Back to episode — Episode 2994 CWSA 10/20/25
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What do you think of the theory that letting Mamdani win and essentially sacrificing our crown jewel city for however many years might be useful for Republicans and maybe useful for the city because it would prove that he's not the right solution and we maybe we get another 20-year reprieve from that kind of thinking. What do you think? Do you think we'd be better off, New York specifically? Do yo…
← Previous segment →want to overpay taxes and doesn't want to be in a crime area. So in theory, it would be the easiest prediction in the world that the real estate situation in New York would continue getting worse, at least during the election when there's a chance of the communists getting in power. But it's the opposite. So this is where I'm making you feel uncertain. And one of the reasons that I have no respect for my own college degree, which is in economics, it doesn't predict. Yeah, I've told you in different contexts that the best you can do in understanding reality because we're not good at understanding reality is whether it predicts. Well, the reality I was living in didn't predict. Did yours? Didn't predict that New York City real estate would already be recovering. Which reality predicted that? Not mine. Not mine at all. You know whose might have? Mamdani's. It's entirely possible that Mamdani was expecting and predicting real estate to come back and the argument would be there's only one New York City. That's the whole argument. There's only one New York City. So if you want to play with the big boys, you're going to have to go back. And he even thought, Mamdani even wanted to raise taxes on corporations to match New Jersey, which is also clever because he's matching. That's this very clever way to do it but obviously he thought it wouldn't destroy the economy or even he wouldn't be predicting it right. So now let's see if I succeeded. So you walked in here completely sure that he was the one who's always wrong and you're the one who's right because you like the capitalism and the free market. Except his point of view is the only one that predicted correctly, right? I'm just messing with you because obviously I don't think his plans are the ones that are the good ones. But have a little bit of humility. Just back up to a little bit of humility. Looks to me like he predicted correctly and you didn't. Looks to me like he predicted correctly and I didn't. And in theory, I have more credentials than he has for this kind of prediction. I don't know. Just that's just something to think about because it's a slow news day.
Apparently Denmark just decided that people in Denmark can copyright their own face. So if AI tries to use your face, there'll be a copyright violation. I don't know if that'll last. That doesn't seem like something that could last.
Here's another surprise. Did you know that San Francisco, I think this was in the Wall Street Journal, that even San Francisco is rebounding. Did you know that? So they've got a good mayor. I forget the mayor's name, but I heard people say they were happy about our current mayor. Burglaries are allegedly down 28% this year in San Francisco. Do you believe that or is that just another one of those they change the way they report it or people just stop reporting it? I feel like it's both, but it might be true that it's n
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ot getting worse. That might be true. And crime rates have dropped in general and allegedly the number of homeless encampments in San Francisco has fallen, but I don't have a percentage on that. And then here's another one. Rents are up in San Francisco 12% over last year. All right, let's do this again. How many of you predicted that San Francisco of all places would be able to raise rents in the…
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