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Bill de Blasio: 'We Will Seize Their Buildings, and We Will Put Them in the Hands of a Community Nonprofit'

NYC's mayor takes on private property (again).

Richard B. Levine/NewscomRichard B. Levine/NewscomFresh off proposing yesterday that private employers be required to provide their workers with 10 days of paid vacation, New York City Mayor Bill de Blasio set his sights on a new target: property owners.

During his State of the City Address, delivered Thursday, de Blasio warned that the city will take action against landlord abuse, even if that means seizing private property.

"When a landlord tries to push out a tenant by making their home unlivable, a team of inspectors and law enforcement agents will be on the ground in time to stop it," the mayor said. If fines and penalties don't do the trick, then "we will seize their buildings, and we will put them in the hands of a community nonprofit that will treat tenants with the respect they deserve," he added.

But surely city officials won't have the time to find and punish each one of the city's bad landlords, right? Wrong. That's because de Blasio is creating a new agency devoted solely to landlord abuse: the Mayor's Office to Protect Tenants.

"The city's worst landlords will have a new sheriff to fear," de Blasio said, calling the new agency (which he created on the spot by signing an executive order) a "new arm of city government that will root out the worst landlord abuse."

As the New York Daily News notes, the city already has an Office of Tenant Advocate. However, it has not yet been funded, according to the Progressive Caucus of the New York City Council.

So what will the Office to Protect Tenants do? De Blasio didn't really explain, though his executive order says it will serve as a "central resource for tenants, social service agencies, advocacy organizations, legal services providers, landlords and management companies of affordable housing, and others on tenant issues," including "tenant harassment."

According to his office's website, De Blasio is "pursuing new local law to seize upwards of 40 of the most distressed multiple dwelling buildings annually and transition them to responsible, mission driven ownership." Passage of this legislation would presumably give the Office to Protect Tenants the authority to seize land.

This is really nothing new for de Blasio, who basically told New York magazine in 2016 that he does not believe in the right to private property. "I think people all over this city, of every background, would like to have the city government be able to determine which building goes where, how high it will be, who gets to live in it, what the rent will be," he said. "Look, if I had my druthers, the city government would determine every single plot of land, how development would proceed. And there would be very stringent requirements around income levels and rents."

There are a host of problems with this mindset, as Reason's Scott Shackford detailed at the time. But it all boils down to this: Politicians like de Blasio want to control what other people do with and on their own property. If landowners don't listen, then there's a simple solution: Seize their land.

This sort of thinking doesn't work out in real life. Look no further than an existing New York City program meant to provide affordable housing. The Third Party Transfer (TPT) Program supposedly lets nonprofit groups buy "distressed vacant and occupied multi-family properties," then rent them out to people in need of a relatively cheap place to live. But longtime property owners have complained that the city has seized their homes over unpaid city debts.

Consider retired nurse Marlene Saunders, for instance. She nearly lost her house, a completely paid-off brownstone worth upward of $2.2 million, over an unpaid water bill of less than $4,000. It was only after her local councilman stepped in that the city decided to let Saunders keep it.

The mayor's announcement today doesn't mean that program is going away. In fact, the mayor will actually look to expand the TPT program to meet its goal of seizing more land, according to Crain's New York.

It's worth noting that the worst landlord in New York isn't even a private landowner. In December, then-NYC Public Advocate Letitia James, who's since been sworn in as attorney general of New York State, put the city's own housing authority at the top of her "2018 NYC Landlord Watchlist."

De Blasio may have been alluding to this today when he said the Office to Protect Tenants "will hold every city agency…accountable for protecting tenants." Still, it's ironic that the mayor wants to seize private property when the real problems are happening in city-run buildings.

Photo Credit: Richard B. Levine/Newscom

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  • Don't look at me!||

    I wonder if NY is one of the forward thinking progressive cities the rev is always on about.

  • Last of the Shitlords||

    Yes.

