The founder of Persing Capital Management and CEO Bill Ackman lays out a three-step plan to transform Fannie Mae and Freddie Mac, says taxpayers were able to get $ 300B in a more detailed discussion about Maria. ‘
Billionaire investor Bill Ackman said on Wednesday that the Mayor of New York City – the chosen one Zoohran mamdani It’s fair to focus on the city’s housing affordability risk, although his proposed plan to address it could be very misleading.
“I give Mamdani Phezulu for finding the most important issue, the least expensive. I give her the biggest cost of getting money,” Ackman said during an interview with “Maria in the morning.”
“The way to bring taxes down is to increase supply, not reduce supply,” Ackman said.
The Temptation of Motherhood Comes to NYC: Mamdani’s Vision for an Affordable City
A progressive voice from Queens, Zohran Mamdani won Nov. 4 Election Leading the nation’s largest city on a platform focused on making New York.
New York City’s Mamdani plan calls for a $100 billion, multi-year plan to build affordable and free housing (Adam Gray/Bloomberg/Getty Images)
The king of pershing pointed out that Mamdani’s proposal, which calls for a 100 billion dollar, long-term plan to build houses that are deeply reduced in stable units, would discourage development and ultimately increase the city’s housing shortage.
“There’s a lot of strong data that we’re seeing in cities across the country, in Austin, the southeast and other places where there’s a big boom in the construction of rooms,” Ackman said.
Bill Ackman, chief executive of Pershing Square Management. (Patrick Fallon/Bloomberg/Getty Images)
Trump’s 50-year mortgage could burden America with more debt, experts say
He presented evidence to show that even the creation of a marketing standard can take the cost out of the housing market by reducing the pressure on older units.
“You can build a ton of market-rate rooms, new apartments,” Ackman said, adding that the new apartments “actually reduce the tax on the old stock in the apartment, which creates a lot of money.”
Browstone Apartments in Manhattan, New York City, United States of America on July 6, 2024. (Beata Zawrzel/Nurphoto/Getty Images)
He said Mamdani’s proposal to freeze taxes would hinder construction and make it difficult to increase the city’s stock.
Ackman says taxpayers could get $300b under his Fannie Mae, Freddie Mac scheme
“If you send the message that you’re going to freeze taxes, that doesn’t encourage real estate developers. They’re not going to take out a shovel and build anything in that area.”
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The comments also tie into Ackman’s broader push on housing issues. Earlier in the day, he outlined a three-part plan that he said would help the Trump Administration advance its plans for Fannie Mae and Freddie Mac.
The duo Property companies they have been under Federal Conservatorship since the 2008 financial crisis.
Ackman’s announcement comes as the Trump Administration is exploring new ways to make housing more affordable, including a proposed 50-year mortgage, as critics warn of a potential 50-year mortgage.
