Manhattan rents cross $5k threshold for first time

Re:Manhattan rents cross $5k threshold for first time by EricDeb on Thursday July 14, 2022 @01:09PM (#32098761)

NYC has super low property tax. It's a win for no one

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Re:Manhattan rents cross $5k threshold for first time by dionidium on Thursday July 14, 2022 @02:38PM (#32099880)

If I were faced with a situation where the taxes were sub-optimally low, then I would simply raise the taxes, instead of trying to remake the entire concept of private property.

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Re:Manhattan rents cross $5k threshold for first time by colinmhayes on Thursday July 14, 2022 @03:15PM (#32100341)

Attracting billionaires is a win. Even if they’re just there for a couple weeks a year they’re providing a lot of prestige.

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Re:Manhattan rents cross $5k threshold for first time by LunaSea on Thursday July 14, 2022 @04:36PM (#32101125)

Prestige sounds like "paying in exposure" that artists keep hearing about.

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Re:Manhattan rents cross $5k threshold for first time by kyawzazaw on Friday July 15, 2022 @01:56AM (#32105033)

I mean brands do that. Look at Redbull having a F-1 team (and other sports team).

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