  • Crusty Juggler||

    the city decided to let Saunders keep it.

    Our betters are so benevolent.

  • Fist of Etiquette||

    I think people all over this city, of every background, would like to have the city government be able to determine which building goes where, how high it will be, who gets to live in it, what the rent will be...

    He's probably right.

  • Don't look at me!||

    Nobody wants all the stress involved with thinking and making decisions for themselves.

  • Fist of Etiquette||

    But there's little stress in making decisions for others.

  • mpercy||

    As long as they're on the receiving end of the largess.

  • Ray McKigney||

    If anyone deserves to get it good and hard, it's New Yorkers.

  • Last of the Shitlords||

    I really hate them.they vote in overwhelming majorities to put oriole like Schumer, DeVlasio, Cuomo, Clinton, AOC, Weiner, and so many other monsters into office. They bitch, they whine, and act like NYC is the center of the fucking universe. Then brag how tough NY'ers are so tough.

    They're not tough. NY'ers are the biggest crybaby pussies around. I hope their communism destroys them.

  • An Non||

    Of course, expect them to change their minds once they discover that the last two are, roughly, 'not you (if you actually want to live here)' and 'too much (for any location we will let you live).'

    NYC is too expensive to live in, unless you're part of the 1% or poor enough the city's political machine will make sure you stay as bought votes.

  • Ryan (formally HFTO)||

    "The Third Party Transfer (TPT) Program supposedly lets nonprofit groups buy "distressed vacant and occupied multi-family properties"

    Why not just call it the "Third World Transfer (wealth redistribution) Program" and let all the illegal immigrants live there on taxpayer dollars?

    Keep pretending this globalism is going to work hand in hand with western civilization.

  • Flinch||

    Sounds like non-profit groups are pretty profitable: give away 10% each year and rob the rest with "expenses". Try making 90% in the stock market year in, year out - it's mighty tough, and if you do get that good, people start shadowing your trades and figuring out how to front run you which tends to break a house of glass. I'm thinking it's time for an overhaul of RICO laws.

  • Ride 'Em||

    Nonprofit is a misnomer. It is not that it can't make a profit just that you don't have stockholders or owners who are making a profit from the organization. But you can have highly compensated "employees" like Sharpton.

  • Benitacanova||

    Don't forget the "free" health care he's handing out.

  • CDRSchafer||

    It's free as long as you can get a doctor to accept low reimbursement in New York City, so if you like inexperienced doctors in scary, non-Manhattan areas, you'll be fine.

  • Dadlobby||

    You have to understand "honest graft" in NYS. Elected guvmint officials (state and NYC) can't hire their relatives like they used to (bad for re-election), so they overly tax citizen's and then give the money to "do good" in your community (you can't figure out what you need locally, they decide). The non profits are all run and staffed by their relatives, cushy 6 figure salaries and benefit packages with no accountability that they actually do what they say they do. When the work isn't done, they appoint a committee to oversee the "problem" (they put their donors here). Elected guvmint official than gets to argue for votes for funneling money into the home district ) overlooking the fact that it was your money in the first place). Elected Guvmint Official argues for bigger guvmint and more taxes to fix the problem.

    The socialist fools in NYC vote these twatwaffles in at both the City and State level as many are beholden to the socialist state (welfare, rent control, etc., etc.). Over 80% of county budgets are driven by state mandates which is why NY property taxes are so high, and why upstate NY is losing over 100,000 people a year who are voting with their feet and leaving the state. It would make Boss Treed so very, very proud.

  • ||

    but But BUT TRUMP! DICTATOR! FASCISM! DEATH OF DEMOCRACY!

    or something

  • Sometimes a Great Notion||

    Yes both Trump and de Blasio are pieces of shit who want to steal from property owners. Must be a New York thing.

  • Last of the Shitlords||

    At least Trump pays market, or above market when he does it. Which isn't very often.

