If Ramamdani wins NY election, how will deal flow change?
As title says, if Ramamdani wins the NY election, how will deal flow change? Any insights would be appreciated.
Trending Content - Off Topic Forum
| +29 | SpaceX IPO - what are your thoughts | 5 | 11h |
| +27 | Should I use Claude or chatgpt? | 14 | 6h |
| +21 | Funny Things to Say to Interns | 6 | 3d |
| +17 | How did you meet your significant other/partner? | 13 | 8h |
| +17 | London's future as a financial centre | 18 | 1d |
| +9 | Top 5 Artificial Intelligence Software Development Companies | 0 | 22h |
| +9 | Study in Europe and How to Pay Tuition Fees in Europe | 1 | 22h |
| The Great Debate | 8 | 9h | |
| +7 | E ink/electronic notepads | 4 | 9h |
| +7 | Test post will be deleted automatically. | 11 | 15h |
Career Resources
It won’t unless you’re talking about NYC real estate market.
Literally nothing will change lol. Everyone’s freaking about how Zohran wants to raise taxes, when NYC income tax is set by Albany.
NYC could elect a pet rock as mayor and it wouldn’t impact IB deal flow.
We had a similar situation with the Anchorage mayoral election but deal flow wasn't changed. We went from an average of 0.6 deal per year to 0.59, but I think that was because the polar bear attack of '16 scared off the bankers who were visiting
I love how someone threw MS and marked "inaccurate" - you should know better. The polar bear attack happened in '18
None, he's a local politican whose main policies frankly do not impact much for any of us outside those that work in NYC real-estate. Yes taxes might increase, but it's already extremely high anyways in NYC, so it won't do much to change decision making calculus for people since they could already leave to cheaper tax states but choose not to. There might/might not be more housing being bulit and lower prices, which will help the junior banker population COL wise.
Also why purposefully spell his name wrong? Just weird move given how prominent he has become in news.
He’s an isis/hamas/terrorist/muslim simp and is gunna wreck the Jewish population, make crime worse, raise taxes even more and gut the city. How can people be so stupid electing this jerk off?
One can only hope
Yeah you weird for that
Jews are safer in america than in israel lol and that won't change with momdani
Believe it or not, it’s safer in Israel since you’re surrounded by an army of Jews, Christians, and Druze that are always on the look out for terror attacks. Jerusalem is the one place I’ve felt not safe/on extreme edge but that was only when I came near the Arab quarter or East Jerusalem. The rest of the country I’ve never felt safer because all of us were on watch regardless of you were in the army or not.
+7000 Shekels
Good goy
DEL
Barely voting age gentrifying “progressives” so used to having their lives in Bushwick and Williamsburg subsidized by their parents that they can’t understand why shaking other “rich” people down for money isnt a viable way of structuring an economy.
“The problem with socialism is you eventually run out of other people’s money.”
-Margaret Thatcher
How is this not an equal criticism of every other group in American politics right now?
Maybe, just maybe, people don't want an outright crook like Cuomo running the city. Or a complete lunatic like Sliwa.
And since you don't even have the basic knowledge to know the mayor doesn't have any power to increase taxes, it's a little presumptuous of you to take others to task about not understanding how government or economics works.
Y’all better get ready to commute to your firms’ new Greenwich offices.
deal flow goes straight to 0 in first day and lasts forever (like a sort of Ice Age, but for finance)
then everyone is laid off and forced to work in one of Mamdani's recently built factories registered under a Cayman HoldCo called Proletariat LLC
the future is red but bright comrade
Who is Ramamdani?
Quality of life has been tanking in NYC since the late 90s. It will continue too. The finance world won't be impacted.
Hopefully it picks up. Having a mayor who isn't corrupt or a lazy idiot? That's a win.
Mamdani can't actually change anything that would matter to Wall Street. He cannot raise taxes. A rent freeze doesn't impact financiers, if he even does it for 4 years. Free buses? It's not like you take the bus anyway. A single city owned grocery store per borough? Yeah, that'll be massively consequential!
He's not a terrorist. He has to work with Albany for essentially any structural change. The biggest issue with him winning will be the Trump Administration using it as an excuse to steal yet more money from New Yorkers and give it to whatever fentanyl-addled redneck he thinks he can bribe to keep voting for him.
Can someone explain to me what the actuals power of NYC mayor really are? I understand mayors can control budgetting and planning, not "force" any sort of regulations so essentially he couldn't really change anything on wall st even if he wanted.
Why's' bill hackman having a public meltdown all over my timeline then?
He’s an anti-Israel, antisemitic terror-sympathizer with no experience whatsoever whose only policy proposals are poorly borrowed Marx and Lenin.
Someone who refuses to condemn the phrase “globalize the Intifada,” who cavorts with a co-conspirator in the 1993 WTC bombing, who wants to defund the NYPD (including the major crimes unit that responded to the Blackstone shooting several months ago) has absolutely positively no business being mayor of NYC.
