alt Hacker NewsI agree and I’d prefer to see apartments excluded from this. Apartments are what I want second-homeowners to own rather than hoarding valuable land.
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NYC is filled with apartments dedicated to the wealthy with token poor-doors for access to a few mandatory low income units in each building. All housing has to be subject to taxation for this to work.
> The bill exempts the following categories:
> The primary residence of at least one owner.
> The primary residence of a parent or child of at least one owner.
> Cooperative and condominium units that are appraised at less than $5 million in the previous three years.
> Properties and dwelling units that are rented to a NYC primary resident.
(https://comptroller.nyc.gov/reports/the-pied-a-terre-tax-and...)
Wouldn't excluding apartments therefore exclude Ken Griffin's 238 million dollar penthouse? That seems like exactly the kind of 2nd home that this should be targeting.