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HES DESTROYING THE CITY
>>
>>533201492
Who cares about boomer kikes second homes. The elderly better be careful, the day of the pillow commeth
>>
It's crazy that every home was revalued this year to be worth $4,999,999. What a fucking oddity that is!

This is why people say these guys are fucking retards. Not because they like the rich, but because these dumb fucking inept cunts act as the champion for the poor while strategically letting the rich go at every single possible turn.
>>
lol why jew mad tho?
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>>533201492
lol unironically based and gay at the same time. Just tax all second homes you muzzle faggot
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>>533201492
oh no, not new york the precious jewel of america
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>>533201492
this is really gonna hurt small mom and pop second 5 million dollar home owners =(
>>
>>533201709
this is good.
it's better to have fairly rich people living full time in the city rather than a lot of ultra rich who only show up once or twice per year.
>>
>>533201492
Not the worst thing, but an additional property tax is just going to contribute more to the housing affordability crisis. Higher property taxes directly increases rents and indirectly increases prices by reducing new construction. The best case scenario is that people who own 2nd homes are forced to sell at a lower price than they would have previously agreed to, but any marginal supply increase is going to be offset by the previously mentioned reduction in new construction that higher property taxes always leads to.
>>
This is SECOND 5 million home lol. Dragon cunts sitting on hoards.
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>>533201492

oh no this might affect taylor swift. But it presents a business opportunity. Build luxury high rise multimillionaire dollar sky mansions across the river in New Jersey.
>>
>>533201492
Oh no we must protect the second (and third or fourth) homes of ultra wealthy people. If they get taxed they can’t afford to pay us
>>
No clue. But you went out of your way to change your flag into a gay lil memeflag, so I thought I’d just drop in and let you know you’re a gigantic faggot.
>>
>>533201492
Ultra based plan fuck foreign investors if you want a giga penthouse in Manhattan you will pay to feed Americans plain and simple
>>
>>533201849
>>533201821
>>533201769
>>533201761
>>533201717
>>533201634
Fuck off commie faggots first this then next they'll be forcing us to suck tranny cock
>>
>>533202414
oh no please mr. mamdani don't make me suck the hot tranny cock noooooo
>>
>>533202414
why would you be forced to suck tranny cock?
>>
>>533201492
>Seething landlords
What's the problem?
>>
>>533201492
sound like he knows what he's doing
>>
ITT: rentoids
>>
Went from proposing higher taxes on upper incomes to property taxes on $5 million vacation homes for non-residents. Pitiful.
He needs to get rid of the woman.
>>
>>533201978
Thank God someone has economic sense here. You're right this won't really do much long term. Its a short term move to cover the gap created by his commie policies driving people out. He will run out of other people's money. If he actually gets a free/low cost grocery going he will undercut every cornershop and small market in the area leaving only the giants and his "post office" grocery. Further reducing tax revenues and widening the gap between haves and the have nots as the middle class shrinks. Why do commies lack actual understanding of economic sense? If you want to remove the wealth gap you grow the middle class. If you want to feed the poor you subsidize staple food items at all grocery shops in your jurisdiction instead of undercutting small business and driving people to the giants or your free shop. You'll just end up making the Walmarts richer and everyone else poorer. In a few years NY will resemble Mexico City in terms of wealth inequality.
>>
>>533201492
>ultrawealthy out-of-state resident
No, this is good, fuck those fags

>>533201761
This instead has imgur fag energy all over, fuck off out of my board boomer
>>
>>533201492
WHAT A FUCKING CHAD!!!
I BOW TO THE KING!!!
O7Z
>>
What's with constantly calling people communists when they've never ever indicated anything of the sort?
It doesn't mean whatever you don't like. It's a specific ideology, one which there is no evidence of mandani ever adhering to.
Stop being an intellectually lazy piece of shit, that's actual degeneracy to speak of things you have not even tried to learn about.
Go read Marx and Engels. It's a short project requiring very little effort, they were not prolific writers, it shouldn't take you long.
I'd mention some of their contemporaries to help with context but since you can't even read a few fucking essays, I won't bother.
It's absolutely ridiculous that you've never even tried to learn about this subject in particular due to how it has shaped modern geopolitics.
I can not overstate what a lazy ignorant piece of shit you are for babbling about things that you wilfully choose not to understand. This is the act of an actual classical idiot, you should be better then this simply by virtue of being literate.
But you can change your behaviour, you can grow up and buckle down and put forth the effort to grasp the world that you live in if you simply try.
And there are benefits to educating yourself, like for example you'll be able to refute communism for what it actually is and isn't, instead of just using a complex topic as a vapid thought-termination cliche. Retard.
As it stands, you'd make any actual communist laugh and collapse up their own ass in smugness.
I can make them have an absolute mental breakdown with one simple word.
Go learn about this subject and I bet you'll easily figure out what word that is and why they can't do anything but collapse when presented with it.
>>
>>533201492
good, fuck those faggots buying multiple properties.
>>
>>533201492
He better run for president one day
>>
Based. Rich fucks need to be taxed more. I make 6 figures and I support higher taxes on the wealthy
>>
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>>533201492
commies stay winning
seethe miggers
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>>533201709
>just don't even try anything because the rich will just won't cooperate
Legit cuck outlook
>>
>>533201709
Seethe more lolbertarian
>>
>>533201492
>HES DESTROYING THE CITY
yes that's the whole point just sit back and watch and laugh
>>
>>533202414
Stop projecting your fantasies migger.
>>
>>533202899
>>533203015
haha you guys are fags, the rich will sell their 2nd homes before they pay the retarded rich tax. These dirty commies can't wait to get their hands on money that they will not get because their shitty city isn't worth it. Fucking Losers
>>
>>533201492
I had a similar idea for here, since most of the people that actually own homes are either ancient and bought them when they were the price of a used car, or from out of country.
>"home" implies residential zoned developments for non-commercial use
>tax only applied after first sale from the developer, as to avoid creating a "build slower, sell faster" incentive
>first home is untaxed
>second home is taxed at slightly below the usual rate as having a vacation home is an aspirational goal that everyone should be allowed to strive for
>rate increases exponentially with each additional home after the second
>no cap to the rate
>rate applies after owning the home for more than 9 months, giving companies the chance to still buy, renovate, and resell properties
>exception made for high density residential buildings in cities (apartments, condos, etc) as having the whole building managed by one company makes maintenance and upkeep more efficient to handle, while still keeping rent down through lowered home prices, essentially making the average mortgage payment a soft upper limit to rent
>no further exceptions made for any other situation
The end result would be lower prices for homes due to the need to sell the home by a set date or incur steep financial penalties.
It effectively makes the asset a liability for anyone neither producing them, nor using them for their intended purpose.

