00:03:19.100The real key here is when you give government authority,
00:03:22.720Who gets to decide who's a bad landlord and who's a good landlord and what standards are we going to use and how are those standards going to change over time and how are they going to be used as political leverage?
00:03:33.440I mean, because that's ultimately where all these things go.
00:03:36.340Once government comes in and takes over control, the results are not positive.
00:03:40.920Do people not remember the push for public housing in the 50s and 60s into the 1970s and how that actually ended up?
00:03:47.720In New York City, most of all, public housing was a nightmare and a mess.
00:04:19.560they'll build it up and say oh this bad landlord Humberto the terrible slumlord of Jamaica Queens
00:04:26.160you know he 700 complaints you'll hear words like that Pat that'll be the first thing some of those
00:04:32.900will be you know they hey uh it we we had a snowstorm they didn't they didn't shovel the
00:04:38.020driveway soon enough didn't shovel the front door no complaint too small it'll be a stack of
00:04:42.400complaints number one number two they will then go into seizure and then what that's transferring
00:04:48.440ownership to a responsible steward. Yeah, that's just code for seizure of assets, ladies and0.86
00:04:54.280gentlemen, seizure of assets. They will seize that. Oh, we'll give it to a responsible party
00:04:58.520or a nonprofit. Those nonprofits will be PACs. They'll be Democrat PACs. But now let me ask you
00:05:03.800a question. On Monday, all these people were paying the landlord rent and the landlord couldn't
00:05:11.620afford to both pay the property tax and pay taxes to the city because he's operating commercial
00:05:18.240enterprise called renting a asset and then also pay JP Morgan for the loan that he has on the
00:05:25.120building. He had a hard time doing that and putting brand new granite kitchens in for a
00:05:29.820bunch of low-income people. He can't do that. So how is it that on Tuesday, Pat, when they say1.00
00:05:35.720evil Humberto had 700 complaints and we're now transferring it to the low-income trust of New
00:05:44.920york how are they going to do it pat this is what happens now the low-income trust and the city
00:05:51.500you're the vp of commercial real estate in new york pat you are now and i'm mandami and i walk
00:05:57.300in and i'm like you know those loans you got 10 of those loans are now under the stewardship of
00:06:05.000the state of new york city of new york pat you need to reduce these payments or reduce the interest
00:06:10.740What do you mean? It says, or we're just going to write this down by force because the loan is still intact. The loan is the last survivor. And you'll have Mandami and the Islamist attempting to use you know what law to say that interest charging interest, which is antithetical to Islamist, they're going to put the pressure on the banks.
00:06:34.860And Mandami made comments about the banks and the Jews that run them, or mostly Jews that run them.0.91
00:06:40.500So you are now going to have the loans cratered.
00:06:44.180Now then, the stewards own the property and are collecting the rent.
00:06:48.100They lower the rent for people, but they no longer have the large payments, Pat.
00:06:51.420Now they've got tens of millions and billions of dollars because the city has now seized it.
00:07:07.620This is a Marxist step-by-step playbook.
00:07:10.920And what people need to pay attention to is just because you seize it, you can't pay all those things unless you kill the loan with the bank or you force them by force to renegotiate it down.
00:07:21.680And now you have a profitable housing, money going to the Dems.
00:07:27.020Do you think that circle of life, to me, looks different than operate in a legal daycare and then skim off the top back to the politicians and some for yourself?
00:08:18.060You'll fund Philadelphia and you'll do the next one.
00:08:20.300This is how modern socialism looks like.
00:08:23.340The Jacobin Magazine, one of the biggest publications on the left, everyone, you know, like there is somebody on the intellectual side of the left.
00:08:30.300I'm saying left and intellectual very lightly.
00:08:33.140They're saying this market socialism, what they did with the daycares, what they're doing with rent, what they're doing with everything.
00:08:40.520They're using these mechanisms to stay in power perpetually, like they're cash cows.
00:08:44.980And as Jeff said, like this is not going to work, but they're going to milk it until it doesn't work.
00:09:17.580If we had the vibe board, just to show it, but to show that this model of what you're doing and how to go about doing it, what the step process becomes.
00:09:29.220Like, at first, they're going to say, well, the current economy, like my whole thing with AOC having a shot at winning in 2028.
00:09:35.660I've been saying this, and I get a lot of Manex with people being upset.
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