  • Pro Libertate||

    You know, I think most of this is illegal if not flat-out unconstitutional. Sue, sue, and sue again.

  • An Non||

    If you want to really cause some fun, sue the behalf of current tenants of distressed buildings, since it's highly unlikely that NYC (or the nonprofits) are a party to the lease contracts--and go with the logic that they have the strongest claim on ownership of the properties. (With the additional argument that if it's distressed, the landlord must be in violation of the leases' terms--and if the landlord isn't, then it's not distressed.)

    Toss in a request for rents to be placed in escrow accounts & evictions at least requiring the court's permission until ownership of the property is settled. I would suggest that the escrow accounts be not entirely locked; taxes & maintenance costs will exist regardless of if the case has been settled or not, and it might drag on. But it should be entertaining and if successful you will have done more for tenants' rights than Bill de Blasio (or those nonprofits)...not that this is in any way difficult.

  • Diane Reynolds (Paul.)||

    OT: Media concerned about deep fakes... proceeds to create their own deep fakes.

    A staffer at local FOX affiliate Q13 has been fired after the station aired what appears to be a doctored video of President Donald Trump's Tuesday night speech from the Oval Office.

    The video was changed to make it look as if Trump was sticking his tongue out languidly between sentences. In addition, the colors in the video look more saturated, leading the president's skin and hair to appear more orange.

    During the speech, Trump said, "Hopefully, we can rise above partisan politics in order to support national security," before briefly licking his lips and continuing to speak.

    In the video broadcast on Q13, it appears that Trump lets his tongue hang out, resting it on his lower lip for an unusually long time.

    "This does not meet our editorial standards and we regret if it is seen as portraying the president in a negative light," Q13 news director Erica Hill wrote in an emailed statement early Thursday.

    Their editorial standard is to just draw a mustache and funny glasses.

  • BestUsedCarSales||

    They're not brave enough to have red lines emanating from his head.

  • Deconstructed Potato||

    Bam.

  • Gaear Grimsrud||

    I've always thought that one of the problems with big cities is that most residents don't own property, have never owned property and never will. They don't grasp the concept of private property which is one the fundamental means by which human beings create wealth. They have no problem with taxing and regulating landlords because they believe these people are greedy bastards hoarding huge piles of ill gotten cash, just like all business owners. The realty is that most people who own rental property operate on very thin margins. A couple months unpaid rent can put a unit underwater for the year.

  • I'm Not Sure||

    I don't know- try telling them you're taking their cars in order to provide transportation for the underserved homeless and watch how quickly they warm up to the concept of private property.

  • CDRSchafer||

    I would wager few middle to low income New Yorkers even own cars. They have no need for independence.

  • Henry||

    Ha ha! That's probably the one approach that would NOT work.

    When I went to college, you could always tell the students from NYC — they were the ones with no driver's licenses, because their families wouldn't have had even a place to park a car if they had owned one, which they didn't.

  • Trainer||

    I've always thought that one of the problems with big cities is that most residents don't own property, have never owned property and never will. They don't grasp the concept of private property which is one the fundamental means by which human beings create wealth.

    I believe that's called the Potterville Principle.

  • Uncle Jay||

    Mayor de Blasio is correct in seizing private property.
    Just look at the wonderful government housing projects that people live in as an example.
    Do you see crime there?
    No.
    Do you see hopelessness there?
    No.
    Do you see anger and rage there?
    No.
    Do you see people engaging in illegal activities there?
    No.
    Are government housing projects the best place to live?
    Yes.
    Do you see people envious of those who live in government housing projects?
    Yes.
    Do you see happy and contented people living in government housing projects?
    Yes.
    Do you see prosperity and wealth generated from these government housing projects?
    Yes.
    Do you see a disproportional amount of successful people coming from government housing projects?
    Yes.
    Do you see the majority of people living in government housing projects avoiding criminal activities and prison?
    Yes.
    Government housing projects are the only way the little people can improve not only their dwelling space but their very lives as well.

