NYC Real Estate thesis is playing out…
Nonetheless, hoping the city I grew up in and adore doesn’t suffer due to Mamdani’s election.
I'm shorting the NYC real estate market on @Parcl.
Why? @ZohranKMamdani’s election and his progressive, affordability-focused agenda are key factors.
Although I personally appreciate much of his proposals from a social standpoint, I believe his policies like universal rent control, a citywide eviction ban, and a freeze on stabilized rents will likely deflate and cool down an already overheated market.
While I support his goal to enhance tenant protections and affordability, the wealthy individuals who make NYC real estate a prized asset absolutely will not. *sigh*
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