I Will Run For Mayor Of NYC

This year's group of democratic candidates is a joke. I will run before the century is over.

I will run as a D, but I am secretly an R, fiscally.

I shall bulldoze every last housing project and sell the land to Extell and Related. We can have Hudson Yards' popping up all over the place. I will rezone every fricking neighborhood. I will put an end to rent regulation and the other silliness NYC has (80/20, Mitchell Lama, whatever).

Make the poor live in freaking' Jersey! Manhattan should be Monaco. That wealth will overflow into Brooklyn, Queens, and around The Grand Concourse in BX.

I believe it is the greatest and most important city in the world, but it could be a lot better.

What are some of your ideas?

 

Pretty sure this is a troll post, but I'll bite. Affordable housing absolutely kills me. You can bust your ass to make $ and pay market rent, and live next to people who work a fraction as hard as you and are only there because they're getting paid to be. I swear the government does everything in its power to support mediocrity and kill incentives to work. How about a little free market, where ya know... you live where you can afford to live (crazy, right?). And this doesn't even touch on rent control. An artifact of a law which has zero reason to still be around and by keeping supply down, ultimately fucks more people than it helps. Btw, good luck ever getting elected by taking these stances.

 
Best Response
FrankD'anconia:

Pretty sure this is a troll post, but I'll bite. Affordable housing absolutely kills me. You can bust your ass to make $ and pay market rent, and live next to people who work a fraction as hard as you and are only there because they're getting paid to be. I swear the government does everything in its power to support mediocrity and kill incentives to work. How about a little free market, where ya know... you live where you can afford to live (crazy, right?). And this doesn't even touch on rent control. An artifact of a law which has zero reason to still be around and by keeping supply down, ultimately fucks more people than it helps. Btw, good luck ever getting elected by taking these stances.

Right, so what is objectively right won't get the vote because people vote for what benefits them and not for what is right. Anybody else feel like Democracy isn't ideal? Or why don't Democrats and Republicans just split the country in half? Seriously. Wouldn't it be much easier to live in a state where the entire population is on the same page politically and runs the state however they want to?

"Mr. Perkins poses an extreme risk to the market when drunk."
 
RustyFork:
FrankD'anconia:

Pretty sure this is a troll post, but I'll bite. Affordable housing absolutely kills me. You can bust your ass to make $ and pay market rent, and live next to people who work a fraction as hard as you and are only there because they're getting paid to be. I swear the government does everything in its power to support mediocrity and kill incentives to work. How about a little free market, where ya know... you live where you can afford to live (crazy, right?). And this doesn't even touch on rent control. An artifact of a law which has zero reason to still be around and by keeping supply down, ultimately fucks more people than it helps. Btw, good luck ever getting elected by taking these stances.

Right, so what is objectively right won't get the vote because people vote for what benefits them and not for what is right.
Anybody else feel like Democracy isn't ideal?
Or why don't Democrats and Republicans just split the country in half? Seriously. Wouldn't it be much easier to live in a state where the entire population is on the same page politically and runs the state however they want to?

The blue states wouldn't fiscally survive.

 
AxionJaxion:
RustyFork:
FrankD'anconia:

Pretty sure this is a troll post, but I'll bite. Affordable housing absolutely kills me. You can bust your ass to make $ and pay market rent, and live next to people who work a fraction as hard as you and are only there because they're getting paid to be. I swear the government does everything in its power to support mediocrity and kill incentives to work. How about a little free market, where ya know... you live where you can afford to live (crazy, right?). And this doesn't even touch on rent control. An artifact of a law which has zero reason to still be around and by keeping supply down, ultimately fucks more people than it helps. Btw, good luck ever getting elected by taking these stances.

Right, so what is objectively right won't get the vote because people vote for what benefits them and not for what is right.
Anybody else feel like Democracy isn't ideal?
Or why don't Democrats and Republicans just split the country in half? Seriously. Wouldn't it be much easier to live in a state where the entire population is on the same page politically and runs the state however they want to?

The blue states wouldn't fiscally survive.

So fuck 'em then.

"Mr. Perkins poses an extreme risk to the market when drunk."
 
FrankD'anconia:

Pretty sure this is a troll post, but I'll bite. Affordable housing absolutely kills me. You can bust your ass to make $ and pay market rent, and live next to people who work a fraction as hard as you and are only there because they're getting paid to be. I swear the government does everything in its power to support mediocrity and kill incentives to work. How about a little free market, where ya know... you live where you can afford to live (crazy, right?). And this doesn't even touch on rent control. An artifact of a law which has zero reason to still be around and by keeping supply down, ultimately fucks more people than it helps. Btw, good luck ever getting elected by taking these stances.

I can't publicly take these stances. I will have to be a demagogue.