    Ask any progressive.

  • sharmota4zeb||

    Good answers. My dog will stay inside tonight. ;)

  • Presskh||

    Questions to add:

    Do you see everyone else rushing in to buy homes next to govt. housing projects?
    Yes.
    Do you notice the immediate upward spike in surrounding property values when it is announced that an existing building will be converted to govt-subsidized housing or a new one built?
    Yes.

    Now progressives will have the complete list of answers to potential questions.

  • Whorton||

    Bill De Blasio: Nationalizing things to the city level faster than Cuba.

    At this rate NYC will be worse than a 3rd world country in about 2 years. Perfect.

  • Gary Bear Millsaps||

  • bevis the lumberjack||

    Remember, the folks that have been throwing a fit for the last two years because they can't dictate to the rest of the country who should be elected are responsible for electing Comrade De Blasio and Gavin "Give 'Em All Free Healthcare" Newsome. Their judgement isn't any better than the country at large.

  • sharmota4zeb||

    But their opinions are based on Harvard research, and Harvard scholarship is the best in the country, because ... FIRST!

    ;)

  • BestUsedCarSales||

    Veritas

  • ErinS||

    I have a textbook from an Entrepreneurship class I took in college in 2001. It is published by several professors from the Harvard Business School and it discusses at length how Enron is a model business that is redefining the business landscape and how all businesses should attempt to achieve their level of 'Intrapreneurship.'

  • Henry||

    Plus they are so supportive and inclusive. They accepted David Hogg when no other college in the country would touch him.

  • Fancylad||

    ...And they're charitable. Hogg's marks would have disqualified him for Parkland Community College, but Harvard was willing to take a chance on him.
    He can now take his rightful place amongst the aristocracy because of Harvard's largesse.

  • sharmota4zeb||

    If fines and penalties don't do the trick, then "we will seize their buildings, and we will put them in the hands of a community nonprofit that will treat tenants with the respect they deserve," he added.

    Spoken like someone who has never sat in the hot tube at the gym next to a guy who just got back from having dinner with some of the homeless residents from the local county shelter. If you really want to press for housing reform, give a free membership to an expensive gym and some swimsuits to people who have unstable housing situations.

  • Mr. JD||

    The "most distressed buildings" in New York are all rent-controlled, no doubt.

  • Rich||

    So what will the Office to Protect Tenants do? De Blasio didn't really explain, though his executive order says it will serve as a "central resource for tenants, social service agencies, advocacy organizations, legal services providers, landlords and management companies of affordable housing, and others on tenant issues," including "tenant harassment."

    Seems like de Blasio *did* explain: MOPT will provide government JOBS to a *bunch* of people!

  • Henry||

    And for "people," read "relatives of donors."

  • Rich||

    This is really nothing new for de Blasio, who basically told New York magazine in 2016 that he does not believe in the right to private property.

    OK, Bill -- cough up your house(s) for the good of The People.

  • Last of the Shitlords||

    He should be executed for saying something like that. That shit is why I want to criminalize Marxism at the constitutional level. To prevent people like him.

    Seriously, marxists should be out to death. Before they spread their poison.

  • a ab abc abcd abcde abcdef ahf||

    And what happens when the housing is public housing and the landlord is the city?

    There was a story a year or two ago about some NYC housing project where the workers did nothing except fake work reports, and it had gone on for years. What will happen to these clowns when they have official cover as official landlords?

    Oh wait, they already had that designation.

    Carry on.

  • ||

    There was a story a year or two ago about some NYC housing project where the workers did nothing except fake work reports, and it had gone on for years. What will happen to these clowns when they have official cover as official landlords?

    A year or two ago? Reason ran a story in August about NYCHA employees having regular orgies during work hours. And, last I heard, *no one* had been fired.

