Senseless online commentary corrupts real estate policy debates

As a former editor, I am inclined to correct mistakes. On social media, this is like using your fingers to plug a million holes in a crumbling dike. On Twitter (I still call it that), most of the laymen commenting on New York real estate get something or everything wrong. Take Mayor Zohran Mamdani’s semi-socialist supermarket in East Harlem. It certainly deserves scrutiny, but inane criticism deflects attention away from the real issues. One well-read thread insisted it makes no sense to spend $30 million constructing a store when you can buy one for $3 million. Mamdani’s $30 million estimate […] This article originally appeared on The Real Deal. Click here to read the full story.