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Old Yesterday, 10:56 PM
 
23,847 posts, read 16,923,978 times
Reputation: 8925

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Quote:
Originally Posted by antinimby View Post
The socialists running NYC are like the pretty (but not really all that) girl who thinks she is hot stuff. She starts putting on all types of demands on guys. She will find out quickly she isn't as hot as she thinks she is while the guys go for other girls that are not as demanding and stuck up.

NYC is just one of many cities in the U.S., many with much better weather, scenery and living conditions than NYC. Cities like Paris and London are the only game in town in their respective countries so they can afford to be high tax.

A good example is Hong Kong. Hong Kong was the absolute only way for foreign companies to go to if you wanted to do business in China back in the 90's. Hong Kong grew rich and influential. Fast forward to the 2010's and companies are bypassing Hong Kong entirely and went directly to the Guangzhou's, Shanghai's and Beijings and now Hong Kong is no longer a big deal and has lost a lot of its luster.

Of course the Leftist ruining...I mean...running NYC needs to learn this lesson first hand.
Tbe rest of China pre WTO was not open to foreign companies, so that is certainly a factor.....

NYC is the only walkable large scale city with an advanced public transportation system. It is the only game in this country, among those lines so it attracts a certain kind of person. Wealthy foreign investors do not even know the names of low cost Southern have s you guys like to push. These billionaires buy property here so they can get visas and citizenship. They’ll pay the taxes.
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Old Today, 03:30 AM
 
Location: New Jersey
4,982 posts, read 2,597,227 times
Reputation: 5650
Quote:
Originally Posted by NyWriterdude View Post
Tbe rest of China pre WTO was not open to foreign companies, so that is certainly a factor.....

NYC is the only walkable large scale city with an advanced public transportation system. It is the only game in this country, among those lines so it attracts a certain kind of person. Wealthy foreign investors do not even know the names of low cost Southern have s you guys like to push. These billionaires buy property here so they can get visas and citizenship. They’ll pay the taxes.
Have you seen what is happening in Miami? And since when did wealthy foreign investors walk or need to use the public transportation system to get visas or citizenships?
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Old Today, 07:13 AM
 
1,403 posts, read 494,193 times
Reputation: 1415
Owning a property in the US does not give anybody any grounds for a visa or citizenship.

People can qualify for EB-5 visa by investing into a US commercial enterprise that creates at least 10 new jobs, with $1M minimum investment ($500k minimum if the investment is in impoverished area. The minimum is going to be upped to $1.8M/$1.3 M in the near future). There are 10,000 such visas given per year.

Some EB-5 investors (though not those that pooled every last rupee of extended family money to open a miserable roadside motel in Alabama) can buy for themselves a luxury property in Manhattan, but they do not get the visa (which leads to green card and eventually citizenship) for owning a property in the US, they get it for investing in the US.

Re this pied-a-terre tax, of course it is an unfair nonsense which has no basis in any form of law, but the people who would be subject to this tax probably don't care, so the proposal will likely pass. Ethically and legally, though, it surely is a pure theft and extortion.
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Old Today, 07:32 AM
 
162 posts, read 50,805 times
Reputation: 319
They can raise all the taxes they want, it will still never be enough.
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Old Today, 08:21 AM
 
Location: Brooklyn, New York
3,584 posts, read 3,697,377 times
Reputation: 3277
Quote:
Originally Posted by WhyRUMad View Post
I’m fine with this. Rich Russians and other foreigners who buy up property just to let it sit empty and be a storage of wealth have killed places like the Village. Half the apartments sit empty, killing the vibe of the neighborhood. And around those new mega buildings? The streets are dead.
Let me get your position right:
- the streets are dead, we need a vacation home tax
- the streets are too crowded, we need congestion pricing
Just so we are on the same page.
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Old Today, 08:25 AM
 
10,330 posts, read 8,153,134 times
Reputation: 4929
I guess I'm not retiring in Manhattan as I once planned.
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Old Today, 08:30 AM
 
10,330 posts, read 8,153,134 times
Reputation: 4929
Tax this, tax that, tax me, tax you...when all they really have to do is reassess tax rates so that Manhattanites, Park Slopians, and LIC'ers pay their fair share. Oh I forget, they own our politicians.
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Old Today, 09:02 AM
 
Location: New Jersey
4,982 posts, read 2,597,227 times
Reputation: 5650
Quote:
Originally Posted by WhyRUMad View Post
I’m fine with this. Rich Russians and other foreigners who buy up property just to let it sit empty and be a storage of wealth have killed places like the Village. Half the apartments sit empty, killing the vibe of the neighborhood. And around those new mega buildings? The streets are dead.
I highly doubt half of the Village is owned by rich Russians. The Village is dying not because of rich Russians but because there's been a war that's been going on for at least since the 90's on clubs, bars, restaurants and any other activities deemed too noisy or attracts crowds by busybody, liberal American NIMBYs in the neighborhood.

The NIMBYs have finally gotten the sleepy neighborhood they wanted. Don't complain now.
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Old Today, 09:17 AM
 
Location: New Jersey
4,982 posts, read 2,597,227 times
Reputation: 5650
Miami is already getting almost all of the Latin American investor money but significant amounts of European money as well. This tax will just makes it an easy decision for the ones on the fence between NYC and Miami to go with Miami.
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Old Today, 10:09 AM
 
Location: New York, NY
7,850 posts, read 3,113,194 times
Reputation: 3063
Quote:
Originally Posted by antinimby View Post
Miami is already getting almost all of the Latin American investor money but significant amounts of European money as well. This tax will just makes it an easy decision for the ones on the fence between NYC and Miami to go with Miami.
Let 'em go... Sick of all of these damn transplants coming here anyway diluting the place. I'm no liberal either. I'm primarily conservative and lean Republican, but I am SICK of these people coming here. Let them stay wherever the hell they are from. They just exacerbate the problems that currently exist. Between them and the homeless, I don't know what's worse. All of these damn hipsters coming here with their hands out begging. Sick of it... What do you care anyway? Don't you live in New Jersey or something? You have an awful lot to say for someone who doesn't even live in NYC. You should focus on Jersey matters and leave us New Yorkers alone.
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