jezus, are you a professional nitpicker or just some shill trying to discredited mr. Mamdani?
In said document he carefully explains that New York tax law is racist to begin with; https://s28299.pcdn.co/wp-content/uploads/2014/02/CAH-tax-lien-sale-report-final.pdf, and he wants to end that system so everyone has more equal opportunities.
He wants to END racist housing policies, not start a fucking race war.
That might have been true once, if ever, but it's certainly not true anymore. Actually fabulation is where most of the money is. Most 'investors' have gotten rich by accident and by an incredible amount of luck. They will tell you it was hard work, swear and blood but that is never true, it's being born in the right family and being in the right place at the time. These people aren't any smarter or better then you and me. And are just as susceptible to bullshit as you and me. Maybe even more so, because they think there exceptional skill has gotten them where they are. This means they will put there money quite easily in any endeavour that sounds plausible and/or profitable on their mind, but what usually is complete nonsense. What is more, once a few of these have put money on the table, fomo kicks in and all the bro's from the gym want in too, kicking of a cycle of complete and utter waste of money. All the while, telling everyone that this, THIS, this what the have put money on, is the next big thing.