Edit: Just to head off anyone who tries to portray me as somehow “Islamophobic,” shove it. Some of my best friends are Muslim (Arab, Pakistani, Indian, etc.) and they all agree with me. I couldn’t care less what your religion is, and am all for having a mayor who is Muslim, Jewish, Christian, Atheist, Buddhist, or whatever. My concern is what you use your beliefs to justify, and I personally believe that evidence shows Mamdani to be sympathetic to certain ideologies in the Islamic world (again, in no way representative of the vast majority of decent Muslims), that I know personally deprived people in this industry of friends and loved ones just over twenty years ago).
Forgive my ignorance but.. why does Israel HAVE to be at the centre of everything in American politics? This is a mayoral candidate after all.
I'd hate to break it to you but anti-Israel/pro-Palestine activism has come out into the mainstream and become more agreeable than you think (based on how you're framing it). He's a young guy, and the majority of young people hold the same views. They're more nuanced than just antisemitic I'd say. I'll admit, I don't know much about his religious leanings, except that he is a Shi'ite Muslim who seems to have a pretty secular pro-LGBT lifestyle. So what's really dangerous about him (aside from being mean to Israel)? The rent control/defunding the police ideas are nuts for sure, but as far as others have said, I don't think he has any power to actually do any of it
Also, did the former governor who's going head-to-head with him REALLY go after his sexual assault survivors and asked the court for their gyno records? This is a much bigger concern imo..
Yes he will not raise income tax himself - however the mayor has a lot of power with NYPD / NYFD.
What an absolute clown. I genuinely hope NYC goes to absolute crap under Mamdani so that the rest of America can see exactly what happens when an America-hating socialist is elected into office. It'll serve as a pretty good warning bell that the Republican Party can keep ringing for the next 1-2 decades
As someone who is from an Asian country and a naturalized citizen of the U.S., I genuinely don't understand how someone like Mamdani was even granted citizenship. It is clear he not only doesn't love America but actively hates it
.
The foreign-born vote is what's making him a clear winner IMO - I think the support he has there is around 60%. The make up of NYC / the country has changed a lot. Between that and white liberals, it's tough to beat. I can understand the appeal of some of his policies on paper, however there are a few things I wouldn't be able to overlook some of which mentioned above.
More surprising to me though is the Jewish support for Mamdani. Just crazy to me lol
Guarantee this doesn’t happen. Just like the myth of wealth diaspora after tax increases. The data proves otherwise.
Arresting Netanyahu is supposed to be a bad thing ???
Deal flow doesn't care who the mayor is... All I can say is that it's wild for NYC, the city that suffered 9/11, to elect a Muslim that regularly shits on the US, is close friends with popular figures who say "the US deserved 9/11", and comes from a family that rails against the country so hard they'd make Al Qaeda blush. Whatever happens NYC will get what it deserves.
Yeah that's surprising to me too. NYC, the city that suffered through 9/11 and is the global center of finance, is electing a communist muslim...it's almost like an onion article. People are quick to forget I guess. Looking through the voter data, most of his supporters look too young to remember 9/11.
What else do you expect from over-educated ideological trust-fund kids who have no idea how the real world works? They'll come around once the shelves are empty.
I mean it happened in London too I guess... nothing shocks me anymore. We're living in a simulation and the overlords are about to throw the Western world through a 16 y/o girl's SIMS torture run.
I did see yeah, overwhelmingly young people. Can't "never forget" if you weren't there.
Who cares if he's a Muslim? And he's not a communist, he's a socialist, though even that is debatable. I'm not sure how any of these labels even matter any more - I'm sure Donald Trump wouldn't describe himself as either a communist or a socialist, despite his push for government ownership of industry.
Love how you cannot even muster a single complaint about him except the obvious specious argument that all his supporters are "trust fund kids". He garnered nearly 200,000 more votes that Cuomo. If every "trust fund kid" in the city had stayed home, he'd still have won comfortably.
Wasn’t even close.
Good to see that New Yorkers can see right through all of the corny scare tactics from billionaires and identity politics from right wing race baiters. Nobody outside of your drunk uncle or basement dudes who call women “females” believes that shit or really even cares.
It was none of that. How anyone in commercial real estate can see anything positive in this boggles my mind.
Because I can think outside of my profession?
Rent controls aren’t long-term effective. I don’t agree with them. But good lord man, my philosophical objections to the strategy don’t really mean anything to people who can’t pay rent.
Veritatis nesciunt placeat incidunt vel itaque. Maiores natus omnis corporis ullam. Consequatur non qui voluptatem quia. Fuga adipisci officiis nesciunt molestias sint fugiat optio. Autem cum et nulla. Ad non saepe enim impedit magni corporis perspiciatis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Pariatur odit eius repudiandae eum. Ut dignissimos quod natus veritatis. Aut consequatur eaque velit totam.
Ab sunt ut repellat et enim. Possimus error velit quam nisi est et.
Officiis sit nihil occaecati et illum. Quo et perspiciatis corporis et ut. Eius quae molestiae saepe nostrum perferendis quasi. Consequatur modi et possimus quia ut voluptatum. Et sit odit sint quis reprehenderit sapiente ullam. Mollitia in nostrum saepe omnis modi cumque.
Quasi voluptate itaque error. Illo laboriosam ea facilis quibusdam rem aut. Est nemo necessitatibus quas vel explicabo.