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Re:Why Billionaires Don't Pay Property Taxes in New York by allworknoplay on Tuesday May 12, 2015 @06:21PM (#9535374)
The unfortunate reality is that NYC was not as expensive until fairly recently, and lots of long-time residents have been utterly priced out of their long-time home.
Re:Why Billionaires Don't Pay Property Taxes in New York by CPLX on Tuesday May 12, 2015 @07:25PM (#9535675)
When I moved to NYC sixteen years ago I heard people say that same exact thing a lot.

I am pretty sure sixteen years before that people were also saying it.

Re:Why Billionaires Don't Pay Property Taxes in New York by wwweston on Tuesday May 12, 2015 @08:11PM (#9535887)
And it may well have been true at each point; wage stagnation goes back 50 years...