> But for some reason, democratic socialists refuse to engage with the book earnestly.
You're not as informed as you think you are, probably because you're not an NYC resident and have no actual stake in this election. We successfully passed 3 ballot proposals that reduce regulation and review time for building certain housing units. Mamdani voted for all 3 also. More deregulation is needed and expected under Mamdani - not to the tune of enriching developers, but for building actual affordable units.
Side rant: A lot of people on HN talk about building more supply. And we do - if you've lived in NYC for an appreciable amount of time, you'll know how different LIC, Greenpoint/Williamsburg, Downtown BK, and Gowanus (among others) look like after 10 years of intense development. Despite receiving tax breaks (421a), most units are not affordable. They're also incredibly cheaply built and generally unpleasant places to live, chock full of excessive amenities that drive up the rent. There's a balance here between freeing developers and allowing them to run buckwild with "affordable" 5k/mo studios. It's easy to quote Paul Krugman on HN about supply side housing and rent regulation but there's more to the story here than just "build more".
You're not as informed as you think you are, probably because you're not an NYC resident and have no actual stake in this election. We successfully passed 3 ballot proposals that reduce regulation and review time for building certain housing units. Mamdani voted for all 3 also. More deregulation is needed and expected under Mamdani - not to the tune of enriching developers, but for building actual affordable units.
Side rant: A lot of people on HN talk about building more supply. And we do - if you've lived in NYC for an appreciable amount of time, you'll know how different LIC, Greenpoint/Williamsburg, Downtown BK, and Gowanus (among others) look like after 10 years of intense development. Despite receiving tax breaks (421a), most units are not affordable. They're also incredibly cheaply built and generally unpleasant places to live, chock full of excessive amenities that drive up the rent. There's a balance here between freeing developers and allowing them to run buckwild with "affordable" 5k/mo studios. It's easy to quote Paul Krugman on HN about supply side housing and rent regulation but there's more to the story here than just "build more".