Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:My take: I think Mamdani wants the billionaires who own property but don't pay income taxes to NYC to leave. Why else would he so publicly go after one of them?

But a whole lot will have to leave in order for any of those properties on Billionaire's Row to ever get divided up into smaller, more affordable apartments.

I think NYC is going to go the way of CA, OR and WA. Still very expensive and not a great quality of life.

I think the whole point of these taxes is to improve the quality of life for the 99 percent of people who live in NYC and provide services- teachers, food delivery people, taxis, creatives, cops, etc. No one is expecting a $249M apartment to become affordable housing, don’t be absurd. But if the extra revenue can help plug budget shortfalls, great. NYC has never ever provided a great quality of life in the traditional sense, yet it’s still where people flock to, despite its hardships.

It’s where (1) immigrants, (2) yuppie Wall Streeters, and (3) theater kids who hated HS flock to. Don’t act like NYC is full of deserving Americans who have to be there.

Are these folks not "deserving"?

Not really, no. They can live somewhere cheaper since they have no family ties to NY

So you're upset that people are coming in from elsewhere and making more money? Maybe you should pull yourself up by the bootstraps and earn more.

I make plenty. I’m merely pointing out that the affordability problem New Yorkers face is avoidable for most of them. If your elderly parents aren’t stuck there, you can always move somewhere cheaper. All three groups mentioned are in varying degrees of poverty, believe it or not most wall streeters don’t make enough to buy a three bedroom in Manhattan south of 96th and live a normal life with 2.1 kids

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My take: I think Mamdani wants the billionaires who own property but don't pay income taxes to NYC to leave. Why else would he so publicly go after one of them?

But a whole lot will have to leave in order for any of those properties on Billionaire's Row to ever get divided up into smaller, more affordable apartments.

I think NYC is going to go the way of CA, OR and WA. Still very expensive and not a great quality of life.

I think the whole point of these taxes is to improve the quality of life for the 99 percent of people who live in NYC and provide services- teachers, food delivery people, taxis, creatives, cops, etc. No one is expecting a $249M apartment to become affordable housing, don’t be absurd. But if the extra revenue can help plug budget shortfalls, great. NYC has never ever provided a great quality of life in the traditional sense, yet it’s still where people flock to, despite its hardships.

It’s where (1) immigrants, (2) yuppie Wall Streeters, and (3) theater kids who hated HS flock to. Don’t act like NYC is full of deserving Americans who have to be there.

Are these folks not "deserving"?

Not really, no. They can live somewhere cheaper since they have no family ties to NY

So you're upset that people are coming in from elsewhere and making more money? Maybe you should pull yourself up by the bootstraps and earn more.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My take: I think Mamdani wants the billionaires who own property but don't pay income taxes to NYC to leave. Why else would he so publicly go after one of them?

But a whole lot will have to leave in order for any of those properties on Billionaire's Row to ever get divided up into smaller, more affordable apartments.

I think NYC is going to go the way of CA, OR and WA. Still very expensive and not a great quality of life.

I think the whole point of these taxes is to improve the quality of life for the 99 percent of people who live in NYC and provide services- teachers, food delivery people, taxis, creatives, cops, etc. No one is expecting a $249M apartment to become affordable housing, don’t be absurd. But if the extra revenue can help plug budget shortfalls, great. NYC has never ever provided a great quality of life in the traditional sense, yet it’s still where people flock to, despite its hardships.

It’s where (1) immigrants, (2) yuppie Wall Streeters, and (3) theater kids who hated HS flock to. Don’t act like NYC is full of deserving Americans who have to be there.

Are these folks not "deserving"?

Not really, no. They can live somewhere cheaper since they have no family ties to NY

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My take: I think Mamdani wants the billionaires who own property but don't pay income taxes to NYC to leave. Why else would he so publicly go after one of them?

But a whole lot will have to leave in order for any of those properties on Billionaire's Row to ever get divided up into smaller, more affordable apartments.

I think NYC is going to go the way of CA, OR and WA. Still very expensive and not a great quality of life.

I think the whole point of these taxes is to improve the quality of life for the 99 percent of people who live in NYC and provide services- teachers, food delivery people, taxis, creatives, cops, etc. No one is expecting a $249M apartment to become affordable housing, don’t be absurd. But if the extra revenue can help plug budget shortfalls, great. NYC has never ever provided a great quality of life in the traditional sense, yet it’s still where people flock to, despite its hardships.

It’s where (1) immigrants, (2) yuppie Wall Streeters, and (3) theater kids who hated HS flock to. Don’t act like NYC is full of deserving Americans who have to be there.

I’m here and I’m none of those things…

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My take: I think Mamdani wants the billionaires who own property but don't pay income taxes to NYC to leave. Why else would he so publicly go after one of them?

But a whole lot will have to leave in order for any of those properties on Billionaire's Row to ever get divided up into smaller, more affordable apartments.

I think NYC is going to go the way of CA, OR and WA. Still very expensive and not a great quality of life.

I think the whole point of these taxes is to improve the quality of life for the 99 percent of people who live in NYC and provide services- teachers, food delivery people, taxis, creatives, cops, etc. No one is expecting a $249M apartment to become affordable housing, don’t be absurd. But if the extra revenue can help plug budget shortfalls, great. NYC has never ever provided a great quality of life in the traditional sense, yet it’s still where people flock to, despite its hardships.