>but wouldn't that wipe out boomers who bought homes generations ago and now treat them as a retirement fund?
Potentially, but anyone that grew up in the most prosperous generation in history and didn't save for their own retirement, outside of acquiring residential properties with the intent to resell them at unaffordable prices and lock out multiple generations from owning a place to live, has no one but themselves to blame for their failure in planning.
>>
>>533201492
They will just transfer the properties to in-state shell companies. This accomplishes nothing but driving housing costs even higher.
>>
>>533202784
>Read a book and believe it will work out the way the author says it does
Stfu jamboy. How bout you read a history book on the successes of communism. List em for us. Start a small business see how hard that is. Try living in a communist country (not visiting). Have some actual fucking life experience and stop pretending the kike commies in your bedtime stories had the people's best interests at heart. Youre too old for fairy tales but too young to actually know anything.
>>
>>533201492
he wants to spend 100 million a year on a city owned grocery. 500 million is nothing
>>
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Good news for flyovers they can welcome NYC millionaires to move to their state. Republicans love millionaires and billionaires.
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>>533201492
You don't need to charge 1000$ dollars a day for a closet-sized apartment room, Goldstein. I hope he tanks NYC's value by a billion.
>>
>>533202137
the fact that new jersey hasn't taken advantage of the shenanigans in new york is so fucking crazy. new jersey should advertise itself as the good QOL suburbs of philly and nyc. instead, it's the backwaters
>>
>“What I want to make sure we are smart about is having a system in place where it's not just taxing for the sake of taxing and being conscious of the fact that I need people who are high net worth to support the generous social programs that we want to have in our state,” she said (1).

>At the same time, she pointed to signs that New York’s tax base has weakened as some affluent residents have relocated — particularly to low-tax states like Florida.

>“Our tax base has been eroded,” Hochul said, suggesting that those looking to help should “go down to Palm Beach and see who you can bring back home.”

>She also acknowledged the competitive pressure New York faces from other states with lighter tax burdens.

>“We are in competition with other states who have less of a tax burden on their corporations and their individuals,” she said, adding that the rise of remote work has made it easier for people and businesses to leave.

>Hochul pointed to Wall Street firms exploring moves to places like Texas as an example, arguing that tax policy plays a major role in those decisions.

>“They're not going there because they have a nicer governor — I know that for sure — but they're going there because of the tax rate,” she said.

SOOOOOOOOOOOOOO FUCKING STUPID!!

https://finance.yahoo.com/economy/policy/articles/kathy-hochul-pleads-rich-yorkers-165700073.html
>>
>>533202414
>migger immediately brings up tranny cock
is this the migger corollary to mutt's law?
>>
>>533202784
>using a complex topic as a vapid thought-termination cliche

You're a vapid thought-termination cliche

>I bet you'll easily figure out what word that is
niggerfaggot
>>
>>533201492
It really makes me seethe that a generational level leader is some fake smiling Muslim. I wonder if even his religion is fake. However, admittedly, he is a visionary. I have no idea why people complain so bitchily (is this really a word?) about a man balancing the budget, apparently that is all this is for. If you have to tax this is the most perfect tax I can think of. We have no idea if people will really move out, I think its fearmongering. These rich freaks LOVE living in NYC and will pay whatever it takes.
>>
>second homes
OY VEY IT'S ANUDDAH SHOAH
>>
>>533201769
its because jews dodge city taxes by having their nyc home not be their primary residence

this is really simply closing a giant loophole
>>
>>533201709
>It's crazy that every home was revalued this year to be worth $4,999,999. What a fucking oddity that is!
Didn't Trump get busted for pulling this same shit with one (or more) of his buildings? How would these homeowners explain to the taxman that their 30 million dollar homes in the Hamptons suddenly tanked in value?
>>
>>533201492
I like this guy.
>>
>>533201492
>HES DESTROYING THE CITY
It's basically the Venezuela template. Elect a socialist. Tank the economy. Buy up all the property when it's all super cheap. Own NYC. It's what they wanted to do to the entire U.S. until Trump entered into the picture (mostly because real estate is his thing and he stood to lose everything).
>>
>>533204186
Dunno he is kinda creepy in some kind of way but overall i think i like him.
>>
>>533204186
>It really makes me seethe that a generational level leader is some fake smiling Muslim
This faggot isn't some kind of generational leader. He's they lackey China is using to destroy NYC.
>>
>>533201492.

