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A comment on Why Billionaires Don't Pay Property Taxes in New York. Parent comment

Re:Why Billionaires Don't Pay Property Taxes in New York by bko on Tuesday May 12, 2015 @06:03PM (#9535272)
Perhaps effectiveness of housing policy could be measured by the price changes as population grows. Texas for instance has very loose zoning regulations, with high population growth and below median home prices. Also, Texas didn't have the huge run-up in housing appreciation as did many other states, and hence virtually no subsequent crash [0]. During that time Texas has grown in population substantially. To be fair, New York didn't have much of a crash either but the housing market is very expensive.

I love NY. I choose to live here. I don't like high rent though.

I'm just a little weary of allowing political bodies to determine the right "urban environment" as these same bodies have used their powers for segregation. Sure, diversity sounds good, but it sometimes leaves a bad taste in my mouth. For instance, ~70% of Stuyvesant High School is Asian and admission is based solely on a test. Should Asian's be prevented from attending?

[0] http://static.cdn-seekingalpha.com/uploads/2015/5/11/sauploa... [1] http://seekingalpha.com/article/3167336-houston-wavers-but-t...

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Re:Why Billionaires Don't Pay Property Taxes in New York by a8da6b0c91d on Tuesday May 12, 2015 @06:11PM (#9535316)
The high rent is deliberate policy. You are kinda missing the point. The reason NYC is safe now whereas it was a war-zone in the 80s is all the criminals had to move away because of higher rent. The government deliberately got rid of most of the section 8 housing and constricted the supply of cheap apartments. They want to price people out.
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Re:Why Billionaires Don't Pay Property Taxes in New York by bko on Tuesday May 12, 2015 @09:22PM (#9536146)
There are still a lot of housing projects throughout Manhattan, sometimes adjacent to very expensive housing. An example is the largest projects in Manhattan, Baruch Houses, 17 buildings, 27 acres. This is right across the street from The Ludlow which most recently rented a one-bedroom for $4,485 a month.
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