It’s where (1) immigrants, (2) yuppie Wall Streeters, and (3) theater kids who hated HS flock to. Don’t act like NYC is full of deserving Americans who have to be there.

Are these folks not "deserving"?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My take: I think Mamdani wants the billionaires who own property but don't pay income taxes to NYC to leave. Why else would he so publicly go after one of them?

But a whole lot will have to leave in order for any of those properties on Billionaire's Row to ever get divided up into smaller, more affordable apartments.

I think NYC is going to go the way of CA, OR and WA. Still very expensive and not a great quality of life.

I think the whole point of these taxes is to improve the quality of life for the 99 percent of people who live in NYC and provide services- teachers, food delivery people, taxis, creatives, cops, etc. No one is expecting a $249M apartment to become affordable housing, don’t be absurd. But if the extra revenue can help plug budget shortfalls, great. NYC has never ever provided a great quality of life in the traditional sense, yet it’s still where people flock to, despite its hardships.

It’s where (1) immigrants, (2) yuppie Wall Streeters, and (3) theater kids who hated HS flock to. Don’t act like NYC is full of deserving Americans who have to be there.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My take: I think Mamdani wants the billionaires who own property but don't pay income taxes to NYC to leave. Why else would he so publicly go after one of them?

But a whole lot will have to leave in order for any of those properties on Billionaire's Row to ever get divided up into smaller, more affordable apartments.

I think NYC is going to go the way of CA, OR and WA. Still very expensive and not a great quality of life.

I think the whole point of these taxes is to improve the quality of life for the 99 percent of people who live in NYC and provide services- teachers, food delivery people, taxis, creatives, cops, etc. No one is expecting a $249M apartment to become affordable housing, don’t be absurd. But if the extra revenue can help plug budget shortfalls, great. NYC has never ever provided a great quality of life in the traditional sense, yet it’s still where people flock to, despite its hardships.

It’s where (1) immigrants, (2) yuppie Wall Streeters, and (3) theater kids who hated HS flock to. Don’t act like NYC is full of deserving Americans who have to be there.

Anonymous wrote:

Anonymous wrote:My take: I think Mamdani wants the billionaires who own property but don't pay income taxes to NYC to leave. Why else would he so publicly go after one of them?

But a whole lot will have to leave in order for any of those properties on Billionaire's Row to ever get divided up into smaller, more affordable apartments.

I think NYC is going to go the way of CA, OR and WA. Still very expensive and not a great quality of life.

I think the whole point of these taxes is to improve the quality of life for the 99 percent of people who live in NYC and provide services- teachers, food delivery people, taxis, creatives, cops, etc. No one is expecting a $249M apartment to become affordable housing, don’t be absurd. But if the extra revenue can help plug budget shortfalls, great. NYC has never ever provided a great quality of life in the traditional sense, yet it’s still where people flock to, despite its hardships.

Anonymous wrote:My take: I think Mamdani wants the billionaires who own property but don't pay income taxes to NYC to leave. Why else would he so publicly go after one of them?

But a whole lot will have to leave in order for any of those properties on Billionaire's Row to ever get divided up into smaller, more affordable apartments.

I think NYC is going to go the way of CA, OR and WA. Still very expensive and not a great quality of life.

Anonymous wrote:

Anonymous wrote:I can actually see why the tax might make sense but Mamdani was dumb going after Ken Griffin to appease "tax the rich" crown. He didn't bother to check Griffin's charitable activity in NYC. Over past few years Griffin donated:

- $400mm to Sloan Kettering cancer center
- $40mm to Museum of Natural History
- $12mm to NYC Hospital for Special Surgery
- $25mm to NYC success academy charter schools

Additional tax on Griffin's penthouse will be a drop in the ocean in comparison to these numbers. If Griffin decides to reduce his donations, NYC will be worse off.

Sounds like Ken can afford the tax. If not, I’m sure he can find a $4.99m apartment to not use.

Anonymous wrote:

Anonymous wrote:My take: I think Mamdani wants the billionaires who own property but don't pay income taxes to NYC to leave. Why else would he so publicly go after one of them?

But a whole lot will have to leave in order for any of those properties on Billionaire's Row to ever get divided up into smaller, more affordable apartments.

I think NYC is going to go the way of CA, OR and WA. Still very expensive and not a great quality of life.

It's more simple than that. Griffin purchased, at the time, the most expensive residential property ever in america.

234 million

Now he is working on a 1 BILLION dollar property in florida. Cry me a river about this tax.

Anonymous wrote:My take: I think Mamdani wants the billionaires who own property but don't pay income taxes to NYC to leave. Why else would he so publicly go after one of them?

But a whole lot will have to leave in order for any of those properties on Billionaire's Row to ever get divided up into smaller, more affordable apartments.

I think NYC is going to go the way of CA, OR and WA. Still very expensive and not a great quality of life.

Anonymous wrote:

Anonymous wrote:There are pied-a-terres in Maryland??

It would be hard to find a $5m pied-a-terre in MD. And I can't imagine wealthy people wanting a $5m mansion in MD for occasional use.

Anonymous wrote:My take: I think Mamdani wants the billionaires who own property but don't pay income taxes to NYC to leave. Why else would he so publicly go after one of them?

But a whole lot will have to leave in order for any of those properties on Billionaire's Row to ever get divided up into smaller, more affordable apartments.

I think NYC is going to go the way of CA, OR and WA. Still very expensive and not a great quality of life.