I'll stop him.
>>
Taxing secondary homes worth over 5 million usd was literally the first thing stalin did to the ukraine right before gulags and holodomor, goy need to get their heads out of their uncircumcised asses before its too late
>>
>>533201761
Imagine being this trump derranged syndome
jesus
>>
>>533203386
Jew Jersey is an equally blue shithole. They just had that fat fuck as mayor because they're cheap jews.
>>
>>533201769
>lol unironically based and gay at the same time
Id Osama did nothing wrong
>>
>>533203047
>BOOM:
wtf is this and why does it piss me off
>>
I couldn't care less if new york falls.
>>
>>533204312
You were probably trying to be ironic, but Stalin did implement a "surplus" agriculture tax that essentially created the entire clusterfuck of Holodomor. And because the U.S. economy is driven by finance and housing loans are what buoy the finance industry, this is very much similar to what Stalin did in the Ukraine.
>>
You lost you loser
>>
>>533201492
American voted for guy who hates America
>>
>>533204383
>Jew Jersey is an equally blue shithole.
It's equally blue but an even bigger shithole. The entirety of Northern New Jersey is basically a toxic dump Superfund site with abandoned buildings.
>>
>>533201492
This is cool and everything, but it's also not impactful. The problem with housing is not that rich people own too many $5m+ homes but that there are too few <$500k homes.

The part that smells the worst is that Hochul is involved. The article makes it sound like Zohran is a teenager asking mom for permission to take the car for a spin. Hochul is a dyed-in-the-wool corporate donorcrat. She is a politician of and for the donor class.
>>
LMFAO it's hilarious watching leftists proudly destroy their home of NYC

It's going to be YET ANOTHER EXAMPLE of socialism failing miserably.

Mandani's budget is retardedly large and bankrupting the city

/pol/ supports him because this board is filled with communist bootlicking retards that deserve to be drowned
>>
>>533201492
>more taxes to address the city's deficit
Shouldn't they stop spending too much instead?
>>
I just hope it works
>>
>>533205105
>I just hope it works
>socialism is going to magically work after failing a trillion times
You people should be banned from voting.

at least we get another example of socialism failing to rub in these sociopath's faces lol
>>
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>>533201492
Every time I see his face in the catalog, my brain automatically plays "HI, BILLY MAYS HERE"
Am I a face blind retard?
>>
>>533201709
who gives a fuck

ny property taxes are actually absurdly low for >$5mm houses. even a $30mm house in the hamptons will pay less prop tax than the same house in texas or florida. the middle class homeowner (anything $500k-1mm) gets raped when theyre paying $10-20k/yr in prop taxes as a household that makes $2-300k a year pre-tax

>>533201931
nyc real estate is a investment vehicle/store of value for financial markets + store of wealth, just like london
>>
>>533204482
Yup exactly, 100 million goy I mean americans will be dead in 2 more weeks, they never learn it seems
>>
>>533204425
It's the last sound he heard.
>>
>>533204348
Who said anything about Trump?
>>
>>533205803
Beard blindness
>>
>>533206004
I don't understand why you bitter losers want to live in poverty
you clearly see your system causing poverty and death and you support it anyway
is it a fetish thing? are you a cuck?
>>
>>533205803
Now that you mention it he does look similar.
>>
>>533201492
Based. Landlords and rich boomers will fuckin' hang!
>>
>>533201709
>my completely made up scenario proves he is wrong
>>
>>533206296
lmao, not only will this not happen
but us Libertarian GODS will gain yet ANOTHER example of socialism and sociopathic ideologies failing miserably

This is going to be hilarious
>>
>>533201492
no no NO how will mr shekelberg afford this
>>
>>533206148
Nobody mentioned Trump, of course…
But calling a Muslim socialist NYC mayor and the Pope the 'two greatest Americans in public life' only makes sense if your entire metric is 'how much they hate Trump.' Without him they’d have zero meme and zero relevance. Peak TDS.
>>
>>533201492
democratic socialists getting more done in a few months than actual democrats have done in ten years
> b but bernie
> bernie has a second home
> * taxes gigalandlords to death*
you love to see it
>>
>>533201492
>Tax out of state residents
fucking finally. those smug bastards that make NY wages living out of state for cheap can go fuck themselves. hopefully they all can move back and leave florida alone.
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>>533206415
>vote for civilization destroying socialism to fight the yids
uh good job?
you wont get shit btw
>>
>>533206526
lmfao
I can't wait for mamdani's retarded economically illiterate policies to inevitably fail and for you retards to be utterly confused as to why there is a housing shortage, rent has increased, crime has increased and there's no jobs
holy fuck, PLEASE move to NYC you sociopathic loser lmao
>>
>>533201761
This image will NOT age well.
NYC is going to turn into chicago in a few years
Will be hilarious to see
>>
>>533206296
The bible says you are supposed to love your landlords bro, that's why we call them "lords"

Also socialism has never worked, except in scandinavia, most of the west, china, and america for like a century after the new deal, so yeah its never worked
>>
>>533201492
They voted for this
>>
>>533202650
>In a few years NY will resemble Mexico City in terms of wealth inequality.
You were spot on with the rest, but this is too quick. It'll take longer than that.
>>
>>533206711
>scandinavia
Moved away from it in the 90s because it bankrupted them
The wealthiest euro countries are the ones with the freest markets, the poorest are the ones with the most socialism
lol

>most of the west
LMFAO where?

