Valuetainment - May 29, 2026


＂Karl Marx Would Be PROUD!＂ - Mamdani Declares Asset Seizure War With NYC Landlords


Episode Stats


Length

14 minutes

Words per minute

196.39

Word count

2,810

Sentence count

205

Harmful content

Misogyny

1

sentences flagged

Toxicity

4

sentences flagged

Hate speech

4

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode of the podcast, we talk about how the government is trying to solve the housing crisis in New York City by trying to get rid of the worst landlords in the city. We talk about what that means and why it s a bad idea.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.040 Okay, when I sell my business, I want the best tax and investment advice.
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00:00:30.000 So here's Mamdani. Comes out with a story. In front of people, he's standing up there.
00:00:34.280 And he's trying to sell that if you're a bad landlord, you know what we're going to do to you?
00:00:38.940 We're going to transfer your ownership. Wait, did he just, did he say transfer of ownership?
00:00:44.260 He did. What do you mean? To who? Do you mean you're going to force us to sell?
00:00:49.180 No, no. Transfer of ownership. To who? To non-profit? There's no way. This has to be AI.
00:00:53.820 Well, here's Mamdani for you. Go for it.
00:00:56.140 Through our new citywide campaign, Fix the City, we will focus on the worst landlords in New York City.
00:01:04.780 Listen, it's coming up right now.
00:01:06.560 When necessary, we will take aggressive legal action to remove negligent owners and property managers.
00:01:14.780 And for buildings that have suffered chronic neglect, we will work to transfer ownership to responsible stewards.
00:01:22.020 Wait, go back again, Rob. Go back 10 seconds, please.
00:01:25.380 Yeah, right there.
00:01:26.140 And for buildings that have suffered chronic neglect, we will work to transfer ownership to responsible stewards.
00:01:35.680 That's, if you've ever read Atlas Shrugged or.
00:01:39.800 Stewards that include community land trusts, nonprofits.
00:01:45.500 Nonprofits.
00:01:47.780 Notice he said that twice.
00:01:49.280 Or even the tenants themselves.
00:01:52.660 Look at that smile.
00:01:55.080 Oh, Lenin would be so proud.
00:01:57.220 Stalin would be so proud.
00:01:58.540 Karl Marx would be so proud.
00:01:59.840 These people would be so proud.
00:02:00.820 Let me read this to you.
00:02:02.060 The plan includes a number of other lifelines to struggling landlords of affordable housing,
00:02:06.040 such as making it easier to finance property improvements, secure tax exemptions,
00:02:10.080 and clear their housing code variations.
00:02:12.600 The city is also launching a $5 million loan program to landlords
00:02:15.300 to help pay tenants overdue rent and avoid evictions.
00:02:18.700 So they're paying you the rent, and that's exactly the step towards communism.
00:02:23.460 that roughly 300,000 apartments financed through the city's housing agencies
00:02:27.100 are potentially eligible for the rent increase once they are empty,
00:02:30.600 along with other assistance.
00:02:32.380 This is about a third of the city's overall rent-stabilized housing stock,
00:02:35.660 but includes large affordable housing owners, like related.
00:02:39.140 Jeff, when you hear this message that he's given, how do you process this information?
00:02:43.180 It's not surprising, first of all.
00:02:44.840 But, I mean, look, it's a typical playbook, right?
00:02:47.000 I mean, government policies created this mess to begin with.
00:02:49.680 You're not allowed to build in New York City, so there's a housing supply shortage.
00:02:53.280 There's rent control, which means you're not allowed to price anything based on market,
00:02:56.820 which means that property owners necessarily have to skimp on repairs and everything.
00:03:01.640 What ends up happening?
00:03:02.900 You end up with a housing crisis that government then comes in and says,
00:03:05.400 we're magically going to fix it.
00:03:06.880 So you create the problem so that you can fix it,
00:03:08.940 and the solution ends up being collective control,
00:03:12.960 which is playbook as old as progressivism, communism, whatever you want to call it.
00:03:17.420 It's all basically the same thing.
00:03:19.100 The real key here is when you give government authority,
00:03:22.720 Who 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?
00:03:33.440 I mean, because that's ultimately where all these things go.
00:03:36.340 Once government comes in and takes over control, the results are not positive.
00:03:40.920 Do people not remember the push for public housing in the 50s and 60s into the 1970s and how that actually ended up?
00:03:47.720 In New York City, most of all, public housing was a nightmare and a mess.
00:03:52.720 Why would this be any different?
00:03:55.020 Tom, thoughts?
00:03:56.140 So I have a lot of thoughts here, and I'm going to dive down here.
00:03:58.780 And so if you need to stop me, please stop me.
00:04:01.280 So let me tell you how this works.
00:04:03.640 Because I looked into the things he's setting up, and I looked into his words,
00:04:07.940 and they didn't, like, hand out, you know, a PDF of their playbook,
00:04:12.000 but they basically told you.
00:04:13.240 They have a board that will collect complaints, Pat, from renters.
