Why should government bail out people in housing crisis?

Halifax2TheMax said:

Lerxst1992 said:

“ We can’t afford to wait for the private sector to solve this crisis. Zohran will triple the City’s production of publicly subsidized, permanently affordable, union-built, rent-stabilized homes, constructing 200,000 new units over the next 10 years. ”

https://www.zohranfornyc.com/policies/housing-by-and-for-new-york

* The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

Does that plan include raising taxes that then depress home values? 

Halifax2TheMax said:

Lerxst1992 said:

Halifax2TheMax said:

Lerxst1992 said:

“ We can’t afford to wait for the private sector to solve this crisis. Zohran will triple the City’s production of publicly subsidized, permanently affordable, union-built, rent-stabilized homes, constructing 200,000 new units over the next 10 years. ”

https://www.zohranfornyc.com/policies/housing-by-and-for-new-york

* The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

Does that plan include raising taxes that then depress home values? 

It’s literally right there in the quote. “Affordable.” “City produces”

if those three words need to be explained, I’m starting to doubt attendance at all those shows in that signature. No chance that can’t be figured out but also can figure out how to get halfway around the planet at the same time a favorite band are also there at the same moment.

* The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

Talk about dishonesty. You and your fuzzy math.

You claimed that raising taxes leads to depressed home values. I’m sure all those folks living on Park and 5th Avenues will be fleeing to the low tax state of Flo Rida once The Bus Driver takes over and raises their taxes and builds new housing. Hell, you might even be able to buy a townhome or apartment at 1975 Ford Administration fall down go boom prices, seeing how housing costs are on the time-money continuum. Easy-peasy if you give up the Starbucks, streaming/subscription services, and waiting 30 years before dining out.

As per usual, when pressed for examples or to show your maths, you claim something else. Dishonest as the day is long.

Lerxst1992 said:

Halifax2TheMax said:

Lerxst1992 said:

Halifax2TheMax said:

Lerxst1992 said:

“ We can’t afford to wait for the private sector to solve this crisis. Zohran will triple the City’s production of publicly subsidized, permanently affordable, union-built, rent-stabilized homes, constructing 200,000 new units over the next 10 years. ”

https://www.zohranfornyc.com/policies/housing-by-and-for-new-york

* The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

Does that plan include raising taxes that then depress home values? 

It’s literally right there in the quote. “Affordable.” “City produces”

if those three words need to be explained, I’m starting to doubt attendance at all those shows in that signature. No chance that can’t be figured out but also can figure out how to get halfway around the planet at the same time a favorite band are also there at the same moment.

* The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

Talk about dishonesty. You and your fuzzy math.

You claimed that raising taxes leads to depressed home values. I’m sure all those folks living on Park and 5th Avenues will be fleeing to the low tax state of Flo Rida once The Bus Driver takes over and raises their taxes and builds new housing. Hell, you might even be able to buy a townhome or apartment at 1975 Ford Administration fall down go boom prices, seeing how housing costs are on the time-money continuum. Easy-peasy if you give up the Starbucks, streaming/subscription services, and waiting 30 years before dining out.

As per usual, when pressed for examples or to show your maths, you claim something else. Dishonest as the day is long.

“ Raising taxes with the goal to drive down housing prices. That’s that your hero’s goal, drive down housing prices?”

that’s the quote. I’d say do better when quoting someone, but socialism requires a foundation of dishonesty to thrive.

* The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

And yet you can’t provide one example of it having ever happened nor of that quote coming from The Bus Driver’s public policy. Why are you so dishonest with your posts?

From page 6 of this thread, your posts:

With that logic, buying a house is an enormous financial gamble, if the folks who now want to raise taxes to depress the markets had the political durability to implement lasting change.

the result? Outrageous increases in housing and stock markets. Sure we can build now, but building is expensive also. So let’s raise taxes to make housing more affordable! The instant you buy is the moment most will stop voting for that. It’s just not sustainable.

Raising taxes with the goal to drive down housing prices. That’s that your hero’s goal, drive down housing prices? Feel free to Substitute “significantly lower prices” for depress. Do you own a home? If Mamdani were to put significant public housing development  next door to you, would that significantly lower the value of your home? Not forming opinion in that, just curious if basic economics exists there.

And here’s the full copy of the paragraph that you selectively edited when you posted the link from The Bus Driver’s campaign website:

We can’t afford to wait for the private sector to solve this crisis. Zohran will triple the City’s production of publicly subsidized, permanently affordable, union-built, rent-stabilized homes, constructing 200,000 new units over the next 10 years. Any 100% affordable development gets fast-tracked: projects like the 200 deeply affordable units at West 108th Street, the 175 affordable units above the new Inwood library, and the 500 affordable units on the site of the long-vacant Greenpoint Hospital will no longer take years to get approved.

We’ll also double the money we’re spending to preserve public housing, and fully fund and staff our city’s housing agencies so we can actually get the work done.

Nowhere does it say, “we’re going to raise taxes to decrease the cost of a home, depress the housing market to make homes more affordable or build so many homes that the costs of a home across the board will come down so people can afford them” or any other similar type of made up fear mongering nonsense you’ve made up in your head with the assistance of AI. Dishonesty at its finest.

* The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

Lerxst1992 said:

Halifax2TheMax said:

* The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

Is that a shadow quote? Wow, afraid to back up their made up fear mongering claims because "raising taxes" does not "'depress' the value of a home, 'decrease' the cost of a home, nor 'reduce' the cost of a home or 'drive down' housing prices or 'make housing more affordable'". None of which is The Bus Driver’s claim nor plan. But you knew that, eh, shadow quoter?

My property taxes go up every three years along with the value evaluation provided by the city’s third party, property tax evaluation services provider, sometimes minimally, sometimes substantially, to which the appeals process is a waste of time. You should see all the vacant, empty houses I’m surrounded by. 

Meanwhile, my home’s market value has increased every year since I purchased it, except maybe in 2008-2009 during the mortgage banking crises when it may have remained flat. Shocker, I know.

Hopefully you understand he knows the 200,000 new units he is wanting  to build are nowhere near enough to solve the rent and housing crisis in the city? He is looking to increase cheaper supply subsidized by the govt to drive down prices overall on the market. Obvious, no?

* The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

* The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.