Why urban housing i expensive

Reader comment on: Krugman Makes a Good Point

Submitted by E.J. McMahon (United States), Apr 4, 2016 17:18

In NYC, housing is also expensive because of extraordinarily high property taxes on multi-family properties. Tax rates also drive up costs and discourage construction in struggling upstate NY cities such as Albany, where my think tank, Empire Center, is based—because of local rules designed to tilt more of an already heavy tax burden (a product of high legacy labor costs in muni government-- from single family homes to commercial, industrial and multi-family property.

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Title By Date
One star for Krugman
[w/response] [150 words]		Andrew TerhuneApr 5, 2016 09:51
Krugman steps into it again [32 words]Herman KaufmanApr 4, 2016 22:10
Krugman ignores other reasons to flee cities. [218 words]LyleApr 4, 2016 20:14
⇒ Why urban housing i expensive [73 words]E.J. McMahonApr 4, 2016 17:18

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