00:04:17.720 And guess what?
00:04:18.360 No complaint too small. 0.99
00:04:19.560 they'll build it up and say oh this bad landlord Humberto the terrible slumlord of Jamaica Queens
00:04:26.160 you know he 700 complaints you'll hear words like that Pat that'll be the first thing some of those
00:04:32.900 will be you know they hey uh it we we had a snowstorm they didn't they didn't shovel the
00:04:38.020 driveway soon enough didn't shovel the front door no complaint too small it'll be a stack of
00:04:42.400 complaints number one number two they will then go into seizure and then what that's transferring
00:04:48.440 ownership to a responsible steward. Yeah, that's just code for seizure of assets, ladies and 0.86
00:04:54.280 gentlemen, seizure of assets. They will seize that. Oh, we'll give it to a responsible party
00:04:58.520 or a nonprofit. Those nonprofits will be PACs. They'll be Democrat PACs. But now let me ask you
00:05:03.800 a question. On Monday, all these people were paying the landlord rent and the landlord couldn't
00:05:11.620 afford to both pay the property tax and pay taxes to the city because he's operating commercial
00:05:18.240 enterprise called renting a asset and then also pay JP Morgan for the loan that he has on the
00:05:25.120 building. He had a hard time doing that and putting brand new granite kitchens in for a
00:05:29.820 bunch of low-income people. He can't do that. So how is it that on Tuesday, Pat, when they say 1.00
00:05:35.720 evil Humberto had 700 complaints and we're now transferring it to the low-income trust of New
00:05:44.920 york how are they going to do it pat this is what happens now the low-income trust and the city
00:05:51.500 you're the vp of commercial real estate in new york pat you are now and i'm mandami and i walk
00:05:57.300 in and i'm like you know those loans you got 10 of those loans are now under the stewardship of
00:06:05.000 the state of new york city of new york pat you need to reduce these payments or reduce the interest
00:06:10.740 What 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.
00:06:34.860 And Mandami made comments about the banks and the Jews that run them, or mostly Jews that run them. 0.91
00:06:40.500 So you are now going to have the loans cratered.
00:06:44.180 Now then, the stewards own the property and are collecting the rent.
00:06:48.100 They lower the rent for people, but they no longer have the large payments, Pat.
00:06:51.420 Now they've got tens of millions and billions of dollars because the city has now seized it.
00:06:56.860 They suspend the taxes on it.
00:06:59.300 They collect the rent on it.
00:07:00.860 And then all that money gets filtered out to DSA and they do it at Philadelphia.
00:07:05.700 They do it at the next city.
00:07:07.620 This is a Marxist step-by-step playbook.
00:07:10.920 And 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.
00:07:21.680 And now you have a profitable housing, money going to the Dems.
00:07:27.020 Do 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?
00:07:34.720 What a brilliant strategy.
00:07:36.500 This is what's going to happen.
00:07:38.040 It sounds brilliant, but the market check on it is you can't ever meet expectations.
00:07:43.240 No, no.
00:07:43.760 Listen, brilliant strategy to me.
00:07:46.020 This isn't a playbook we would ever do.
00:07:49.080 We're capitalists.
00:07:50.200 But what a brilliant strategy to sell the folks in the back that are rooting for it.
00:07:54.520 Yes, I'm going to give it to nonprofits or maybe to some of the tenants.
00:07:59.020 What is that about?
00:08:00.140 That's like, hey, I'm going to take from the rich and I'm going to give to the poor. 0.50
00:08:04.000 Mamdani is officially Robin Hood.
00:08:05.780 What a hero.
00:08:07.380 What an incredible guy doing it to the financial capital of the world.
00:08:11.400 The number one city in America when it comes down to economy.
00:08:13.760 If you can do it to that city, what other cities are you able to do that to?
00:08:16.880 You can do it anywhere.
00:08:18.060 You'll fund Philadelphia and you'll do the next one.
00:08:20.300 This is how modern socialism looks like.
00:08:23.340 The Jacobin Magazine, one of the biggest publications on the left, everyone, you know, like there is somebody on the intellectual side of the left.
00:08:30.300 I'm saying left and intellectual very lightly.
00:08:33.140 They're saying this market socialism, what they did with the daycares, what they're doing with rent, what they're doing with everything.
00:08:40.520 They're using these mechanisms to stay in power perpetually, like they're cash cows.
00:08:44.980 And as Jeff said, like this is not going to work, but they're going to milk it until it doesn't work.
00:08:49.520 Of course.
00:08:49.680 You know what I mean?
00:08:50.400 Of course.
00:08:51.280 And I don't know.
00:08:52.340 I'm very worried about it.
00:08:53.620 If it works kind of well, you're going to see this in Philadelphia.
00:08:57.060 You're going to see this in Minnesota.
00:08:59.380 New York will fund it happening in those cities.
00:09:02.020 Their timing is so phenomenal.
00:09:05.140 If I had a chart right now to write, you know, if we had like the –
00:09:07.520 what is that board that we use?
00:09:09.500 The ViBord.
00:09:10.200 ViBord.
00:09:10.620 I think, Rob, in the future, let's just have the ViBord here.
