Sorry Cea, I should have saved that one for a thread because the connection isn't obvious or commonly discussed. But basically it's about a core assumption about what is more important to our economies: private property (real estate) to privately financialize or full employment.
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Replying to @bdlimm
seems to me you are confusing a problem of local government project in general (everything funded by property taxes means that land values have to go up for school funding to go up, etc) with a question of what participatory land use policy should look like
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Replying to @ceaweaver @bdlimm
ULURP is just a community engagement process. absent a plan i suppose it's a terrain on which organized groups compete to get resources for their interests (more affordable housing, capital $$ for NYCHA, etc)
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Replying to @ceaweaver @bdlimm
but even if we were a lot more comfortable with municipal/state debt (NYCHA? lol) we would still need a democratic public engagement process for land use decisions. so maybe you have a problem with whether or not ULURP is THAT, but still don't grasp the MMT connection.
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Replying to @ceaweaver
The connection lies in the very first step (developer proposal), which prioritizes private developer & investor choices from the start, thereby discouraging the public from investing more time and energy into fighting the proposal. I'd like to add many steps before step 1.
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Replying to @bdlimm
Cea Weaver Retweeted Cea Weaver
yeah but that to me still is here:https://twitter.com/ceaweaver/status/1471869259907272711?s=20 …
Cea Weaver added,
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Replying to @ceaweaver @bdlimm
i mean i think i basically agree with you re: the municipal debt and public projects but i don't agree that it really has anything to do w ULURP
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Replying to @ceaweaver
Ah ok I see. So here's one example of something I have in mind: flip the order of steps of the process by having the city proactively fund local public engagement processes before any specific developer app is submitted to build more local political power over the developer.
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Replying to @bdlimm @ceaweaver
Put another way: the Council's power in ULURP to reject proposals gives it the power to reset real estate market expectations about the profitability of developments. NYC can shrink its real estate market value deliberately and then buy up land at much lower prices.
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Replying to @bdlimm
i don't really disagree with this but a couple things. - i think "pass really strong rent control" is a more effective way to shrink the value of real estate than reducing rezoning applications (which have a mixed results vis a vis property values) and 1/2
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you're basically saying crash the real estate market to make it easier to expropriate. and that, while it might work, is likely to cause a lot a lot of pain for a lot of people (working class homeowners) along the way 2/2
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Replying to @ceaweaver @bdlimm
sorry, 3: socialists have to contend w the fact that most people invested in the value of NY real estate are not corporate LLs
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