The main example in the article,
>the East Side bounded by Fifth and Park Avenues and East 49th and 70th Streets
is literally the most expensive zip code in the US: https://www.nynesting.com/news/america-s-most-expensive-zip-...
Perhaps there is merit in taxing vacant $10M condo investment pieces, but it wouldn’t do anything to address housing shortages.
The main example in the article,
>the East Side bounded by Fifth and Park Avenues and East 49th and 70th Streets
is literally the most expensive zip code in the US: https://www.nynesting.com/news/america-s-most-expensive-zip-...
Perhaps there is merit in taxing vacant $10M condo investment pieces, but it wouldn’t do anything to address housing shortages.