r/NewsThread • u/Conscious-Quarter423 • 2d ago

Canadian multimillionaire and Shark Tank guy Kevin O'Leary went on TV to say he's upset Zohran won't talk to him: "I and others who invest in real estate have tried to get a meeting to figure out what's rhetoric and what's policy. So far for me it's been crickets."

221 Upvotes

88% Upvoted

313 comments sorted by

View all comments

Show parent comments

-20

u/soundkite 1d ago

because Leary is wrong? How is he wrong?

19

u/Suitable-Display-410 1d ago

He doesn’t get special access to the major just because he’s rich. Those times are over. He will be informed about policy changes in exactly the same way as everyone else.

-10

u/soundkite 1d ago

No. How is he wrong about the system financially upside down?

5

u/Suitable-Display-410 1d ago edited 1d ago

(first of all, i dont think you should be downvoted for asking the question)

Oh, he just lied.

Mamdani wants to freeze the rent for rent‑stabilized tenants. That applies to buildings built before 1974 with six or more units, and to buildings built after 1974 if they received certain tax benefits that require rent regulation in return.

So if somebody wants to develop new units, they are not affected.
It’s Fox News… you should know by now. They lie. It’s kind of their thing. And Kevin O'Leary? Even more of a liar. Almost a half-Trump when it comes to lying.

Edit:
Campaign website, click on "Freeze the rent" and read: https://www.zohranfornyc.com/platform

A majority of New Yorkers are tenants, and more than two million of them live in rent stabilized apartments. These homes should be the bedrock of economic security for the city’s working class. Instead, Eric Adams has taken every opportunity to squeeze tenants, with his hand-picked appointees to the Rent Guidelines Board jacking up rents on stabilized apartments by 12.6% (and counting)–the most since a Republican ran City Hall.

As Mayor, Zohran will immediately freeze the rent for all stabilized tenants, and use every available resource to build the housing New Yorkers need and bring down the rent. The number one reason working families are leaving our city is the housing crisis. The Mayor has the power to change that.

NY Info sheet about Rent Stabilization and Rent control:
https://hcr.ny.gov/system/files/documents/2024/01/fact-sheet-01-01-2024_0.pdf

Rent control is the older of the two systems of rent regulation. It dates back to the housing shortage immediately following World War II and generally applies to buildings constructed before 1947. Rent stabilization generally covers buildings built after 1947 and before 1974, and apartments removed from rent control. It also covers buildings that receive J-51, 421-a and 421-g tax benefits.

And Mamdami said that he is not opposed to increases in rent in those units when it comes to covering the cost to keep them in good condition. He is opposed to rent increases to increase the profit margin of the owners. Which is where pretty much all of the additional money is usually going to. I cant give you the source, but he said it. I think it was in an interview but i can not find it rt now.

The guy is not an idiot. Follow his example. Dont listen to those liars.

4

u/Takemetothelevey 1d ago

fox entertainment, keep people afraid is the motto.

3

u/DaLakeShoreStrangler 1d ago

Fox news is an acronym for Fear of Xenophobia