Re:Why NYC Rent Is So High (It’s Not Airbnb)
by thegayngler on Tuesday July 19, 2016 @01:25PM
(#12123178)
Reading is your friend. 56% of the income generated from renting in an old building goes to taxes. That's scary high.
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Re:Why NYC Rent Is So High (It’s Not Airbnb)
by krschultz on Tuesday July 19, 2016 @01:49PM
(#12123410)
In this case not reading was the correct call, since this article just made a bunch of people on HN less informed. I look forward to the echoes of this showing up in every future HN thread on housing prices. I should save the debunkers for future reference.
Re:Why NYC Rent Is So High (It’s Not Airbnb)
by toomuchtodo on Tuesday July 19, 2016 @01:27PM
(#12123209)
Or, conversely, its better that the city is extracting those taxes for services instead of it being straight profit for landlords. Lowering taxes would not lower rent charged, it'd just be more money in the pocket of landlords.