Communist New York City mayor announces plans to take properties from owners, give them to tenants!
Promises 'aggressive legal action' against owners he dislikes
New York's Democrat Socialist mayor, Zohran Mamdani, worked as a housing counselor, and a rapper, so he knows the topics on which he's commenting.He announced plans to take properties from their owners and give them to tenants, but it all will be legal, of course. In fact, "aggressive" legal.
This is the same brilliant economic thinking that has made San Francisco and other leftist utopias such affordable paradises. Control prices, mandate heavily — demonize the people who actually know how to build stuff — and somehow the units will just magically appear while landlords and developers line up to lose money for the greater good," Not the Bee noted.
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Eminent Domain (Public Use)
Under the Fifth Amendment of the U.S. Constitution, the government can seize private property for public use (e.g., building roads, schools, or public infrastructure).
Legal Information Institute
Just Compensation: The government is required by law to pay the property owner "fair market value" for the taken land.
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