Proposed NY Real Estate Tax Called 'Disaster' for Already Lagging Market

freebeacon.com/issues/proposed-ny...

A plan to tax wealthy apartment owners in New York City is being called a "disaster" for an already struggling real estate market.

Proposed NY Real Estate Tax Called 'Disaster' for Already Lagging Market

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guru

Big cities need to raise monies to pay for all the bread and circuses that maintain the mob at a suitable level of satisfaction, without completely trouncing the elites who inhabit the more desirable quarters. Metropolitan management at it's finest, although not in NY,NY

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master

It doesn't help that people are leaving the city.

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