Crossroads Property Management Inc.

Cea Weaver says the quiet part out loud....

"We decided that fighting for rent control was a strategic and critical first step in the fight for full social housing...

We decided that through a program like rent control, we are able to directly challenge the logic of unfettered profit in the real estate market.

We are able to directly challenge housing as a wealth-building tool and, through regulation, strike a blow to the entire real estate industry at once.

The beauty of rent stabilization and rent control is that it weakens the speculative value of the real estate asset.

The value is no longer based on what the landlord is able to get, but rather it’s based on a state public board deciding how much rent is going up.

And yes, that board is controlled by the real estate industry, and yes, there could be a better way to regulate it. But the idea is that we could weaken the entire industry at once through a strong rent control campaign, and that would strengthen our ability to fight for social housing.”

MAMDANI: "If your landlord does not responsibly steward your home, city government will step in.