>china
60 million people starved to death under mao
Workers in capitalist Taiwan make roughly 4x what workers in china make
LOL
>and america for like a century after the new deal
That period was far more free market than the central bank commie shithole we live under today.

How fucking brainwashed are you?
It's like you drank all of the kool-aid.
>>
They will just leave, the rich have no place they call home, they can live anywhere.
>>
>>533201492
>Taxing second homes
This is a good thing actually.
>>
>>533201492
i have zero issue with taxing second homes. that shit ruins life for full-time residents
>>
>>533204603
*guy who doesn't worship Israel
>>
>>533201492
imagine being broke and being angry about this
>>
>>533207183
I'm laughing at it.
This policy won't do much, but his other policies like rent control, soft on crime, giga increased spending and taxes are going to destroy NYC and I get to watch these little commie manchildren cry and cry
>>
>>533207311
>this democrat is going to destroy nyc!!!!!!!!!!
and it never does.
>>
>>533207380
>and it never does.
look at chicago,
look at san Francisco
look at detroit
I mean what the fuck are you talking about?
>>
>>533207535
they were already shitholes yet people keep going back to them for some reason
>>
>>533206370
>>>533206296
>lmao, not only will this not happen
>but us Libertarian GODS will gain yet ANOTHER example of socialism and sociopathic ideologies failing miserably
>This is going to be hilarious

libertarians in Florida...
-Implemented direct democracy then
-Used it to implement balanced budgets
-End income tax
-Working to end real estate/asset taxes
-Sales taxes and any workarounds will be last.
The effort's initials are even a take-off on old Bureau of Internal Revenue Service--B.I.R.S.

The DSA is apoplectic, calling libertarians fascists, thieves, etc.

The international libertarian platform wants all who desire to have a minimum 4 self-sustaining eco-homes, meanwhile.

#TaxationIsTheft.
>>
>>533209217
>hours later
>still seething
>>
>>533206004
Capitalism has ensured we are beyond being concerned about starvation, for the moment. The problem with faggots like Mamdani is that his brand of Socialism will undermine Capitalism, similar to what Chavez did in Venezuela. A Capitalist country with one of the highest GDPs in the world slowly degenerated to a point where they were eating zoo animals to fend off starvation. So no. 200 million goyim will not starve next week. Give it about 10 years though.
>>
>>533206711
>Also socialism has never worked, except in scandinavia, most of the west, china, and america for like a century after the new deal
Socialism works incredibly well in racially homogenous populations with shared ethnic values. Which describes each of the countries you are talking about. The New Deal worked in America because it was a deal between white people. You can have diversity or socialism, but you can't have both.
>>
>>533201492
Oh noes. Soros is confiscating jewish money like his dad did.
>>
>>533207380
>this democrat is going to destroy nyc!!!!!!!!!!
>and it never does.
Apparently you have no idea what Dinkins era NYC was
>>
>>533201492
jews hardest hit.
>>533201709
>$4,999,999
Until the loopholes are closest, that is.
>>533202414
>>533202599
get gassed, subhuman kike parasites. >>533201492
>>
>>533201709
>>Checks your taxes
You forgot to ad *arbitrary line item* that will be taxes please! If not I got a gun.
>>
>>533201492
does he have something which deals with people putting these expensive second homes in Trusts managed by carribbeans? do people need to actually register they are the person whoowns a house and that houses cannot be owned by companies?
in london they wanted a register of rich people who owned homes, but you just put it as an asset of a tax haven trust and had the contact as a random person.
>>
>>533202888
i support higher taxes if it comes with less borrowing. borrowed money for government is just deferred taxes with increased expense.
>>
>>533201492
He might actually free up housing for the people who work in and for the city. Son of a bitch I am in.
>>
>>533201634
Taxing the fuck out of multiple homemoqners was how we kept homes opennfor new families. If you want americans to breed and need fewer immegrants you need the american dream to be alive.
>>
>>533201492
Who is this foreigner, why are mutts praising him so much, and how do the Jews of New York permit this?
>>
>>533202414
Well since you already suck Jew ones you got plenty of experience.
>>
>>533204425
Charlie was an avid praiser of Trump's big W of achieving Buttsex in Botswana agenda.
Are you a communist brown tranny woman if you can't see the win?
>>
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>>533201492
destruction of jew york city is a good thing thoughbeitfully
>>
>>533201492
Based.
NOVA EBORACUM DELENDA EST.
>>
LANDLORD JEWS ARE LOSING MONEY AND YOU ARE LAUGHING
>>
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>>533201492
>HES DESTROYING THE CITY
This sounds pretty based. Watching wealthy retarded threaten to leave and never do because it's New York City. They're not going anywhere. I don't know do many of you working class idiots run defense for these people when we have record-breaking income inequality. Literally worse inequality than at the peak of the Great depression
>>
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>>533201492
>SOMEONE STOP THIS FUCKING COMMUNIST
as our nation crumbles and burns around you because of the orange retard you voted into office, you are worried about some mayor of a city that you'll never visit. miggers never cease to amaze me
>>
>>533201709
Whoa dog. Thats exactly how taxes work. Each year you can just say you only made 1 penny and all your assets are only worth 1 penny and nobody can ever check your claim.

