“THE MOST EXPENSIVE MAGIC TRICK IN AMERICA. AND THE THING THAT DISAPPEARS? IT’S YOUR HOME OWNERSHIP:”

Everyone’s yelling “communism” about Mamdani’s housing plan. They’re missing the actual trick.

His own plan says the city will “engage lenders to trigger foreclosure” on landlords.
I’ve done real estate 20 years. Here’s what that means: they let the building go distressed, force… pic.twitter.com/uD4Kh51004

— Ramin Ekhtiar (@raminrealtalk) June 2, 2026

UPDATE (from Steve): The plan was obvious just as soon as Mamdani announced it.

So the first step is to incentivize neglect via rent control. A few steps later, you "transfer ownership" to your cronies. And then you're just a couple more steps away from "some animals are more equal than others." https://t.co/1L2sjKgRml

— Stephen Green (@VodkaPundit) May 26, 2026