therealdeal.com/2022/07/28/car
"Because they’re tax class–protected, there is a premium investors are willing to pay. You know your taxes will stay stable for the foreseeable future, and in an inflationary environment like today, they could also be considered inflation hedges."
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Replying to
cc-ing every Senator and Assemblymember who refused to sponsor Good Cause because of some "property tax" increases making it untenable
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Replying to
The HSTPA is what MADE these good investments. You created 2 tiers of housing, perpetually deteriorating rent stabilized housing that becomes less desirable everyday & FM which now has more and more tenants chasing limited supply.
In boros RS & FM used to be close in rent.
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In 2019 the politicians released a slow moving wrecking ball against non luxury housing in NYC.
Until HSTPA is repealed or radically amended things are going to get much much worse.
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