Towards the end of the article, Mr. Bryne touches on a topic that is at the heart of a city devoid of culture --- people who buy large swaths of property and then do not live here. We don't need rent control, but we do need to build affordable housing instead of luxury condo after luxury condo for people to use a few weeks out of the year. The least expensive average rental price for a studio is $1481/month. Landlord…
I really think that New York City needs to institute _massive_ tax penalties for people who don't reside in their apartments as a primary residence. I know that our property taxes are already high, but just about everywhere else has big incentives for residing in your property. There's a lot of apartments in manhattan that are only lived in ~4 weeks a year and aren't rented out otherwise. I wouldn't be opposed to a h…
Is it really a problem that rich people aren't living in all of their homes simultaneously? No. That is their own business, don't worry about what they do, worry about what you do.
What is next, complaining that middle class families often leave one car sitting idly in their driveway?