• Nick Sorrentino

de Blasio: 'We Will Seize Their Buildings, Will Put Them in the Hands of a Community Non Profit'

Oh no. That horrible profit motive. You know the thing that has driven human development, delivered literally billions from starvation, cured innumerable diseases, helped many people thrive. That horrible profit motive.

But Mr. Sandinista, Mayor DeBlasio, is worried.

Don't think for a second that people like DeBlasio aren't dangerous. They are, because they don't understand and seem to not WANT to understand how basic supply and demand work and how free markets unleash human potential. No these neo-socialists live in fear. They worry about too many people having too much freedom. And if given any real power people like DeBlasio invariably have to stick their noses into everyone's lives because even though they don't understand economic concepts that every 6th grader should understand, they think they know better. Their own ignorance comforts them and emboldens them.

Fundamentally DeBlasio resents that landowners have rights to the property they own. In his eyes the state should be calling the shots always.

(From Reason)
According to his office's website, De Blasio is "pursuing new local law to seize upwards of 40 of the most distressed multiple dwelling buildings annually and transition them to responsible, mission driven ownership." Passage of this legislation would presumably give the Office to Protect Tenants the authority to seize land.
This is really nothing new for de Blasio, who basically told New York magazine in 2016 that he does not believe in the right to private property. "I think people all over this city, of every background, would like to have the city government be able to determine which building goes where, how high it will be, who gets to live in it, what the rent will be," he said. "Look, if I had my druthers, the city government would determine every single plot of land, how development would proceed. And there would be very stringent requirements around income levels and rents."

It's a religion. It is a deep faith in the state in the face of reality. But you know, justice - or something.

And guess what? You know who is the worst "slumlord" in New York City? New York City itself. That's always the way.