A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

Re:A rent-stabilized 1 bedroom apartment for $1,100 In NYC? ... by rcpt on Saturday February 10, 2024 @12:08PM (#39327957)

California has the California Tax Postponement Program which predates Prop 13 and specifically protects poor old grandma.

Prop 13 wasn't passed as a law to help the unfortunate. It was anti tax hatred of the government. Jarvis wanted a "tax revolt" which is why all property in the state, even oil fields and golf courses, gets the tax break.

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Re:A rent-stabilized 1 bedroom apartment for $1,100 In NYC? ... by zamfi on Saturday February 10, 2024 @12:12PM (#39328001)

> Prop 13 wasn't passed as a law to help the unfortunate

No, but it was sold to the public that way of course.

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Re:A rent-stabilized 1 bedroom apartment for $1,100 In NYC? ... by bombcar on Saturday February 10, 2024 @12:53PM (#39328444)

Exactly. And now it will be nearly impossible to remove.

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Re:A rent-stabilized 1 bedroom apartment for $1,100 In NYC? ... by rcpt on Saturday February 10, 2024 @12:54PM (#39328462)

Jarvis was pretty upfront that he was "mad as hell" and wanted a "tax revolt".

Today yeah the marketing is 100% that it's a welfare program for seniors.

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