 
RustyFork:
FrankD'anconia:

Pretty sure this is a troll post, but I'll bite. Affordable housing absolutely kills me. You can bust your ass to make $ and pay market rent, and live next to people who work a fraction as hard as you and are only there because they're getting paid to be. I swear the government does everything in its power to support mediocrity and kill incentives to work. How about a little free market, where ya know... you live where you can afford to live (crazy, right?). And this doesn't even touch on rent control. An artifact of a law which has zero reason to still be around and by keeping supply down, ultimately fucks more people than it helps. Btw, good luck ever getting elected by taking these stances.

Right, so what is objectively right won't get the vote because people vote for what benefits them and not for what is right.
Anybody else feel like Democracy isn't ideal?

I agree with your sentiment. I think anyone who receives a penny from the government should be barred from voting. Guys like Bloomberg and Dimon also deserve more votes than Joe the plumber.

 
FrankD'anconia:

Pretty sure this is a troll post, but I'll bite. Affordable housing absolutely kills me. You can bust your ass to make $ and pay market rent, and live next to people who work a fraction as hard as you and are only there because they're getting paid to be. I swear the government does everything in its power to support mediocrity and kill incentives to work. How about a little free market, where ya know... you live where you can afford to live (crazy, right?). And this doesn't even touch on rent control. An artifact of a law which has zero reason to still be around and by keeping supply down, ultimately fucks more people than it helps. Btw, good luck ever getting elected by taking these stances.

In defense of affordable housing:

I'm located in Boston. I work downtown in the Financial District. I had been searching for an apartment that was both close my office (1st priority) and in a decent location. There was literally nothing in my price range (banking analyst). My office is surrounded by luxury high rises. The city of Boston does not want to drive people like me out of the city. I'm a young professional, potential high income earner, and have strong ties to the area.

I found an apartment that is part of the Boston Redevelopment Authority Affordable Housing program (http://www.bostonredevelopmentauthority.org/affordhousing/ah.asp) and am currently waiting on approval. Basically what the program does is it forces new building developers to either 1) allocate a % of apartment units to "Affordable Housing" (rent must fall within a certain band depending on the size of the apartment) or 2) pay a yearly fee to the BRA (the fees fund the program). Basically, since I fall in a salary range between $52,000 and $68,000 and have assets under $100,000, I should qualify for the apartment at a rent of ~$1500. It's still extremely hard to find these apartments (4 applications were put in within minutes on the one I am applying for), but the number is increasing as new buildings are put up (a lottery is held for new units).

I know everyone is ready to scream socialism and pity the poor property developers, but I think this program actually works (it has been successful in other cities), and that the explosion of luxury apartment living is a failure of capitalism. Without any incentive for developers to produce lower income range housing, you end up with huge class divides within the city (especially in places like Boston and NYC, where housing demands far outpace supply). The wealthy (and older) people live downtown, and middle class (younger) people are forced to move to the outskirts of the city or the suburbs. Under the BRA program, the building developers operate a small percentage of their apartments at a loss, but are free to charge what they want for other units. It doesn't seem to have slowed down housing development in the least, as there are still huge profits to be made (in that aspect, it is like a corporate income tax - you aren't going to deny yourself a marginal dollar of profit just because you will pay a portion in taxes). You still have ridiculous luxury apartments popping up all over the place, but the inhabitants aren't as unhealthily homogeneous.

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."
 

There is definitely some humor in a guy who isn't wealthy (and may not even work in the industry) talking about how he wants to run all the "poor" people out of NYC and turn it into a bland corporate wealthy worshiping city.

The city is so insanely expensive to live in. $70K is considered middle class, but it doesn't even get you a decent apartment as a single working professional.

You're just sitting there masturbating to the idea of some sort of corporate utopia.

 
TheKing:

There is definitely some humor in a guy who isn't wealthy (and may not even work in the industry) talking about how he wants to run all the "poor" people out of NYC and turn it into a bland corporate wealthy worshiping city.

The city is so insanely expensive to live in. $70K is considered middle class, but it doesn't even get you a decent apartment as a single working professional.

You're just sitting there masturbating to the idea of some sort of corporate utopia.

I am not wealthy yet. I will be. Why does that matter, anyway? If the market doesn't let me live in Midtown, so be it. (If we had a truly free market, and ridiculous unions didn't exist in this city, that wouldn't be a problem, anyway)

Furthermore, what is wrong with homogeneity?

You are damn right I don't want to live near a welfare momma and her gun-toting spawn.

 

I think this is why I have no other friends that want to be investment bankers. I'm pretty sure they all talk like this.

"Better to remain silent and be thought a fool than to speak out and remove all doubt." --Abraham Lincoln
 
TheKing:

There is definitely some humor in a guy who isn't wealthy (and may not even work in the industry) talking about how he wants to run all the "poor" people out of NYC and turn it into a bland corporate wealthy worshiping city.

