“New York’s state Legislature is already considering a plan to impose Gotham’s pied-à-terre tax statewide

“this growing gap is leaving some building owners increasingly unable to cover basic operating expenses, which can lead to deferred maintenance and reduced investment in the city’s existing housing stock.

“the problem goes beyond new construction, arguing that government limits on rents can reduce the number of apartments available and discourage investment in existing properties.

“"The environmental movement and the climate movement groups are focused on anything related to fossil fuels, and so any project that is likely to become controversial and political that they can make — that these groups can make politically controversial — would then seem to me to be, have the threat of a veto, and that would, I think, that would just drive away investors and companies from all these projects,"

“slowly but surely, landlords have less to invest in their properties.

“taxing wealth takes capital out of these companies, limiting worker productivity gains and the growth in future wages

“"The ability to undo or preemptively block permitted projects undermines confidence in the permitting system and can chill investment even where projects have complied with established requirements,"

“rent increases on rent-stabilized apartments have failed to keep pace with inflation for years, even as the costs of maintaining buildings have continued to rise