Incredible that literally everyone has been doing this and getting away with it.
>>
No one should be able to own more than one house. Also all non white males should be executed
>>
>>533201709
All figs are equal but some figs are MORE equal
>>
>>533211358
>inflation eventually makes more and more second homes qualify for "5 million dollar" status
>it becomes a random nonsense charge
>capital flight
this has happened before by the way, why is it different this time?
>>
>>533204262
They don't need to do anything NYC already operates this way.
The tax assessment value is already 100x lower than the actual value.
Same problem as in SF, old property holders lock-in their low tax rate.
For example: property tax rate on NYC Brownstones is 20%, some Boomers locked in 0.2% due to assessment practices.
https://www.nytimes.com/2024/04/02/nyregion/nyc-property-tax.html
>>
>>533201709
>second homes at 5milly will be taxored
>also if you try and avoid this by doing something so fucking obvious like valuate your home under this by a few bucks you go to jail
Simple really. Many laws already operate on this principle.
>>
>>533206929
It is good, but not when it only applies to out of state owners with $5 million properties. It does nothing to make housing more affordable for the average person, while driving away all the rich people that contribute the most in taxes.
>>
>>533201492
Pay your taxes kike.
>>
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>>533212174
This is KEY INFO.
Thanks for sharing that, anon.
JEWS certainly don't want these FACTS to be entered into the discussion..
>Mamdani is teh Devil!!!
Nope, sorry Jews.
>>
>>533201709
Anon, that would be these people erasing tens of millions of dollars of their net worth. They would rather pay the taxes than do that.
>>
>>533203199
Mamdanin wants them to sell there houses to help the housing crisis dumbshit lol
>>
>>533201492
>second homes
I could not possibly have less sympathy.
>>
>>533203199
Mamdanin wants them to sell their houses to help the housing crisis dumbshit lol
>>
>>533201978
WRONG. Rents are priced as high as the market will bear. Tax increases on properties come straight out of landlords pockets. They literally CAN'T increase the rents because they're already charging as much as they can, further increases just increases vacancies. If anything, taxes on landlord LOWER rents because they make being a landlord less profitable, which encourages landlords to SELL their rental properties, which increases housing supply on the market, lowering rents.
>>
>>533217946
Right? Think of the conditions on this:

> second homes
> out of state
> 5 million dollars or more

Anyone who is actually affected by this is some wealthy asshole locking down a multi-million dollar property that they use in New York like one or twice a year because they think they are too good for hotels. Also, consider that many of these people will actually not even be americans. Think how many foreign oligarchs and the like have properties like this in NYC because its a major trade hub they do business in. Those are the sort of people going to get hit by this tax, not anything even remotely considered a regular person.
>>
>>533201709
>pls do nothing
death to oligarchs and death to their supporters
>>
>>533203199
>Richfags sell their unused multiple homes
>Housing prices drop as more supply hits the market
>This is bad because gommunism is evillllllllll
ameritards are a special breed of stupid lol
satan smiles at ben shapiro for conning an entire nation into worshiping landlords
>>
>>533206620
>HOW DARE A DEMOCRAT ACTUALLY TAX RICH PEOPLE
>I HOPE NEW YORK FAILS

aaaaand this is why america is collapsing chat
literal crab of buckets
>>
>>533203199
Ohhh noooooo not more housing supply
>>
>>533218210
Hahahaha. God you’re fucking stupid.
>richfags sell their homes
>no one can afford them except richfags’ funds
>the price keeps rising
>>
>>533211747
It’s different because retarded communists imagine it will be. The actual functional mechanism is not something they could begin to explain because they don’t actually have a plan other than seizing everything.
>>
>>533218317
if they can't sell their homes they will pay the tax
if they sell to other rich people the new rich people will pay the tax

it's actually a genious move
>>
>>533218317
>Richfag buys the house without lowering the price
>They pay the property tax
Miggers are the rawest display of stupidity.
>>
>>533201492
Based as fuck
>>
>>533218317
The more property is taxed, the less valuable it is to investors. The less valuable something is to investors, the lower the price goes.

The value of land is based on location, that value either goes into the hands of private investors or government. If it goes to government, people might at least get some services out of it. If it goes to investors they just buy another property with it
>>
>>533218273
>aaaaand this is why america is collapsing chat
>literal crab of buckets
aaaaand this is why Mexico isn't a real country.
>>
>>533218317
Did you even read the OP? The tax only applies to people who own multiple homes
>>
>>533201492
>taxing jews who own a second home
Zohran is based
>>
>>533218526
t.
>>
>>533201492
>to the deficit
Can they send it to the lower 90% who can't afford groceries instead?
>>
>>533201978
>Higher property taxes directly increases rent
It says it will be a tax on 2nd homes. Meaning they were not being rented out anyway
>>
>>533218649
they are making affordable grocery stores for that
>>
>>533201709
Kid, you're a stupid little bitch.
>>
>>533203047
Nice
>>
>>533204617

