Politics
Glenn Beck predicts Mamdani property surcharge would shrink supply and lift rents
Glenn Beck
THIS Is How Mamdani Is DOOMING NYC, And It's NOT The Way You Think...
What was said
"Those apartments do not become more expensive. Those apartments become non-existent. So, the supply doesn't get built. So, the shortage widens and the rent goes up."
Glenn Beck lays out a hypothetical chain reaction from what he describes as Zohran Mamdani sending letters to roughly 11,000 property owners about a new annual charge (he cites 1.3%) on high-value properties. Beck argues the added recurring cost would push luxury owners to sell, reduce sale prices used for bank valuations, and then make some new developments financially unviable—cutting both construction jobs and the pipeline of mixed-income units.
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Attributed speaker claim
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- Programme
- Glenn Beck
- Episode
- THIS Is How Mamdani Is DOOMING NYC, And It's NOT The Way You Think...
- Clip time
- 5:30
- Original source
- Watch the source segment →
From this episode
Glenn Beck