  • a ab abc abcd abcde abcdef ahf||

    That might be it. I remember the orgies story, but I thought there was another one about maintenance being logged without being done, with no orgy overtones. But it's a fine example of what tenants can expect.

  • ||

    When the orgies were held after work, staff would apparently claim overtime for the hours they spent partying.

    I literally LOLed. OK, it was more like an audible chuckle, but I appreciate the cheekiness of these people.

  • Whorton||

    Let the next Republican administration go after any property De Blasio owns with a vengeance. If not buildings money. He has too much and per AOC, he does not need it. Give it to the poor in NYC. Let him live in a motel 2.5 for the next few years.

  • Mickey Rat||

    So the mayor aspires to larceny on a grand scale, this is going is going to be fun to watch. If you don't live in NYC, anyway.

  • Robert||

    Looks like I got out just in time, as Ralph Fucetola (see Alongside Night, It Usually Begins With Ayn Rand) told me I should—that NYC would be "unlivable".

  • TuIpa||

    Fuck off Hihn.

  • Last of the Shitlords||

    Robert is one of the Hihnfaggots?

  • Vulgar Madman||

    In the future everyone will be a bot. And the future is now!

  • XM||

    In New York you can rat out your employer to a hotline if you think you're underpaid and the city government can seize your land because of feelingz, but you can't contact ICE about suspected illegal alien activity. No., no that is the one thing you can't do.

    Look at how the people who supposedly detest labels put labels on people. Consider how people who'll sing "We're stronger together" divides people. In Blasio's eyes, the landlords are already a villainous bunch ready to take advantage of those poor suffering tenants. He has to THREATEN property seizure and layout punitive government measures to scare these lunatics from doing evil! Trumpesque, one might say.

    Meanwhile every single immigrant in the country works in farms, cleans toilets, and contribute to the economy by default.

    Is New York an energy producing state? I'm thinking they'll be one of the first blue states to start crumbling beneath the weight of unfunded liabilities and spending.

  • MatthewSlyfield||

    "Is New York an energy producing state? I'm thinking they'll be one of the first blue states to start crumbling beneath the weight of unfunded liabilities and spending."

    California.

  • DesigNate||

    Funny how Rev and Tony never seem to show up on these threads...

  • Last of the Shitlords||

    They are cowardly cunts. Or maybe they are off fucking each other.

  • Fancylad||

    Kirkland is gay too?
    The name "Arthur Kirkland" belongs to an anime character from a show popular with fujoshi for homosexual slash fiction, so I guess it makes sense.

  • Jerryskids||

    The only question about the fatal conceit is who it's going to be fatal to.

  • ||

    Nicely put.

  • Last of the Shitlords||

    Communists. Everything should be fatal to communists. I even have a shirt admonishing people to kill one for their mothers.

  • Cynical Asshole||

    According to his office's website, De Blasio is "pursuing new local law to seize upwards of 40 of the most distressed multiple dwelling buildings annually and transition them to responsible, mission driven ownership."

    Who would have thought electing a man who once supported the Sandinistas would result in the government of NYC attempting to seize private property?

  • ||

    Amazing how that works, eh?

  • Homple||

    If I was a New York real estate owner or developer right now I'd look for another way to make a living. Run for President, maybe.

  • Last of the Shitlords||

    It's reall only helpful if you already have a presidential foundation. Like if your spouse were already president before you.

  • Fats of Fury||

    If my numbers are right only 23% of eligible voters turned out for this election. Only 15% of eligible voters voted for De Blasio. WTF! They can't find any other candidate that could get 15.0000001% of the vote?

  • Echospinner||

    So they are giving away NYC property to "nonprofits".

    How does one become a nonprofit? Sounds like an opportunity.

  • Whorton||

    Pretty simple really, Just fill out the paperwork, start a disinformation campaign (Consider WWF endless commercials at night to "symbolically adopt a" , For just $19.95 a month.) What the hell does that mean anyway?
    "Symbolically adopt?" Can I go visit my kitty? NO. . .Can I talk to its vet NO, Can I. . . NO. . you get this nice 3 color printed picture that is suitable for framing and bragging rights to your friends about what a stooge you are.