00:09:12.960 Anytime we want to jump on it and write, let's do that.
00:09:14.960 Justin, let's make a note of that.
00:09:15.940 The modern version of Glenn Beck.
00:09:17.260 Yeah, yeah.
00:09:17.580 If 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.
00:09:29.220 Like, at first, they're going to say, well, the current economy, like my whole thing with AOC having a shot at winning in 2028.
00:09:35.660 I've been saying this, and I get a lot of Manex with people being upset.
00:09:38.960 Why would you say that?
00:09:40.080 Because I think it really has a shot.
00:09:42.200 Why?
00:09:43.140 Because AI is going to do what it's going to do.
00:09:46.480 And, you know, whether some people think they're going to take jobs or it's not going to take jobs, it's impacting the economy.
00:09:52.320 So Tom and I were talking last time on the podcast, what's the best case scenario where unemployment will be in 2028?
00:09:57.320 He said 5% to 7%.
00:09:58.520 I said, what's the worst case?
00:09:59.480 He said 10 plus percent.
00:10:00.700 If that were to happen, if home prices don't come down, the average home price right now in California is $906,000.
00:10:07.340 In Florida, I think it's $340,000, $350,000, if I'm not mistaken.
00:10:10.120 Something like that, $337,000.
00:10:11.600 You can look it up.
00:10:12.560 the average home price by state yeah we're at 376 can you go 344 central florida can you type
00:10:20.260 in california the average home price in california so if you type in california average home price
00:10:25.480 776 854 story came out last week that it's 906 how the hell can the average person afford an 854
00:10:32.440 home you can't chad bianco yesterday was here on the podcast was running for governor
00:10:37.420 and he said when he moved from Utah to L.A., he worked construction.
00:10:42.520 Within one year, he could afford to buy a house.
00:10:44.780 You're not going to be able to do that today.
00:10:46.560 So all of these things are going to be used as leverage for them to say,
00:10:50.160 this is why you do need government's help.
00:10:53.420 So the more you're seeing Mamdani saying, Mamdani is simply setting one person up.
00:10:58.620 It's like that volleyball player.
00:11:00.340 You know that guy from CSUN that's all over the place?
00:11:02.800 The phenomenal gay volleyball player that's just very, very good at what he does.
00:11:07.340 and he makes his move at the end when he, you know, slams the ball.
00:11:11.380 Mamdani is simply setting him up, and then AOC is coming, okay?
00:11:16.180 AOC, Mamdani is setting up, and look at this.
00:11:18.580 AOC is going to come and boom.
00:11:20.380 Hang on a second.
00:11:21.360 This is not even the one.
00:11:22.220 Rob, I don't know which clip you found,
00:11:23.440 but there is one that he gets set up, and then he comes and crushes it.
00:11:27.300 That's what's going to happen in 2028.
00:11:28.940 And so my worry is for people to have enough common sense, boom, look at that. 0.95
00:11:34.380 The guy's a freaking stud on how he's not a stud like that. 0.91
00:11:37.740 I'm just saying he's a stud the way he plays volleyball. 0.97
00:11:39.600 I don't want to confuse people here.
00:11:39.880 You make a really good point.
00:11:41.220 Underneath all of the mannerisms and everything he does is a phenomenal athlete.
00:11:46.380 And if people think that underneath everything they see on the surface from AOC,
00:11:50.080 there isn't a phenomenal politician, they're making the same mistake.
00:11:53.180 Yeah, yeah.
00:11:53.520 If only the paranoid survive, and right now if you're not seeing what's happening,
00:11:57.680 they're doing it to the biggest city.
00:11:59.300 What do you do if you want to take a gang out?
00:12:01.240 What do you want to do if you want to scare the living crap of everybody in the gang?
00:12:04.380 Who do you go after first? 0.96
00:12:05.300 The boss.
00:12:05.980 The boss.
00:12:06.540 And who's the boss of financial capital in America?
00:12:09.000 New York.
00:12:09.520 That's exactly who they're going after.
00:12:11.400 If they can get New York City, they can come to a city near you.
00:12:15.620 Folks, if you're running a business and you're hiring people,
00:12:20.420 there is nothing more annoying than when you hire people and it doesn't go your way.
00:12:25.920 And often it ends up costing you a ton of money.
00:12:29.300 Rob, go ahead and play this clip.
00:12:30.340 So the average bad hire a small business owner makes costs the company $17,000.
00:12:34.860 The worst hires could cost you $240,000.
00:12:37.720 Why?
00:12:37.960 It's not just losing the employee.
00:12:39.760 Many times you lose them.
00:12:41.460 They're sitting next to somebody.
00:12:42.720 They've already infected the negativity on them.
00:12:44.680 They draw that person out.
00:12:45.740 Imagine that person was with you for two years.
00:12:47.840 And many times you knew this was not a good fit.
00:12:50.200 You knew this wasn't going to be somebody that was going to work with you culturally.
00:12:53.300 But you look the other way.
00:12:54.220 You didn't have a system on who to hire.
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00:13:42.760 There you go.
00:13:43.260 Go to vault2026.com.
00:13:45.440 Again, vault2026.com.
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