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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 sukilot on Wednesday May 13, 2015 @10:54AM (#9539346)
NYC has the highest pop density of just about any city in the world. It has extremely high demand, due to its celebrity status making it a magnet for the whole world.
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Re:Why Billionaires Don't Pay Property Taxes in New York by LordKano on Wednesday May 13, 2015 @12:34PM (#9540148)
That high demand coupled with artificially low supply has led to exorbitant pricing in the NYC housing market.

Just because we can explain why it happens doesn't make those prices any less exorbitant.

Pricing is exorbitant in other facets of life in NYC as well but that is a separate discussion.

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