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David Weigel
@daveweigel
I keep thinking about this exchange. Blakeman says he's "created wealth" because of the skyrocketing home prices in Nassau County. The idea that young families are priced out just doesn't occur at all
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sam
@sam_d_1995
crazy moment in the NY governor debate: Hochul says she wishes she pushed even harder on YIMBY policies, meanwhile, Blakeman literally *brags* about how his NIMBY policies have made housing so expensive
The media could not be played.
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sam
@sam_d_1995
It’s so cool how Long Island NIMBYs will be like “my home value just went up 60%? That is wealth that I rightfully earned! you want to make it easier for the market to build more housing? that’s charity.”
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Johnna Gluszak
@Momma_Johnna
Replying to @sam_d_1995
Dumbass. She wanted to put low income housing in our beautiful Nassau County. The people stuck together under Blakeman’s leadership and stopped the socialist idiot. You’re such a moron. You have no clue what YOU are talking about. My $500,000 house in now worth $800,000.
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David Weigel
@daveweigel
I made some money by buying a condo in 2016 and selling it this year to fund our mortgage, but that's the point - I used the equity to buy a new home! The dream isn't being in the same one forever as number go up.
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@MyFundedFutures
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The media could not be played.
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Hayden
@the_transit_guy
Blue state republicans (CA, NY, RI, MA, CT) being the most anti housing politicos in the country is so strange to me.
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NickFrank40
@NickyFrank30
Long Island is largely populated largely by people who grew up working class in the city and advanced to the upper middle class in the 1990s boom and now don't see a reason why their kids and grandkids can't do the same except they're lazy or whatever, and they think every
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Lisa Fisher
@Lisa86550169
I dont like him I live on Long Island The only way he created wealth was through a bad assessment system such that a person can borrow more equity. This is not creating wealth
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Andrew
@andrewpaleogos
Whats he supposed to do? Theres very little room for SFHs in Nassau. Houses are already built 5 feet apart from their neighbors. What little remains could be multifamily but his voters dont want that and neither do young families.
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Mark Orme
@morme1
It's starting to self correct. The number of sellers far outpacing the number of buyers. Home prices are dropping. Expect this to increase.
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unusual_whales
@unusual_whales
U.S. homebuyer demand just hit a record low, per Redfin. There were just 929,000 buyers in September, versus 1.51 million sellers, a gap of about 580,000. A record 41 of the 50 largest U.S. metros are now buyer’s markets, led by Miami, Nashville and Houston.
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Michael Lipman 🔍
@mlipman13
the blankman position is a very bad way frame of thinking about housing. super zero sum and ill-informed. we want things to be cheaper not more expensive.
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Michael Lipman 🔍
@mlipman13
"home owners necessarily benefit when housing prices go up" is a common misconception, but there's nuance and it's mostly wrong. starting with the case where it's true: if i own a home in one market and that market sees a big increase in cost of housing and i want to move to a x.com/BulwarkOnline/…
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cool
@mericancoolguy
don’t think nassau county cares. those folks would prefer to sell their house to their kids for a dollar and move to florida.
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George Veresan
@george_mlo
The equity only shows up for the people who already own. Everyone trying to buy now is looking at a payment that usually doesn’t work at 7.4% on those same prices.
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cs
@charles_swann_
This is a core tenet of the NIMBYs’ gospel, albeit one they usually try to avoid openly bragging about.
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Mol Anderton
@AndertonMol
I'm in my 50s and feel this is boomer brain warp. Even if you think that don't say it. You're not running for country club president.
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The Unhitching Hour
@UnhitchingHour
It's genuinely bizzare. Imagine a politician bragging about this for any other good or service: "I made doctors in my county rich by only allowing ten new doctors to be licensed each year!" "I created so much wealth for restaurants by banning residential kitchens!"
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James Phillips
@Arlecchinoswart
And increased home value only matters if you move to a cheaper area or die. Meanwhile your assessment and insurance go up to cover the increased value.
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Egality
@EgalityVote
I think it does occur, but to fiscal conservatism, harm done to poor people is an object, positive, normative good.
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kids today don't appreciate a good gerontocracy
@MinnHuman
I have seen this far too often enough to believe that it's not that it doesn't occur to him, it's just much more of a feature than a bug. It's a boomer win-win, more homeowner value + barrier to entry high enough to keep out the "undesirables".
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Queerly Buddhist 🏳️‍🌈☸️
@tmichael69_
It sounds wild but LI really thinks this way There’s a whole market for reassessments to maximize property value. And a scandalous investigation a few years ago revealed LI realtors collude to stop POC buying in rich neighborhoods to prevent white flight affecting home prices
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D-eazy333
@Eazy333D
I mean. He is not wrong. You pursue policies that raise home prices, it’s good for the people that have homes. He is just forgetting about everybody else.
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.
@clydebrutus
What’s crazy is someone who owns a $600k house is, by definition, rich. So he’s really bragging about making rich people richer.
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Bricklyn Heights
@BricklynH
The homeowner doesn't care who's buying the home. So if your home goes up $300,000, that's a good thing as a homeowner.
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FunkyKazoo
@KazooFunky
Move somewhere more affordable. That’s how most people got to Nassau County in the first place. Better cost of living, better quality of life. That still exists in other regions of NY and the country. Change isn’t always negative.
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GV
@gmv414
The assessments on those houses then help raise property taxes but whatever.....
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Art
@artrenoi
You need to understand the group he is trying to reach out and speak to. Doesn’t include young families.
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Dayo John
@DayoJohn007
That's the catch 22, everyone who purchases a home always wants the value to go up including the young people aspiring to become home owners, its a way of building wealth.
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Go Vote 2024
@GoVote2024
It’s so funny. In LI, all the people chasing ICE down the streets are the same ones who tie themselves to blighted one story buildings to prevent affordable housing from going up.
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James McCaffery
@jwmccaffery
Democratic governors have been so unimpressive in New York for the last few decades that the right kind of Republican candidate might actually win--but all we get are MAGA fruitcakes.
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Stephen
@steph25950
Its a fascinating cheat though ahaha... obviously the prices of your houses go up if theres less supply
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CTIronman
@CTIronman
Flipside: low home prices in the contemporary economy are associated with poor living conditions (crime, climate, congestion, pollution) or a moribund economy Very few pols want to take credit for that
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Shawn Hanley
@hanley_sha22299
David, if you own a home, you want your elected representatives to do things that raise the value of your property. Is that difficult to understand?
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Nixii💕
@nixishalo
so he thinks his property value going up is the same thing as him building something. thats not wealth creation thats just winning the zip code lottery
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