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Here’s the thing abt NY —> it is both the center of global finance/some of the valuable real estate in the world and home to a powerful working class political tradition.https://twitter.com/willbredderman/status/1274450001905815552 …
The decades rent stabilization battles obviously demonstrate this. It is the legacy of the mid-20th century socialist movement, the Black Panthers, the Young Lords, etc that rent control never fully disappeared. When the working class wins things, it’s hard to roll them back.
At the same time, the loopholes — designed so the system would self destruct — were passed at the behest of landlords who wield massive ideological influence in both political parties.
One counter factual I often ponder is what the NY tenant movement could/would be doing if we were fighting to, say, lift the ban on rent control versus fighting to reform a system that already exists.
It honestly would be really hard! The political consensus that exists for rent stabilization should NOT be taken for granted! Many big fans of NY’s rent laws might not pick it as the preferred policy to thrown down on if it did not already exist, and might not be in the fight!
Will and Jacob should try getting legislation that is good public policy that the real estate industry opposes enacted, then try us back with their takes
they're not machiavellian puppet masters or geniuses...they just have enormous amounts of money to throw at politics. money that they extracted, literally as rents, from working class folks
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