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I agree and I’d prefer to see apartments excluded from this. Apartments are what I want second-homeowners to own rather than hoarding valuable land.
by jimbob45 5mo ago
I agree and I’d prefer to see apartments excluded from this. Apartments are what I want second-homeowners to own rather than hoarding valuable land.
- kevin_thibedeau 5mo agoNYC is filled with apartments dedicated to the wealthy with token poor-doors for access to a few mandatory low income units in each building. All housing has to be subject to taxation for this to work.
- craftkiller 5mo agoWouldn't excluding apartments therefore exclude Ken Griffin's 238 million dollar penthouse? That seems like exactly the kind of 2nd home that this should be targeting.
- jimbob45 5mo agoYeah I hear you but I want to incentivize dense housing like that. If you live in Texas or Florida, it’s easy to see how second homes can entirely overtake acres and acres of land.
- closetohome 5mo ago> The bill exempts the following categories: > The primary residence of at least one owner. > The primary residence of a parent or child of at least one owner. > Cooperative and condominium units that are appraised at less than $5 million in the previous three years. > Properties and dwelling units that are rented to a NYC primary resident. (https://comptroller.nyc.gov/reports/the-pied-a-terre-tax-and-its-potential-revenues/ https://comptroller.nyc.gov/reports/the-pied-a-terre-tax-and...)