2 ms·
Article blames high city taxes. I always thought it was that rent is price controlled, resulting in undersupply.
by _rpd 10y ago
Article blames high city taxes. I always thought it was that rent is price controlled, resulting in undersupply.
- tsaoutourpants 10y agoThis is certainly another issue. There are many reasons why NYC rent is so high. But >50% of your rent going to property taxes may be the #1 most significant.