Buying in NYC is just wild. A condo can have a 400$/mo tax, while the next door one is 1300/mo, and the other one down the street can be only 35$/mo for the f

Buying in NYC is just wild. A condo can have a 400$/mo tax, while the next door one is 1300/mo, and the other one down the street can be only 35$/mo for the first 20 years. There is also a mortgage tax of 2.05% for a loan, which is batshit crazy as it favors rich 'cash only' people, instead of middle class / poor folks. Also, everything over 1m has a 'mansion' tax, where a 1m gets you one bedroom, without even a washer and dryer, and also there is a 'new building tax' which is another 1% or 2%. For a 'not new' smallish 2bdr, 800sfq, in Greenpoint, the cost of purchase was 1.3m-1.35m and just the closing costs (taxes and all) was 55K! Just to buy a place (not talking about downpayment and all). With a current rates, you'd end up paying 9k-10k for a basic (10 years old) 2 bedroom, which is insane at any levels. Anways, end of my rant. The city needs to both build more, and lower taxes for residents, and raise them for anyone that is not a NY resident. Period. But the builders have resisted this, and Cuomo the coorporate stooge gorvenor we had vetoed/ended a initiative to have good taxation that favors residents. Building more and giving tax breaks to anyone (even foreginers/non state residents), is just a hand out to developers, and 1/3rd to those apartment will be used a 'storage' for outside money. Locals loose on this.