Re:Why Billionaires Don't Pay Property Taxes in New York
by krschultz on Tuesday May 12, 2015 @06:30PM
(#9535425)
This misses the mark completely on what the NYC building market is like.
For better or worse, building rights are extremely limited. Developers do everything they can to get more building rights. I can't think of any recent building that went up and was limited by demand for space and not by what the building code would allow them to build.
You can assume that given a different set of incentives, the buildings going up would have a different mix of units.
For better or worse, building rights are extremely limited. Developers do everything they can to get more building rights. I can't think of any recent building that went up and was limited by demand for space and not by what the building code would allow them to build.
You can assume that given a different set of incentives, the buildings going up would have a different mix of units.