'm just here for the ratio
On this 25th anniversary, we mourn the thousands of lives lost on 9/11. Our hearts are with their loved ones.
Let us also honor the courageous first responders who gave their all in our darkest hour.
We will #NeverForget their bravery in the face of such terrifying tragedy.
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cbernaut retweeted
As an MIT economist, let me offer Mamdani a free economics lesson: a fraction of a percent isn’t savings. It’s a sound bite. 🎤
Mamdani brags about savings in NYC's massive school budget that amount to a fraction of a percent trib.al/wUWgBw5
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This is all true, which is why we can't get a SCOTUS ruling on rent control soon enough
No one feels bad for people who own properties. Certainly not for people who own multiple properties!!!! Landlords are not a sympathetic political constituency, and when given the opportunity to speak publicly, they attack their own tenants and cry poverty. It needs to end.
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Thank you @TheRealSPONY!
Excellent summary @sethhaberman.
If you follow rent regulation and Takings Clause litigation, the attached tracker reviews 18 key current and precedential cases. It shows where each case stands, what it challenges, which groups are involved, the procedural barriers, the next expected event, and what could change if the owners prevail.
Large national and state housing associations participated in several of these cases, primarily by filing supporting briefs. The California Apartment Association went further, bringing its own case against Alameda County.
One result is especially pleasing: @TheRealSPONY or its members brought two of the three live cases in the tracker that directly challenge rent rules now in force.
Small Property Owners of New York v. City of New York challenges limits on rents for vacant, rent-stabilized apartments. SPONY is the named plaintiff, represented by the Institute for Justice.
Kenilworth Holdings v. NYC Rent Guidelines Board, brought by owners including SPONY members, challenges New York City’s 2026 rent freeze and the process used to impose it.
The third direct challenge is Harris v. City of Los Angeles.
For an all-volunteer group, this is a remarkable record. @amkorchak and SPONY deserve real credit for finding the issues and plaintiffs, building the cases, and bringing the concerns of small housing providers before the courts. - tinyurl.com/SCOTUS-RS
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cbernaut retweeted
🚨 JUST IN: New York AG Letitia James announces lawsuit against President Trump for kicking illegal aliens off SNAP.
Yep.
Democrats are suing to give welfare to illegal aliens.
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cbernaut retweeted
Property rights aren't just economically vital, they're morally inviolable.
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This wins the internet today
I'm also a VP at a big bank in NYC and I see a lot of misconceptions about what I do. So here's a typical Day in the Life:
7:30am: morning coffee. it's extra delicious because my bank imports the finest Colombian coffee picked with exploited child labor
8am: Catch up on overnight news and get updates on overseas wars where we finance both sides
9:30am: market opens. High five my citadel handler on another beautiful day to frontrun retail clients
11am: flock camera out front identifies a passing single mother with no credit card debt. Immediately give her a free credit card with a low low interest rate of 65%
11:30am: new pollution regulations threaten to harm maritime shipping profitability. Call local congressman and instruct to kill bill
Noon: time for lunch. Slop bowl from cava today because we got advance notice of a lettuce recall from sweetgreen CEO.
12:05pm: sell our sweetgreen shares before the FDA announces said recall
1pm: pick up our daily tithe of shekels from the vault and deliver to Israeli consulate
1:30pm: conference call with lockheed martin. They want to issue debt to finance a factory for new cutting edge bombs that can specially target Gazan women and children. Expedite loan approval.
3pm: in person, all hands meeting with local Epstein associates. Female interns invited
4pm: market closes. Another all time high. Well done boys
4:45pm: invite ICE agents for roundtable on new financial monitoring tools we're developing to identify undocumented immigrants. Deliver today's list of local deportable migrants
7pm: work dinner at michelin starred restaurant where we dine on the finest cuts of proletariat
9pm: after party at underground club with trafficked women. Force her to take plan b and seize her passport a few weeks until she gets her period
11pm: time for bed! Go to sleep grateful i can make the world a better place each and every day
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Socialists never consider unintended consequences of their policies.
A surge in wealthy renters is driving Manhattan rents to new records, according to brokers.
Median rents in Manhattan reached an all-time high of $5,000 a month in July, according to the Real Deal Report, authored by Jonathan Miller, director of markets for Street Matrix. The average rent jumped 15% compared with a year ago, to $6,306.
The rush of wealthy New Yorkers into the rental market has created a new market for mega-rentals. The number of apartments renting for more than $50,000 a month so far this year has more than doubled compared with 2025, while the number renting for more than $100,000 a month is up sevenfold, according to The Real Deal.
Learn more: cnb.cx/4gINPE7
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cbernaut retweeted
Can rent control fix the housing crisis? No. In fact, it could make things a whole lot worse.
Find out more in my latest for @WSJFreeEx
Free Expression
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cbernaut retweeted
hard to overstate how much damage NY lawmakers caused to NY tenants and apartments with their 2019 housing "stabilization" act
they made apartment improvements collapse, while operating costs have soared ahead of rent increases
no accountability, however
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cbernaut retweeted
This is an evil plan cooked up by DSA and it is unconstitutional.
A government engineered back door move to take over privately held property violates the takings clause of the Fifth Amendment which says “nor shall private property be taken for public use, without just compensation.”
Here is why it is illegal and why @TheRealSPONY small property owners like @eccles_lincoln are speaking out.
Cea Weaver has been given taxpayer funds to build an army of tenants who will overwhelm the system with every imaginable complaint about everything and then fast track to seize the property when the building owner cannot handle it. If COPA is passed the building will fall into the hands of government backed and funded groups . Apartments will then be filled with people whose rent is also paid by taxpayers under the various handout programs. The City will suffer terribly because it will lose much needed affordable housing for working people as well as the erosion of the real estate tax base.
This is an extremely dangerous path with serious short and long-term consequences.
Taking private property so that the government and NGO buddies can buy it at fire sale prices is a classic socialist communist move.
The people really need to know this is what is happening here in NYC and it’s only the beginning.
And it must be stopped.
@OneCityRisingNY @katiewr31413491 @TheKvetcher @stick_dynamite @amkorchak @InnaVernikov @SpeakerMenin @galeabrewer @MarkLevineNYC @QnsBPRichards @FoilCorruption @FamilyHarlem @saveournabes @savetheuws @bradhoylman
Mamdani sparks tenant complaint crisis to 'squeeze' landlords and seize private property: critics trib.al/iu1L0TL
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I'm guessing @JohnRad15 is a carpenter like @unionGustavo is an electrician.
I'm a carpenter, but I've been in academia for sociology and got kicked out for being too anti-capitalist because it's a capitalism propaganda center. What they're saying is total crap. Academia is controlled opposition for capitalism, that is all it is.
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