NYC Council Member Wants City to Take Over Distressed Properties

https://therealdeal.com/2020/09/03/brad-lander-ca…

Read about this today, apparently the guy wants to avoid a "feeding frenzy" from private developers. What do you all think? Is there any merit to what he's saying? Or is he commie, who hates America and capitalism? 

3 Comments
 

Agreed, the gov't shouldn't play a bigger role than the one it already does. Honestly, if the city stayed out of the way, NYC might be more affordable. The same goes for cities like SF. I won't be surprised if one these commies suggest land should be owned by the city, and they make gulags for anyone who doesn't agree with them. This is 15-30 years out. On a more serious note, I understand some limits have to be placed, there is such a thing as too much capitalism, but to cripple private businesses in your city is absurd.

 
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