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A comment on Young Homebuyers Are Vanishing from the U.S.. Parent comment

Re:Young Homebuyers Are Vanishing from the U.S. by cpitman on Friday November 08, 2019 @11:15AM (#21483595)
Another thing to keep in mind, North Jersey has atrocious property taxes, and they keep going up.
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Re:Young Homebuyers Are Vanishing from the U.S. by murph-almighty on Friday November 08, 2019 @11:20AM (#21483659)
This is true. The saddest part about this is a lot of new construction are luxury apartment buildings with 10/20 year property tax abatements. These apartments sell for millions. That's an insane tax revenue loss that literally goes to people who will probably be fine without that abatement.
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Re:Young Homebuyers Are Vanishing from the U.S. by kmano8 on Friday November 08, 2019 @11:23AM (#21483689)
Not only that, but the abatement being attached to that property inflates its selling price.
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