Posted on 12/16/2019 6:37:54 PM PST by GuavaCheesePuff
Brooklyn Heights has always been unaffordable. It is a gorgeous area with century old homes that have been kept pristine for generations. No one but millionaires and billionaires should expect to be able to own a town house there.
In NYS, it’s more about the property taxes.
Even if folks can afford the morgage, they can’t afford or don’t want to assume the property taxes.
We know folks who’ve bern trying to sell for years, but can’t because buyers don’t want to take on the property taxes.
I sold my home in NJ and gave up my NYC rental apt. In a small city in AL, I was able to pay cash for my 3 bedroom, 2 bathroom house with deck and old-fashioned front porch for $160,000. Taxes are $300 a year but once you hit 65, property taxes are not collected. My neighborhood was designed by Frederick Olmsted’s firm, the man who designed Central Park. Drop dead gorgeous.
Eliminate the Section 8 program, no reason why welfare recipients have a “right” to subsidized housing in Manhattan, in competition with working people.
Also, eliminate rent control. Suddenly, there will be housing for working people.
There’s rent stabilization for newer buildings. For about 28 years I lived in a building from the late 60s and had a rent stabilization contract with the landlord.
Great for seniors, but lousy public policy.
There might be housing, but without something done about what’s causing the high property taxes, the housing still won’t be affordable.
Oh, yeah? I paid my public policy for most of my life. And if you think money is going to fix the kids who go to school where I live...think again.
I've visited Staten Island once...a few years back. I wanted to see the house where Paul Castellano lived. With your screen name you should understand! :-)
So I got off the ferry and walked..a long,difficult walk.
The area where he lived looked quite affluent...a bit reminiscent of something you might see in Connecticut.
And BTW,speaking of "trashy" isn't Staten Island the only part of the city that votes Republican?
Sounds like you have a very nice setup. But isn’t Alabama a bit boring...particularly coming from NYC? The only two reasons I’m not living in,or near,Sarasota right now are 1) family and 2) humidity. I never have liked,and never will like,saunas.
Some of the property tax bills are outrageous...$40K...$50K a year. Add to that the obscene income taxes and you wonder how many banks they have to rob to get by.
The reason you might want to buy it is that you'll get at least some of that $35K a year back when you sell.
Miss M, what our republic needs desperately, and I say this as a soon-to-be-senior, is tax policy that favors breeders, not geezers. We need younguns breeding lots of little future taxpayers.
Tax policy that caters to seniors in order to buy their votes is lousy public policy.
Put your country first, not your purse :-)
“Any home with property taxes over $300 per year is slavery for State pension rackets
Can I change your statement a little?
Any home with property taxes is slavery.
One of my pet peeves is that there is no right to own property in this country.
I’ve been a good citizen my entire life and have helped more people financially than you’ll ever know so I reject your silly attempt to somehow shame me into paying more taxes than I already do.
Property taxes go to pay for public schools - not to encourage middle class people to have more children. I would have thought you knew that.
Only trouble with that is then you are living in W. Missouri. ;-)
No, I find it wonderful, not boring. I’ve made more friends in one year than I’ve made most of my life. Southerners are just more friendly and open than northeasterners, I guess. I live in a very historical city and since I love history, I’ve gotten involved with the historical society, an historical church as a docent and now have been hired by a small literary museum in town to take folks on tour. It was this museum that first spurred my move.
We also have a small theater company and did our first show here in November. We wowed them!
I live in a brick 950 sq. ft house on 1.25 acres 15 minutes outside of a metro area in the Deep South. It cost $55,000. The house needed no work. My property taxes are $200......a year.
I live in a brick 950 sq. ft house on 1.25 acres 15 minutes outside of a metro area in the Deep South. It cost $55,000. The house needed no work. My property taxes are $200......a year.
Story, so unaffordable an incarcerated inmate can afford. A letter to a friend on the outside reviels a business plan in the making. Slip and fall and other fraudulent jail lawsuit antics afford these criminals a way to be entrepreneurs and purchase burned out brownstones in their hood for pennies, fix them up and sell them for a million, nice. Your money at work
When my nephew was training at Mass General in Boston, he had an apartment within walking distance of the hospital that was incredibly expensive. Parking was an additional $300+ per month.......
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