You can't sell an apartment building at the Time/Warner building for 45 million if Central Park isn't safe. The park is safe as is the rest of the city. That's why property values are so high. If you want to keep it that way, keep the city safe. One way to do that is to keep the tax in place and pay cops a professional salary. Right now cops start around $25,000...rent-a-cops get more than that. Fifteen years ago people were getting shot in the city streets for sheepskin coats, today kids can walk down the streets wirth i-poda or $500 cell phones in relative safety. Keep the real transfer tax and use it wisely and the real market will stay high.
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You can't sell an apartment building at the Time/Warner building for 45 million if Central Park isn't safe. The...
e.m. dunne
Jul 23, 2007 13:37
rather the economic prosperity the 90 lowered the crime rate. Police Forces often try to take credit for falling crime... [MORE]
John Jones
Jul 24, 2007 08:24
One way that they could lower the tax is by fixing the so called Mansion Tax. The average apartment is... [MORE]
Jim Barnard
Jul 23, 2007 11:37
Though the share of condo and coop owners in the city has increased dramatically over the past 5 years, especially... [MORE]
Reality Checker
Jul 23, 2007 11:34
Real estate transfer taxes will NOT continue to roll in at these inflated levels. If the city wants to cut... [MORE]
Larry Littlefield
Jul 23, 2007 08:08
Before applying a regressive commuter tax in the form of congestion pricing, why not apply this windfall toward upgrading NY... [MORE]