De Blasio To Raise Taxes on Real Estate Speculators

[Harlem resident]

Originally Posted by G-Dale

When politicians force speculators to do something it usually does not end well.

In fact, I have never seen such scenarios end well.

[ShirlMastic Beach]

Originally Posted by Harlem resident

In fact, I have never seen such scenarios end well.

Neither has de Blasio, but why not give it a shot, he won't be around to see the negative future repercussions anyway. At least he meant well.

[BugsyPal]

Just because NYC/mayor wants *something* built on empty lots it does not follow property owners will build rental housing, especially market rate.

A taxpayer property could go up that would generate enough income to pay the taxes. It wouldn't be something easily emptied and or torn down etc... at a later date.

[Kefir King]

Originally Posted by Oodaloop

It's funny how every compaign promise de Blasio has made involves him getting approval from Albany to take effect. At the end of they day he can tell his voters, he tried but Albany said no and they will vote for him again.

Hey, it worked for Obama.