You know nothing about Northern NJ. It's basically one giant urban sprawl without a central city. The entire region is one of the most densely populated areas of its size in the entire country, if not the densest. If there's an abandoned building, the lot it sits on is worth $2.5 million. Housing prices (((falling))) around the country, but North Jersey home prices increased by over 6% in the last year. The region is booming and the growth is still accelerating.
>>
>>533218529
>establish NY based trust for each property you own
>costs nothing and circumvents the tax
Lel
>>
>>533201492
I dont want to be a hater.
>>
>>533201492
> cucked OP defending multimillionaires
>>
>>533203199
>Please leave the foreign billionaires alone
You are now one of these people
>>
>>533201492
Kill all rich people
>>
>noooooo not the kikes hoarding homes, the exact thing 4chan has been bitching about for a decade as a reason for everything from still living with your parents to not being able to breed
>I MUST CONTROOOON
>>
>>533218273
>literal crab of buckets
This kinda sounds like you are talking about a crab made of buckets. The expression is crabs in a bucket.
>>
>>533202889
You do realize he watches her take Tyrone's BBC every day right?
>>
>>533203199
> perfect example of /pol/. broke incel raging at something that would improve their lives.

You'd think these guys get paid by billionaires - like $7,000 per 100 posts.
Sad thing is they do it for free.
>>
>>533201492
>Socialists taking excess tax revenue and being financially responsible with it
Had this ever happened before
>>
>>533219116
yeah better give it to the fat orange retard so it goes to wars for isreal
>>
>>533219116
How many homes do you own?
>>
>>533218273
Most of the people who live here are pretty alright, honestly.
Our loudest, dumbest faggots just spend a lot of time posting online or standing in front of the media’s cameras.
>>
oh no, think of the poor, out of state uber rich property owners
>>
>>533211309
Imagine dick riding a jewish millionare, will he give up his three houses to the workers and live in a trailer?
>>
>>533201492
Honestly I just don't really care about rich people's second homes. They should be able to sell and get 2nd homes elsewhere. I'm more worried about after this happens and they move onto to taxing middle and working classers primary residences way higher, which is inevitable.
>>
>>533211336
haha you lost faggot
>>
>>533219401
>I'm more worried about something that won't happen
American conservativism
>>
>>533204308
>Chyna
NYC has been a shithole since forever
>>
>>533219527
>implying a tax raise on the middle class is somehow a rarity
Lol are you fucking stupid or extremely stupid?

First of all, there are no real factions. Theres two different groups led by jews, second of all, fag politics are never going to get us out of this mess. Weak pussies like you are who got us here.
>>
>>533201492
Honestly I just don't really care about rich people's second homes. They should be able to sell and get 2nd homes elsewhere. I'm more worried about after this happens and they move onto to taxing middle and working classers primary residences way higher, which is inevitable.
>>
>>533202137
You just know
>>
>>533219526
Communism will triumph in America and Mamdani will be the Chairman of the Peoples Republic of the former united states
>>
>>533219116
No they're going to give 90% of it to niggers so they can spend it on kike businesses, but the alternative is a giving an "incentive" to some corrupt kike so he can buy up a part of the city and then talk about how you're ungrateful and if you worked more, you'd have all that stuff just like him, so idk. There is no left-right, only kike corruption flavors.
>>
>>533201492
>we can just squeeze another 500 million by taxing high priced homes
this is utterly delusional
nobody wants to buy in NY as it is because of this
this is just guaranteeing that people will sell to avoid the tax
buyers will be scarce so the property values will drop
ultimately after they secure about 12 million from this and NY's market is decimated, they will look to lower the value they're going after and its going to go to 1M, which is basically an average waterfront property these days
ratchet ratchet and NYC's finances go further in the shitter
for example my boomer parents are looking to buy something because another relative left them his assets, and NY is 100% out of the question for these commie ass reasons
>>
>>533201492
Based, fuck the rich
>>
>>533201634
Uhhh
Every single person alive cares about boomers second properties. Even boomers themselves.
>>
>>533201709
So you're saying I can buy a 50 million home for $5 million just so somebody avoids $100,000 tax? Or are you just that stupid
>>
>>533201492
All I see him doing is fixing pot holes and pissing off the WEF, I see no problems with this. Why do conservatives dislike every policy that hurts the WEF and the billionaire jewish elite?
>>
>>533219690
Is it as inevitable as conservatives running out of illegals to deport so they start deporting legal citizens?
>>
>>533219775
>buyers will be scarce so the property values will drop

didn't you retards want affordable houses?
>>
>>533219671
>politics are never going to get us out of this mess
Nope. And what needs to be done won't get done.
>>
>>533219671
There isn't even a "middle class" in NYC ti begin with lol
>>
>>533201492
Every time I see a post about this guy he's doing something performative so I'm guessing there's more to this tax than they're telling you.
>>
OH NO BILLIONAIRES WHO HIDE ASSETS THEY FIRST CIRCLE THROUGH TAXHAVENS ARE BEING PUNISHED FOR MAKING LIVES OF 99,9% OF THE POPULATION MORE MISERABLE WHAT A TRAVESTY!
>>
>>533203386
What's their slogan, "our taxes are slightly less then NYC"?
>>
>>533201492
Honestly I just don't really care about rich people's second homes. They should be able to sell and get 2nd homes elsewhere. I'm more worried about after this happens and they move onto to taxing middle and working classers primary residences way higher, which is inevitable.
>>
>>533201492
whenever you increase taxes, especially on the rich, some of those ultra rich cut their losses and leave, which generally decreases total tax revenue, no reason this will play out any different, especially since this is likely just the first of many new taxes, wouldn't be surprised if NY considers wealth taxes or exit taxes for the rich.
>>
>>533201492
>buys 2 adjacent properties and joins them with a shared basement
Nice try, commies!
>>
>>533219834
>you can tax the fuck out of people to commie levels to the point where you destroy the value of real estate, there's nothing wrong with that, didnt you want it? its now more affordable because you paid less for the house but still pay more because of all the extra taxes
why are retards so retarded, I will never understand this
>>
>>533219910
>those ultra rich cut their losses and leave,
That's the point
>>
I mean, not american here, won't the rich just leave to somewhere else?
>>
>>533202414
The tranny cock actually came first
>>
This is what /pol/'s always suggesting though? Extremely high taxes on second homes that are clearly used as rentals or wealth hedges by rich people which deny housing to locals and raise prices for locals?

