Speaking of that socialist paradise New York City (see item 2), if things are going so well, why is capital fleeing? The latest embarrassment is the announcement by Google co-founder Sergey Brin – one of the wealthiest people on the planet – that he is pulling his money out of NY.

Brin just sold his shares in a New York real estate fund for pennies on the dollar.

“Institutional capital – both equity investors and lenders – are fleeing New York City’s rent stabilized apartment sector,” the company that managed his investment told the New York Post. “New York is in a doom loop created in large part by the 2019 Albany rent laws, which handcuff owners’ ability to recoup costs for necessary capital repairs and improvements, coupled with rapidly rising operating expenses and a hostile political establishment determined to freeze the rents no matter the real-life implications for residents.”