Lu Zwei wrote:
OrthodoxEaster wrote: Sat Nov 29, 2025 11:13 am
But signs are pointing to just another politician making promises he either can't or never intended to keep. Or, more charitably, getting molded by the system.
Comrade, this is peak level cynicism and reserved for the status quo assholes. I hold you in higher regards.
You're not skeptical of overly charismatic but inexperienced politicians who—in the kind of language usually reserved for televangeleists—tell you
exactly what you want to hear? But, when pressed, typically only offer vague ideas of how they might accomplish these things?
In my experience (Obama, De Blasio), this tends to end w/disappointment.
I personally prefer my politicians to be policy-focused, precise, and boring. Which, I realize, isn't a very popular stance in 2025.
llllllllllllllllllll wrote:
I don’t know, it seems like you spun out and made a few posts over an article.
What developers think Mamdami is going to be good for them? I’ve looked around a couple times now and it seems like the only real estate guys happy about that election are smug chuds in Florida.
I was an Obama-bro excited about his new presidency after eight years of George Bush, two wars, and a financial crisis, yes. I was also radicalized against liberals by the end of his first term. I should stop voting for them actually.
That NYT piece made some valid points. The guy was charming Trump (!?) and they found some common ground over real-estate development in NYC and the cops. And Trump apparently liked the fact that Mamdani flew instead of taking the train. You could even say it looked a little like they bonded over that stuff. Mamdani has been trying to distance himself from it now, but...
Personally, I was skeptical of Obama. B/c like Mamdani, he talked a good talk but seemed vague.
Nobody likes a know-it-all but I also didn't believe our prior mayor De Blasio, who, like Mamdani, also used taxing the rich as a solution to everything but had no power to actually do so.
And had a history of calling himself a "democratic socialist," even physically and materially supporting the Sandinistas in Nicaragua. Not as bad as Adams, but De Blasio turned out to be a shitty mayor. The rich got richer and luxury developments soared.
(Voted for all three of these people, by the way.)
The developer thing is tricky and a little bit inside baseball. You've got to know NYC and its real estate history and weird laws. I explained it somewhere above a little bit. Nobody outside of the city will give a damn about it. It's boring as fuck and
very complicated, so grab a snack.
Basically, you're correct, in that initially, developers were pissed about Mamadani. Buuuuut.... then he went and said he'd support a bunch of measures that removed an important guardrail against overdevelopment w/o community input. Initially, he had no stance. But then he took a disappointing turn, I'd like to think more out of naive idealism rather than kowtowing. But kinda made it sweet for them in the end.
Like I said above, on paper those ballot measures look
good. Some are designed (in theory, if not in practice) to facilitate "affordable" and "modest" housing. But here's the rub: "Affordable" and especially "modest" housing in NYC are
not low-income or public housing. These are not the same as housing projects for poor people. In many cases, they're not even majority middle-class buildings. And these buildings have been springing up (and ruining the city and its housing market, instead of helping it as "intended") everywhere for decades, much to developers' glee. Now, it'll be easier to do that than ever.
Too often—under mayors De Blasio, (especially) Bloomberg, and Giuliani—"affordable" buildings are used as a loophole by developers. They take a park or a lot, build a glass high rise, toss in a handful of "affordable" units (sometimes even w/their own elevator, so the people paying market rate don't have to mingle w/the commoners who won the housing lotto), and sell the rest of the units at full value. I have two friends—a successful photographer and a programmer—who live in such units.
This is a very old trick. And it's been done to death in NYC. And this is what Trump was talking about at the White House when he praised Mamdani's stance on development and real estate in NYC.
New York Times wrote:
Mr. Trump said he was surprised to learn that Mr. Mamdani wanted more buildings to be developed in New York. “If I read the newspapers and the stories, I don’t hear that,” he said.
What Mamdani is endorsing means the developers now don't even have the pesky City Council (who, way more than the mayor's office and developers, tend to be more focused on their community's needs) standing in the way. It's a system that gives more power to the mayor and developers, and less to the City Council and community groups.
It's paywalled, but here's an excerpt from the Wall Street Journal. Note the Mamdani section, about halfway down. What this means is that he's throwing developers a lifeline and making it easier for them.
You're forgiven for not caring—again, this is a local issue, but an important one—but he should have just left it alone or given it more thought:
WSJ wrote:
New York City housing developers were downbeat Tuesday after democratic socialist Zohran Mamdani became their next mayor. But election night also delivered the industry a major victory with the passage of three ballot measures that should ease city approval for new developments.
Voters approved a measure that would make it much harder for a single city-council member to block new housing projects. That process has caused many housing developments to be long delayed or even shut down.
New York voters also passed two proposals to speed up the approval process for affordable housing and modest projects. These measures streamline the public review period and, in some cases, bypass the City Council’s vote....
For real-estate executives, the new measures take some of the sting out of Mamdani’s mayoral win. They opposed his plans to raise taxes on companies and the wealthy, and to freeze rents on the city’s rent-stabilized apartments. Developers say that would discourage any new investment or spending on maintaining existing units.
“I disagree with Assemblymember Mamdani’s approach to growth and housing economics,” said Jared Epstein, president of real-estate investment and development firm Aurora Capital Associates. But the pro-housing measures, he added, could provide “guardrails that keep much of the affordable pipeline moving.”
Mamdani didn’t initially endorse these ballot measures but said on Tuesday that he voted for each of them.
Some of his campaign proposals would complement the changes and boost their impact, like his plan to open up more city-owned land for housing...
The most contentious of the three measures will remove a City Council member’s ability to single-handedly block a new housing project in their district, an unofficial practice called “member deference.”