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MichMan

(17,253 posts)

15. I only visited once about 20 years ago while in NJ for work, so can't say

Reply to W_HAMILTON (Reply #14)

Sun Apr 19, 2026, 09:57 AM

20 hrs ago

Are there a lot of vacant unoccupied housing units sitting around that people can't afford to rent? People seem to still want to live there and pay what it takes.

I didn't see anything in the link about the tax plan being introduced to make making housing more affordable for everyone else. Perhaps I missed it. Are they planning on using the $$$ from taxing $5 million dollar non occupied residences in order to give everyone a housing subsidy?

Living in a big city is not for me, but to each their own.

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On Tax Day, Mamdani Taxed the Rich [View all] Celerity Saturday OP

People talk about rich people leaving a town if they're taxed as if that's a bad thing. Scrivener7 Saturday #1

I'm glad she got out of Mamdani's way on this issue. It IS worth doing. The ultra-rich need to pay their way. ...n/t CaliforniaPeggy Saturday #2

glad to see you are feeling better my dear Peggy! Celerity Saturday #3

Thanks so much, my dear Celerity! My recovery is pretty sluggish, but it's happening. CaliforniaPeggy Saturday #5

Why specifically target those that don't live there full time? MichMan Saturday #4

I believe the intention was to get property tax dollars out of those who were leaving the city... PeaceWave Saturday #6

That makes some sense MichMan Saturday #7

Presumably, property tax revenue would stay at least where it currently is... PeaceWave Saturday #8

Also, NYC has become the land of money laundering absentee owners. Saudis and billionaires and Scrivener7 Saturday #9

Why not just double or triple their property taxes? MichMan 20 hrs ago #10

They could do that. Or they could do this. They chose this. Scrivener7 20 hrs ago #11

They would get a lot more revenue this way, because it would apply to all owners, whether they lived there or not. MichMan 20 hrs ago #12

Again, they could have chosen that, but they seem to want to go after the absentee owners with this. Scrivener7 20 hrs ago #13

Do you think housing prices are a problem in New York City? W_HAMILTON 20 hrs ago #14

I only visited once about 20 years ago while in NJ for work, so can't say MichMan 20 hrs ago #15

Yes, that's what the article explicitly said. W_HAMILTON 19 hrs ago #16

I don't see where the Mayor says anything about intent of the tax being about affordable housing. MichMan 9 hrs ago #17

Why does he need to say it ? More houses available for sale JI7 7 hrs ago #19

You may be right; the extra 0.35% might just be enough to make a difference. MichMan 7 hrs ago #20

Why are they buying up houses which increase the cost of all housing ? JI7 7 hrs ago #18

Their apartments are empty most of the time, while others go homeless. thought crime 6 hrs ago #21

Hopefully, all of them will sell and leave for good MichMan 6 hrs ago #22