    Only, symbolically adopt a tenant slum, for $19,995.95 a month, and you "make a difference" for these symbolic downtrodden victims of the white power structure.

    Then Donate about six figures to the Billy De Blasio campaign. . . In NO time you will receive the title to this downtrodden POS where no one but meth heads would want to live. . . And you can charge the city thousands of dollars every month. (but you have to paint)

  • ErinS||

    Government is the ultimate in unintended consequences. The entire 'unfair, unequal' system we have now is due to the HUD policies that have propped up rents on Real Estate in older and decaying neighborhoods for generations. If Section 8 wasn't paying similar amounts to what people in better neighborhoods were paying for rent the rents would have been 'livable' in those neighborhoods for many years and people would have been paying to live there themselves without taxpayer dollars or else they would have torn them down and built something better.

    And the new idea that various governmental agencies are going to build 'Affordable Housing' would be laughable if it wasn't so tragic. The facts are these: it costs about $300K in most markets to build a new three bedroom single family home. When government gets involved that number balloons to about $700K. Either way neither of these properties are going to be rented for $1250 a month Section 8, or to anyone else low income for that matter. The much cheaper solution is to increase payment standards on existing housing, but no one gets really, really rich that way.

    Don't let anyone in the massive developer-paid PR campaign for tax dollars people with their hands out for a freebie crowd hear you say that, you might get shot.

  • stuartl||

    But can you afford housing in NYC?

  • Whorton||

    Heck no, Cliffhanger is a bot out of India. It operates on a Windows 95 system in a hut in the backstreets of Gurugram off of Galli #6. (look it up.)

  • Juice||

    Well, public housing was always much more livable than private housing, so this should turn out well for everyone.

  • DamnDirtyApe||

    This asshole is on a real tear...

  • ||

    Woodchipper worthy?

  • Last of the Shitlords||

    Firing squad. After his trial for treason.

  • Henry||

    Why bother? The resident idiots will just plant another tree.

  • TrickyVic (old school)||

    I think this executive order will go the way of Bloomberg's large soda ban.

    I think he's over reaching and trying to do something that requires a city council vote.

  • perlchpr||

    What is DeBlasio's address? *smiles innocently*

  • Rockabilly||

    Comrade Mayor Bill de Blasio = I will seize your house and other assets and give them to the peoples !!!

    For the Peoples !!!

    #Seize

  • meh130||

    Bil de Blasio makes Ayn Rand's over the top characters in Atlas Shrugged look reasonable.

    de Blasio is a moocher who got voted into power and is now a looter.

  • Last of the Shitlords||

    In 2002 he held a gala reception for Daniel Ortega, communist leader of The Nicaraguan Sandinistas. He's had ties to Marxist governments for over thirty years. Trump should have him put to death for that.

  • Fancylad||

    "Born in Manhattan as Warren Wilhelm II, he graduated from Columbia University.
    Another wealthy scion adopts a progressive mantle and somehow manages to become a multimillionaire during a lifetime career as a elected politician.

    "He changed his name to Bill de Blasio ahead of his 2001 race for City Council, in order to have greater authenticity with the people he represented."
    He manufactured a new identity just like AOC just did. Champagne socialists with silver spoons in their mouths, pretending they're "people".

  • Presskh||

    New Yorkers are getting the ass reaming they deserve for electing this leftist idiot, as well as Ocasio-Cortez. I hope de Blasio doubles down and pushes it in good and deep.

  • Henry||

    You know, if it were ONLY New Yorkers, I wouldn't give a damn. But socialist politics invariably leaks to the detriment of others, like running a microwave with the door open.

  • Hank Phillips||

    Bill should learn to spell Communist.

