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>it's also to discourage parking money in empty properties when it's one of the most expensive cities to live in and doesn't have enough housing Is that really
by gruez 5mo ago
>it's also to discourage parking money in empty properties when it's one of the most expensive cities to live in and doesn't have enough housing
Is that really needed when the homeowner vacancy rate is 1.3% in the New York-Newark-Jersey City MSA?
https://www.census.gov/housing/hvs/data/rates.html https://www.census.gov/housing/hvs/data/rates.html
- queenkjuul 5mo agoLots of the highest-value units are famously empty. The "pencil skyscrapers" in particular were called out in the media.
- lux-lux-lux 5mo agoThe actual vacancy rate is many times that, as properties are kept off market for a variety of reasons (one of which this tax directly addresses)
- gruez 5mo agoWhy wouldn't it be captured? This is from the census, so it presumably captures units that aren't on the market.