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Mamdani wants to socialize housing by driving building owners like me to bankruptcy

For small-property owners in New York City, it’s time to hit the panic button. 

When Mayor Zohran Mamdani made a 9.5% property-tax hike the centerpiece of the budget he rolled out Tuesday, it ushered in a terrifying new housing reality.

A spike of the size he’s proposing would totally crush small-property owners.

Thousands of mom-and-pop, largely immigrant and mostly multigenerational families  —  owners who’ve been the backbone of affordable housing for decades — would be driven into greater distress, foreclosure and bankruptcy.

That may well be his goal.

Mamdani has long signaled his hostility toward private ownership of housing, but with his proposed property-tax hike, his message is clear: The sooner he rids the city of private residential rental property owners, the better.

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Make no mistake, this hike alone would be a major move forward in what seems to be a grand scheme of taking over private rental property and converting it into socialized housing. 

Doubt it? Recall that that’s precisely what the director of his “Office to Protect Tenants,” Cea Weaver, once called for.

She also described homeownership as “a........

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