alt Hacker NewsMamdani 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).
Replies
garbawarb • yesterday at 8:10 PM
How will he do that?
Even if (a big ‘if’) that’s true, how is stock being destroyed? Investment returns maybe, but not supply.