Source: Common Sense
by Paul Jacob
Zohran Mamdani was not yet the new mayor of New York City when the city council signaled that it would serve as willing accomplice in his assault on fundamental property rights. In December, the city council passed legislation that had been hanging fire for several years, the Community Opportunity to Purchase Act (COPA), to further limit New Yorkers’ right to use and dispose of their own stuff. COPA would give ‘give certain nonprofits … an early shot to bid on certain residential properties that go up for sale, before they hit the wider market.’ The law pertains to buildings ‘with poor conditions or where an affordability provision is expiring.’ … If COPA is not dead on arrival, it will depress market prices as the city strongarms owners into making deals at lower-than-market prices.” (01/02/26)
https://thisiscommonsense.org/2026/01/02/hot-in-new-york-city/