  • Curly4||

    Well, if de Blasio is going to take those buildings and give them to the tenants why don't he start will all the uninhabitable that is there now. He could probably get them for back taxes now. He could then rehab the buildings and provide homes for the homeless and poor who need a place to live.
    But if De Blasio's plans of providing health care to all including illegals and the other progressive plans he mention before do come to fruition there will be more apartments than people and he will have his choice. But he will have a hard time to pay for all his plans.
    And then again that may be the very reason that he stated his grand plans because he knows that he knows nobody with two brain cells will know that it cannot be paid for and therefore will not approve it. This would allow Bill to claim that he tried but others stopped it thus he gets the credit without the the blame for its failure.

  • Chavico20||

    Does this mean Di Blasio will hand over NYCHA to nonprofuts as well? Isn't NYC also a crappy landlord with deteriorating, mold and rat infested public housing apartments?

  • Chavico20||

    *nonprofits

  • tommhan||

    It boggles my mind that people actually live there.

  • Earth Skeptic||

    BUILD THE WALL!!! But put it around NYC.

  • ||

    Bill clearly wants to crush any and all small to medium sized business in NYC.

    "When a landlord tries to push out a tenant by making their home unlivable, a team of inspectors and law enforcement agents will be on the ground in time to stop it," He also apparently thinks he's Batman or something, out to destroy any hope of more renters or something, thus driving up costs.

    Is New York city this stupid, or just way too busy treading water to pay attention?

  • CoachBeef||

    Property is inextricable with life. If property rights can be taken, then rights to life can be taken. If property or lives of men are taken by govt, then govt lives will be taken by men. Just fukn try us.

  • nychotpilot||

    Still, it's ironic that the mayor wants to seize private property when the real problems are happening in city-run buildings. Facts are always inconvenient

  • Tionico||

    Hmmm.. private property used directly as a means to income is a "private means of production".

    diBlabbio's new scheme is for HIS government to control that private means of production.


    That is the essence of fascism... defined, it is quite simply "government control of private means of production".

    Heil diBlasio!!!!! One of our nation's most powerful fascists.

    Whare is AntiFa when we need them to protest blatant fascism?

    Oh, I forgot.. they only use that word as their name for the powerful mame recognition factor. They ARE fascists, a strange beed of them who give lip service to resisting fascism whilst actively promoting it wherever they can. They count on folks having a knee-jerk reactioin against fascism, having no clue what it really IS.

  • Frank Thorn||

    Seizure is just a fancy word for stealing. These people should be in jail.

    From Wikipedia,
    "The Racketeer Influenced and Corrupt Organizations Act, commonly referred to as the RICO Act or simply RICO, is a United States federal law that provides for extended criminal penalties and a civil cause of action for acts performed as part of an ongoing criminal organization. The RICO Act focuses specifically on racketeering and allows the leaders of a syndicate to be tried for the crimes they ordered others to do or assisted them in doing, closing a perceived loophole that allowed a person who instructed someone else to..."

  • tlapp||

    All while maintaining rent controls. Limit revenues, have authority to demand unlimited property improvements. The end result will be less affordable housing. Liberal policies producing the opposite of the intended goals but only judge them on the intention, not the damaging reality.

  • vek||

    JESUS. That quote that he wants the city to control everything... That is REALLY hardcore for a Dem to say, even in 2018. This guy is really a piece of work...

  • MoreFreedom||

    DeBlasio and Democrats sure work hard to drive down the value of real estate and property tax revenue in NYC.

    I guess they're trying to make up the loss in revenues of people moving out, in an amplified feedback loop to drive out the productive so as to encourage more non-productive people to move there.

  • Colossal Douchebag||

    Christ, what an asshole.

  • Mike d||

    Geez. Do the property owners at least get their "fair" market value payout you would normally get when your property gets seized by eminent domain (minus the fines / fees), or is it just a full blown asset seizure.

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