NYC must focus on empty buildings filled again — not prof its or tax revenues

“Enact a vacancy tax on retail, office and residential property.” New York City’s government and real-estate industry have a common purpose: to keep real-estate prices high. City Hall wants tax dollars. The industry needs high prices to avoid defaulting on debt. But what Gotham needs right now may be the opposite: lower prices. As offices...

from New York Post https://ift.tt/319ZyGH