You can't even say he's harming small landlords since they don't own $5mil second homes and if they do they probably don't own them from out of state.

This is going to directly hit the Dubai class of international cosmopolitans that are just using NYC housing to park their wealth in an inflation-resistant asset and not affect anyone else, so what's the problem? Describe it to me in a way that doesn't require having sympathy for a group that /pol/ traditionally hates.
>>
He's literally taxing the Epstein class. BASED
>>
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>>533219976
Why do you care so much about the ability of a bunch of kike and poojiet landlords to make profit?
>>
>>533220033
It's no wonder why jewish /pol/sters are hating on this guy
>>
>>533219986
>sorry New Yorkers, we planned on getting $500 million from this meme, and since we only got about 20 million from it and we already spent that 500 million, we're going to have to get it by other means from those of you who remain
retards cant follow logical consequences, that's why commies and socialists are all retards
>>
>>533219986
it's the inevitable outcome of communism, but i'd guess Mamdani doesn't want a decrease in total tax revenue, he's just too stupid, uncaring, too interested in graft, or some such combination of hubris and idiocy
>>
>>533201492
Every time I see a post about this guy he's doing something performative so I'm guessing there's more to this tax than they're telling you.
>>
>>533219378
>imagine dick riding a jewish millionaire
anon, r/ptg gets like 20 threads a day
>>
>>533220083
>>533220091
>IT'LL TURN OUT BADLY I DON'T KNOW HOW AND CAN'T EXPLAIN WHY EXCEPT FOR MADE-UP VAGUE DOOMPOSTS BUT IT WILL BECAUSE COMMUNISM BAD!!!!
Shut up, boomers.
>>
>>533220091
>oh no those people ripping off nyc are going away to rip off other cities OH NO THE HORROR
>>
>>533201492
No I actually agree with that, fuck those boomers. Houses should've never become investments. Of course, it won't work, because none of those retards are ever willing to go far enough
>>
>>533220189
>>533220211
You guys seriously don't want the rich jews to leave the city right? That's heckin antisemitic
>>
>>533203199
>the rich will sell their 2nd homes before they pay the retarded rich tax
Thats the goal anon lol. More offer on the market and real estate devaluation. If not then theres more money for the states coffers, which in turn will prolly be used to social services or some kind of tax reduction for the low/middle class. Thats what the left wing is all about.
I never understood why anons of /pol/ all act like they are some kind of big shot richfags. Ive seen pictures of meetups and some of Chitwoods arrestees and I never saw a richfag with the exception of the occasional e-celeb clickbaiter.
>>
>>533219834
We do. You are arguing with a shill.
>>
>>533219012
Sorry I don't side with communists no matter what, there are other ways to solve this issue.

You lost tranny.
>>
>>533220572
>there are other ways to solve this issue.
What are they?
>>
>>533201492
reminder that his parents are so rich they were literally hanging out with epstein and little dani himself was at the island as a child.
>>
>>533202137
>>533203386
We have those. Like, all over just outside NYC. North Jersey is pretty much the unofficial sixth borough of NYC. Too bad it's god-awful up there.
>t. Jersey Shore Chad
>>
>>533202414
You people are just constantly thinking about trans dick. Maybe try stopping that.
>>
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>>533220189
>shut up, that Laffer Curve isnt real
lol, lmao
>>
>>533201492
Based. Jews are seething
>>
>>533201492
Based. Jews are seething
>>
>>533201709
>act as the champion for the poor while strategically letting the rich go at every single possible turn
are you new to politicians or something??
>>
>>533201492
So this is going to affect like 7 people? I suppose it will pay for a grocery store for 2 days.
>>
Owning homes where you dont live in is immoral and should be discouraged to the point of being impossible.
>>
>>533219198
Yeah good call Jose you stupid spic there are definitely only two choices in the matter
>>
>>533219241
All of them, faggot
>>
>>533221100
So do you actually like the rich kikes and poojiets that live in NYC?
>>
>>533218064
You're right, it's like, what, a few hundred homes? Typical communist eyewash legislation. Commie laws either do too much and erode the middle class (of course the central goal of communism) or too little and do nothing except fool naive children and women into feeling something is being done while nothing is actually happening at all.

This law is proof that Mamdani is a ruthless satanist playing the labourers for fools, exactly like all socialist leaders before and after him.
>>
>>533221217
>few hundred homes
It's over 100,000. Rich ass holes from all over the world (especially Israel) all have property in NYC
>>
>>533215081
>the rich people that contribute the most in taxes.

lol, lmao even
>>
Btw: how is an increase in available multimillion dollar apartments alleviating the housing market for common NYC folk in any way? It only helps the ones who can afford the new homes. And who are the rich guys who live in New York? Who is it, huh???

