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> the poorest people in the city live in big apartment buildings The poorest people live in rent regulated or subsidized housing so this discussion is not rele
by vostok 10y ago
> the poorest people in the city live in big apartment buildings
The poorest people live in rent regulated or subsidized housing so this discussion is not relevant to their situation.
> Which doesn't make a whole lot of sense, because the poorest people in the city live in big apartment buildings and many of the wealthiest people in the city live in single family town homes.
My experience is that the wealthy in NY prefer apartment buildings to townhouses.
- bradleyjg 10y agoFeel free to let Mike Bloomberg know he is doing it wrong.
- vostok 10y agoI never said that he's doing anything wrong.
- mikeryan 10y agoMore importantly the poorest people aren't buying - they're renting so the whole property tax issue is moot.
- epistasis 10y agoThe cost of property taxes gets reflected in the market prices of rents.