Everyone’s yelling “communism” about Mamdani’s housing plan. They’re missing the actual trick.
— Ramin Ekhtiar (@raminrealtalk) June 2, 2026
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
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 the bank to eat the loan, then hand it off with NO mortgage.A building with no loan is a money printer. And they pick who holds it.
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