The city is so insanely expensive to live in. $70K is considered middle class, but it doesn't even get you a decent apartment as a single working professional.

You're just sitting there masturbating to the idea of some sort of corporate utopia.

It is so expensive because it is not allowed to be a free market. The middle class (those guys earning 50K per annum, etc.) would have affordable housing without most of the silly democratic policies like absurd union wages, zoning laws, "affordable housing", projects, etc.

 
TheKing:

There is definitely some humor in a guy who isn't wealthy (and may not even work in the industry) talking about how he wants to run all the "poor" people out of NYC and turn it into a bland corporate wealthy worshiping city.

The city is so insanely expensive to live in. $70K is considered middle class, but it doesn't even get you a decent apartment as a single working professional.

You're just sitting there masturbating to the idea of some sort of corporate utopia.

Bro, it's free choice. Is it expensive living in the city? Sure. But no one is forcing people to make that decision. You don't want to pay for it- don't, live elsewhere (tons of people do). But here's what's beyond asinine. People busting their asses to make enough money to be able to live there, and then living in the same buildings as people who aren't making even close to that same sacrifice just because of some shitty government program. If you don't qualify for affordable housing, you may very likely end up paying MORE for an apartment of possibly LESSER quality, than someone who does qualify. You can't possibly see nothing wrong with this? The incentive is literally to make less money.

It's not about "running the poor out of the city". It's about letting people A) make their own choices, and B) do what they can afford. Let rents go where they want, if they get too high no one will pay them. This is literally high school economics. Anyway, I'm out of this convo because it's just gonna rustle jimmies.

 
AxionJaxion:
TheKing:

There is definitely some humor in a guy who isn't wealthy (and may not even work in the industry) talking about how he wants to run all the "poor" people out of NYC and turn it into a bland corporate wealthy worshiping city.

The city is so insanely expensive to live in. $70K is considered middle class, but it doesn't even get you a decent apartment as a single working professional.

You're just sitting there masturbating to the idea of some sort of corporate utopia.

It is so expensive because it is not allowed to be a free market. The middle class (those guys earning 50K per annum, etc.) would have affordable housing without most of the silly democratic policies like absurd union wages, zoning laws, "affordable housing", projects, etc.

Do you use the word "annum" in real life? You should stop and your luck with the ladies may shift!

"Mr. Perkins poses an extreme risk to the market when drunk."
 

Haha, "annum".

When a plumber from Hoboken tells you he has a good feeling about a reverse iron condor spread on the Japanese Yen, you really have no choice. If you don’t do it to him, somebody else surely will. -Eddie B.
 
Dhanam:

Find this guy incredibly ironic when he talks about the free market but when in reality he's going into medicine which is arguably the most over-regulated profession in America. Nowhere else in the world do doctors like AxionJaxion make nearly as much money, and that's because we have artificial supply constraints.

What kind of artificial supply constraints are there?

"Mr. Perkins poses an extreme risk to the market when drunk."
 

http://www.forbes.com/2009/08/25/american-medical-association-opinions-…

An excellent article (the title is a tad dramatic I admit) that answers your questions. I suppose 'artificial' is the wrong word - and it's more the result of industry lobbying - but either way it is not free market.

The author of the article is from the Reason Foundation - a right wing libertarian think tank - just as disclosure.

 
AxionJaxion:

Furthermore, what is wrong with homogeneity?

You are damn right I don't want to live near a welfare momma and her gun-toting spawn.

Umm, I'm middle class and was priced out of living in the city. You, a poor ass medical student, wouldn't be able to live in the city either. Also, I can think of a million things wrong with homogeneity, most importantly being that cities suck without young people.

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."
 

Aut tempore temporibus quis sapiente sint perferendis. Voluptas non vel esse fugit aspernatur ut. Ex et et ut quam illo. Repellat ipsa facere sint explicabo distinctio.

Non eius a soluta inventore omnis. Eos sequi deserunt eum repellendus ex debitis voluptas. Perferendis nostrum ut eius modi. Totam ipsa sed explicabo et dolorem.

Consequatur dolorem accusamus dicta quam ea. Esse ducimus unde itaque illum quia dolorem magnam. Omnis accusamus eius laborum earum perferendis rerum.

Array
 

Eum vel aliquam perferendis et beatae. Quas dolor sint quo. Magni dolorem quaerat impedit velit ipsum temporibus.

Saepe unde dignissimos necessitatibus perspiciatis. Repudiandae sint quis distinctio dolorem sint. Aperiam sed quis quasi reprehenderit. Culpa est amet magni eum quia eius tempore.

Nisi aut adipisci voluptas aut deleniti. Qui nisi nisi quia a ad architecto. Laborum similique dolorem earum doloremque ut facere voluptates.

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”