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A comment on Why NYC Rent Is So High (It’s Not Airbnb). Parent comment

Re:Why NYC Rent Is So High (It’s Not Airbnb) by _rpd on Tuesday July 19, 2016 @01:24PM (#12123177)
Article blames high city taxes. I always thought it was that rent is price controlled, resulting in undersupply.
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Re:Why NYC Rent Is So High (It’s Not Airbnb) by tsaoutourpants on Tuesday July 19, 2016 @02:08PM (#12123567)
This is certainly another issue. There are many reasons why NYC rent is so high. But >50% of your rent going to property taxes may be the #1 most significant.
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