New York City Real Estate News

https://prop.tidalforce.org/article/frequently-asked-questions-for-nyc-tidalforce-org  

See  https://inflationdata.com/Inflation/Inflation_Rate/Long_Term_Inflation.asp What does article is talking about is exponential growth.  The same thing happens to your property tax in New York City. You will experience even faster exponential growth because 4% or 6% is usually higher than inflation nowadays.  2555% Inflation through November 2020 It isn't just a arithmetic doubling it is a compounding. So just as compound interest can multiply your savings, compound inflation can multiply the effects of inflation.  As you can see from the cumulative Inflation chart since 1913 we have seen 2555% inflation. Yes, that is right Two Thousand Five Hundred Fifty-Five percent inflation.

Listen to our friend Vicki Been ask about whether millionaires should get the New York City property tax circuit breaker.  What is the circuit breaker?  I   suppose circuit breakers need some description nowadays, since they have   become rare and shy of the Common People, as they call us. They are a cut off for the property tax based on your income. So if you make $400,000 a year and your net worth is $100 million dollars but your property tax is $120,000 a year, this question is asking should you qualify for the circuit breaker.  What do you think? "In general that's a very specific question about whether the wealthy two hundred thousand four hundred thousand a year six hundred thousand a million a year should get a circuit breaker. Right there..."

https://therealdeal.com/2020/12/04/controversial-sprinkler-bill-stalls-after-landlord-backlash/  

Remember the retroactive pay raises that de Blasio gave the teachers union.   Who knew there was such a thing? Amazing.  https://nypost.com/2020/10/08/nyc-cancels-900m-deferred-compensation-payout-to-teachers/  

This seems like a reasonable essay, please read.  https://www.washingtonpost.com/opinions/i-cant-stand-trump-but-democrats-may-force-me-to-vote-for-him/2020/09/14/1cf10518-f6c4-11ea-a275-1a2c2d36e1f1_story.html  

Just look at the number of hearings history for our NYC Council. They seem to take the entire months of July and August off. Plus with the Corona virus, April was off also.  It took a month for our NYC Council to figure out how to use online meetings. Amazing! But we may be better off with less meetings.  Maybe zero.

https://nypost.com/2020/09/01/bill-de-blasios-pathetic-surrenders-to-nyc-unions/  

Read this article the best line is don't raise taxes lower them.  We could do this we just need the people thinking talking about the issue.   See  https://en.m.wikipedia.org/wiki/S7000A https://nypost.com/2020/08/29/ny-is-bleeding-out-as-de-blasio-cuomo-unions-refuse-to-face-reality/  

https://nypost.com/2020/08/18/chirlane-mccray-enjoys-2m-staff-of-14-as-nyc-lets-trash-pile-up/   Please read.  This is where your taxpayer money is going.  

We talked about the bloated budget.   No one's talking about how many people diblasio has hired to going from 300,000 to 400000 employees.  He was proud of that.  Please read: https://www.nydailynews.com/news/politics/ny-de-blasio-layoffs-budget-fiscal-crisis-20200817-pdxvrcaqmra5jdm7j736f4k5e4-story.html  

https://www.marketwatch.com/story/the-stock-market-is-cheating-us-alland-heres-by-how-much-2020-07-31  

Wow! We can't go to our own Parks.  But yet our governor is offering free baseball fields to other major league baseball teams? Unbelievable!!! https://www.politico.com/states/new-york/albany/story/2020/07/28/cuomo-offers-every-mlb-team-a-home-in-new-york-1303802  

This is where your tax dollars are going? https://www.cnbc.com/2020/07/14/despite-recession-jpmorgan-chase-just-posted-record-revenue-heres-how-they-did-it.html  

Look at this poster and decide for yourself

"Most of them don't know what the hell they voted for. They've become a mob themselves in the sense of some of the legislation they're passing. They should be ashamed of themselves," said Bratton, who served as de Blasio's first police commissioner. See https://nypost.com/2020/07/06/bill-bratton-ny-a-mess-and-going-to-get-a-lot-worse/  

See  https://therealdeal.com/2020/06/30/jumaane-williams-property-tax-ploy-is-day-late-but-may-leave-city-1-7b-short/ Stark noted, however, that the new city budget to be approved Tuesday evening by the City Council raises the property tax levy by about $1.7 billion, or 7 percent. The Department of Finance will have to bill property owners later this year for that money.  See  https://en.m.wikipedia.org/wiki/S7000A

https://nypost.com/2020/06/25/property-tax-loansharking-will-make-middle-class-flee-nyc-pols/  

In mid-March, the de Blasio Administration declared that health and human services providers would continue to get paid even if they could no longer meet their contractual performance targets due to the pandemic. But on April  3 providers whose contracts are with the City Council received a letter stating that only costs for "essential work" performed after March 22—the date that Governor Cuomo's pause order went into effect—would be reimbursed.  See  https://ibo.nyc.ny.us/iboreports/rocky-road-for-nonprofit-human-services-organizations-city-increases-support-for-administrative-costs-but-providers-face-other-challenges-foeb-june-2020.pdf

Please look at the statistics. Most of the traffic on our NYC Council website is from desktops while the world has moved to mobile devices. This seems to suggest that the site is simply too hard to use by mobile users. One visit to https://legistar.council.nyc.gov will confirm this. In fact, as recent as September 2018, the site did not support secure https connections, it appears. See  https://datastudio.google.com/u/0/reporting/8c3d922e-3161-446d-bb08-95407ac9bb6c/page/a4qS and for the older http information: See  https://datastudio.google.com/reporting/8d71faf5-58eb-48a7-b7b6-e129d5643f29/page/a4qS