Zohran Mamdani Appreciation Thread

  • Thread starter Thread starter JDs Couch
  • Start date Start date
Screenshot 2026-04-19 103254.jpg
 
JamesTiberiusKirk said:
The break in logic I see is between your second and third point.

  • NYC's new tax deincentivizes them from investing in new properties there.
  • No one is investing so developers stop developing new properties because they don't sell.
You've jumped from being disincentivized to 'no one'. Which is like saying raising the prices of Les Pauls by $100 (or whatever the figure would be if you applied the tax to the price of a Les Paul) means no one will ever buy a Les Paul. I have to disagree with you there.

Those dwellings will always have a market. As will Rolex and Bugatti and etc. IMHO and all that.
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That's playing semantics with wording. The point was propery development and investment markets significantly slow down. Wether development or investment, it has to be financially profitable. If investing in NYC doesn't make financial sense then investros won't invest. Higher taxes deincentivises investments. If interest in new propery drops, developers won't be developing. Sure there can always be a market, but if you squeeze out everyone but the upper echelon it becomes a very limited market. Even for the upper echelon, if it doesn't make financial sense they won't be interested either. All that money they would bring starts walking away before it even gets there.

I don't know about how a Bugatti holds its value where it'd be an investment.
Rolex from what I know can be an investment and grow in value. So to use your Rolex example. Let's just say the gov't imposed a Rolex tax. You now had to pay a yearly tax on every Rolex watch you owned. That would deincentivise people from buying a Rolex; new or otherwise. People would switch to some other brand. Sales drop for Rolex. Rolex would either downsize production, or workforce, or increase prices or all of the above to maintain profits. This would affect eveything down the line involved with rolex from production, to workers, to business who sell/maintian Rolexes, etc in a negative way. See the parallels and where I'm going with this?

Yeah, there will always be a market for property investment as there would be for expensive watches. When it's no longer financially sound to buy/invest in a certain area or own a specific brand of watch people will bring their money [and everything else] elsewhwere.
 
Geo said:
I have lived in both and wouldn't live in either, but remember the communist is just getting warmed up. The slow boiled frog approach is under way.
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The entire North East is a couch sewer system. Why people put up with this is beyond me.

Problem is where to you run to
The SE is inundated with NE people running.

I was actually thinking about the Litte Rock area. Have a few more yrs here before everyone close to me dies off, i retire and my daughter leaves for college

Then im out of here with or without the Mrs.

She's too attached to this shit
 
70 Mach 1 said:
The entire North East is a couch sewer system. Why people put up with this is beyond me.

Problem is where to you run to
The SE is inundated with NE people running.

I was actually thinking about the Litte Rock area. Have a few more yrs here before everyone close to me dies off, i retire and my daughter leaves for college

Then im out of here with or without the Mrs.

She's too attached to this shit
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A 90 minute drive west and you can lower your property taxes by 70%, have clean air and drinking water and live on an acre of property in a house that's not that old.
 
Geo said:
A 90 minute drive west and you can lower your property taxes by 70%, have clean air and drinking water and live on an acre of property in a house that's not that old.
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Yeah I thought about the Carlisle area or just west of Harrisburg.

When i take my daughter to Lancaster every summer we drive up and around that area.

Lots of trucks to deal with but nice driving and better taxes

But its still a dem flip flop state
 
70 Mach 1 said:
The entire North East is a couch sewer system. Why people put up with this is beyond me.

Problem is where to you run to
The SE is inundated with NE people running.

I was actually thinking about the Litte Rock area. Have a few more yrs here before everyone close to me dies off, i retire and my daughter leaves for college

Then im out of here with or without the Mrs.

She's too attached to this shit
Click to expand...

Problem is, the Commie side fights with NO rules, and the RepuliCucks believe they have to follow the "rules" AND fight with both hands tied behind their backs....if they fight at all. The opportunity is there, but they won't take it. All of the ring leaders of the failed Dim Witchunts of the last 10 years should be awaiting trial (someday....no rush) at Alcatraz. :mad:
 
MadAsAHatter said:
That's playing semantics with wording. The point was propery development and investment markets significantly slow down. Wether development or investment, it has to be financially profitable. If investing in NYC doesn't make financial sense then investros won't invest. Higher taxes deincentivises investments. If interest in new propery drops, developers won't be developing. Sure there can always be a market, but if you squeeze out everyone but the upper echelon it becomes a very limited market. Even for the upper echelon, if it doesn't make financial sense they won't be interested either. All that money they would bring starts walking away before it even gets there.

I don't know about how a Bugatti holds its value where it'd be an investment.
Rolex from what I know can be an investment and grow in value. So to use your Rolex example. Let's just say the gov't imposed a Rolex tax. You now had to pay a yearly tax on every Rolex watch you owned. That would deincentivise people from buying a Rolex; new or otherwise. People would switch to some other brand. Sales drop for Rolex. Rolex would either downsize production, or workforce, or increase prices or all of the above to maintain profits. This would affect eveything down the line involved with rolex from production, to workers, to business who sell/maintian Rolexes, etc in a negative way. See the parallels and where I'm going with this?

Yeah, there will always be a market for property investment as there would be for expensive watches. When it's no longer financially sound to buy/invest in a certain area or own a specific brand of watch people will bring their money [and everything else] elsewhwere.
Click to expand...
I used Rolex and Bugatti as examples of expensive things that sell EVEN WHEN the price goes up. (Veblen goods) If the price of ownership of a luxury apartment goes up a few percentage points, it's not going to affect the market. Those people who can't afford the small increase can't afford the place (or item) in the first place.

And, the only place you can own a NYC penthouse, is in NYC. Sure, a penthouse in Wisconsin might be 1/10 the price but it's 1/10 the price BECAUSE it's in Wisconsin. A $5M apartment in NYC is that much because of the location.

Anyhow, time will tell which of us is correct.
 
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