Re:Why Billionaires Don't Pay Property Taxes in New York
by ceras on Tuesday May 12, 2015 @09:35PM
(#9536201)
> it's totally worth noting that NYC does a much better job than most cities at permitting the construction of new luxury units
NYC builds fewer units per resident than any city in the US except probably SF. It just looks impressive because each new building adds a mark to the most visible part of the skyline, but when you consider the volume of units across NYC it's really, really low.
Prices aren't at SF level, but they are still getting unreasonably high.
NYC builds fewer units per resident than any city in the US except probably SF. It just looks impressive because each new building adds a mark to the most visible part of the skyline, but when you consider the volume of units across NYC it's really, really low.
Prices aren't at SF level, but they are still getting unreasonably high.