Yeah, the lords of socialism, the jews.
>>
>>533220767
>we're somehow always on the right side of the laffer curve
no
>>
>>533221288
Ok that's pretty massive. But unless they destroy those buildings and build regular apartments in their stead, what I wrote above still stands.
>>
>>533201492
The rich will sell and leacebti other tax heaven.
You can nor defeat capitalism locally.
>>
>>533201492
So this is going to affect like 7 people? I suppose it will pay for a grocery store for 2 days.
>>
Nobody even lives in those tall skyscrapers in Manhattan, they are all just a store of value for oligarchs like paintings locked in a vault somewhere.
>>
>>533218694
>they are making affordable grocery stores for that

No, stupid. They're laundering $150 million from taxes for 5 stores that absolutely will not stay stocked with food
>>
>>533201492
so what they put there mansions on the market to be sold, probably will not get anyone to sell to or maybe a immigrant with a bank loan that they just hand out or blackrock scoops up the house, so then the ultrarich still get paid and get out of property tax, and then the city has trouble collecting property tax, smart plan
>>
>>533220701
Is that you, The Situation?
>>
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>>533202889
Imagine securing 500 million dollars in funding for your city by rightfully making greedy boomers and jews finally pay their fair share.

You get home elated, and then your lovely commy mommy artist waifs, grabs you by the chin and says "that's not the only means of production you are seizing tonight, baby" she grabs your hand and moves it inside he waistband, she is soaking wet already and your dick is harder than its ever been before. You won.
>>
>>533201634
>>533201769
>>533201849
Not even 5mil second homes in general, ONLY ones owned by out of state residents.
So sure "flee the state cus wealth taxes", but if you want to keep your fancy new york properties instead of selling them to people that actually live there then they're gonna be taxed out the wazzoo lmao
If it were trump doing something like this everyone would be calling it genius 12d chess
>>
>>533202400
Yeah.
Feed "Americans". (cough, cough)
That's where the money is going to go.
Retard.
>>
>>533223144
>seizing you by your means of production
>>
>>533201634
>>533201769
>>533201849
>>533202089
Not even 5mil second homes in general, ONLY ones owned by out of state residents.
So sure "flee the state cus wealth taxes", but if you want to keep your fancy new york properties instead of selling them to people that actually live there then they're gonna be taxed out the wazzoo lmao
If it were trump doing something like this everyone would be calling it genius 12d chess
>>
>>533223357
but taxes go towards an entity that's even MORE jewed and corrupt than the homeowner sector
>>
>>533201709
>FUCK THOSE TAXES! I WILL JUST REVALUE MY DOUBLE DIGIT MILLION DOLLAR APARTMENT AT CENTRAL PARK FOR 4999999 DOLLARS
>HAHA TAKE THAT, CITY THAT I NEVER VISIT!!
>>
>>533224908
why is visiting a city a precursor to owning a house there
thats just an arbitrary goalpost
furthermore
who could afford a 'DOUBLE DIGIT MILLION DOLLAR APARTMENT AT CENTRAL PARK' anyways except the wealthy?
>>
>>533201634
>>533201769
>>533201849
>>533202089
Not even 5mil second homes in general, ONLY ones owned by out of state residents.
So sure "flee the state cus wealth taxes", but if you want to keep your fancy new york properties instead of selling them to people that actually live there then they're gonna be taxed out the wazzoo lmao
If it were trump doing something like this everyone would be calling it genius 12d chess
>>
>>533201634
>>533201769
>>533201849
>>533202089
Not even 5mil second homes in general, ONLY ones owned by out of state residents.
So sure "flee the state cus wealth taxes", but if you want to keep your fancy new york properties instead of selling them to people that actually live there then they're gonna be taxed out the wazzoo lmao
If it were trump doing something like this everyone would be calling it genius 12d chess
>>
>>533224908
>! I WILL JUST REVALUE MY DOUBLE DIGIT MILLION DOLLAR APARTMENT

there will be independent reevaluations for these cases.
Trump might have gutted IRS investigation - but the city has an independent auditors on their payroll.
>>
>>533223270
It’s not a bad plan actually. This should lower costs in NYC, raise some revenue, and really have no other side effects because the people leavig property are already not paying taxes. The overall property tax will not grow as much, maybe enough to offset their projected overly optimistic growth. But if it breaks even while making things more affordable then that’s a solid win.
>>
>>533201492
$500M to fund gay sex in Harlem.
>>
>>533226095
> $500M to fund gay sex in Harlem

not my kinda party - but if it hurts millionaires, I'll do my bit and pay for the parking.
>>
>>533201709
>It's crazy that every home was revalued this year to be worth $4,999,999. What a fucking oddity that is!
And get fucked on homeowners insurance for your $10M replacement cost home
>>
He’s Kiking the Kike—And it’s Everything!
>>
>>533201709
Yeah if they have a 5 million dollar second home a 5-10% tax increase is an annoyance.
>>
>>533201634
based fuck kikes
>>
>>533226095
>promoting faggotry among niggers (already zesty naturally) so they reproduce less
Gigabased
>>
>>533201492
Pure evil. I hope nothing like this happens to the poor innocent Russian oligarchs and Muslim royalty who own half of London.



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