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The list of billionaires spending big in a last-ditch effort to keep Zohran Mamdani from becoming NYC mayor
(www.businessinsider.com)
this post was submitted on 27 Oct 2025
503 points (99.8% liked)
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New Yorker here. Visiting here is cool because you can go back where you came from and live in a normal neighborhood, living here, not so much. There is a lot of political and real estate corruption which has caused renting prices to skyrocket. It is a bad financial decision to actually try to live here because you’ll never own a home (minimum house costs $1.5M). Most everyone who isn’t rich or living with family, is on some form of welfare or assistance just to meet rent, whether it’s NYCHA, Section 8 or piling up 5 roommates in a 3 bedroom apartment just to have a normal rent cost. And even then, you’ll likely only be in your spot 3 maybe 5 years because the rent goes up every year until you eventually get priced out and have to leave. Healthcare workers are leaving. Professors are leaving. Everyone even the homegrown New Yorkers are leaving for other states like Florida, North Carolina, Virginia, etc.
Lots of store fronts are just abandoned because businesses have packed up and left too. There’s homeless everywhere. Drug addicts and mentally ill aimlessly roam the streets. It’s BAD. The problems here are endless all due to political corruption among the local government. The city misspends and washes tax money and has drained the city dry. The subway is literally crumbling apart still running on 1960s and older machinery. The rich have sucked this city dry along with the life and culture it once had. Rich white people and Jews are buying up all the real estate and pushing Black and Brown people out by tearing down their homes, rebuilding and then jacking up the rents very high in historic, iconic areas like Harlem, Brooklyn and now the Bronx, so the Black and Brown people can’t move back in.
Jobs you can forget it. Job fair lines are wrapped down several blocks of unemployed people looking for work and food pantries have a crowd all the time. I’ve seen a lot of people dumpster-diving as well. I could keep going on with the sad states of affairs here.
Everything is just in a horrible state right now for New Yorkers. I voted today and cast my vote for Mamdani, because I really hope he can turn this around. We are tired.
Oh yeah, I fully believe you that there are a lot of issues, particularly for the displaced minorities and poorer people in general. I've looked at the rent prices on StreetEasy and they do NOT look appealing to someone who works even a decent job, much less those working low-end jobs.
But also, as I said in a response to another person who commented, I would've only moved to NYC in particular for a senior level position at a big tech company (which I hate with a passion, but one can swallow their pride for 5 years for a good amount of money). In fact I would not move to the US in general, even bumfuck nowhere, for less than 6 figures and a city like NYC or SF I would only consider for at least 200-300k. The market for software engineers has changed and it's no longer as feasible to grind oneself into a job like that, so I'm not too mad at my loss of freedom of movement (AKA: I have a child and my ex would never allow us to move anywhere). Also I don't think I'd ever buy a house in NYC myself. It was always a "move in for 5-10 years, grind for money, enjoy the social life, get the hell back to Europe before I'm old and need socialized healthcare again, spend my later years travelling cheaper countries" kinda dream.
I hope things get better for you in particular and NYC in general. I still truly think it could be one of the most awesome cities in the world to live in if it was more affordable.