Taxing second homes would halt construction? Plenty of people out there wish to own a first home, myself included.

JuniperMesos an hour ago | parent | next [-]

How will that tax result in more houses existing?

	▲	stavros an hour ago \| parent \| next [-]
		It will result in fewer second homes existing, therefore more first homes.
	▲	lovich 42 minutes ago \| parent \| prev [-]
		How will this tax result in less houses available for people with no primary home existing? It’s a tax on second homes. If a single person sells due to the tax and someone who had 0 homes previously, it’s spread the scarce housing stock. Not to say we shouldn’t build more but acting like a tax on multiple homes is going to make houses less available to everyone is ludicrous.

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lovich an hour ago | parent | prev | next [-]

This guy thinks a tax on second homes in fucking NYC is going to disproportionately harm the middle class.

He is economically illiterate.

Edit: scratch that, he also mentioned leaving a rent controlled apartment because of a crabs in a bucket mentality. I think he’s lying to push his own political agenda which appears to be that of the rich never paying taxes.

I’ll lol if he’s some pleb like most of us and is just running defense for his “betters”

	▲	smallmancontrov 29 minutes ago \| parent [-]
		Or economically literate and malicious. Many such cases.

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busterarm an hour ago | parent | prev [-]

The cost of construction in _New York City_ generally sets a floor as far as who can afford to pay for it.

The per-apartment cost of construction in Manhattan is more than the retail price of my 3500sq ft house in near-rural South Carolina.