“Builders and financiers aren’t going to start multi-year projects that might become unprofitable on Mamdani’s next whim.
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“slowly but surely, landlords have less to invest in their 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,"
“"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,"
“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.
“Merely the threat of a more hostile tax and regulatory environment has been enough to chill investment in New York City, and that’s already impacting prices,
“there’s not going to be the political will
“This is a systemic disinvestment by successive governments
“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.