I just don't get the property taxes back East. I have ten acres and a home here in Oregon and pay $3000.00 in taxes a year. I have police protection, public schools, fire protection, they plow the roads, every service that they have in the East. Why do you have to pay 7 times as much in property taxes in the East? How in the world does anyone retire there?
8
Interesting that every property, except for one in Westchester, sold for a significant discount to original list price. I'm not a real estate expert at all, so it's very possible that this is standard. But some of these haircuts were pretty costly to the owners.
Is there a message here? (Especially in light of the anti-Amazon protesters assuring us that the whole world is dying to come to NYC and environs.)
1
@Connecticut Yankee The high taxes drive down the actual purchase price because the monthly carrying charges (P & I, insurance, etc) become too burdensome.
2
I would love to see "What you can get for $250,000 in the NYC area." A lean-to? A sidewalk grate? Might be informative.
13
Here we have an article about homes sold for $1 million. Then there's an article about building affordable apartment buildings in a park space in SoHo and another proposed near the Brooklyn Botanical Garden. This the problem with the Times, they want accomodate all people, trying to satisfy everyone's desires. Reality check: you can't. The reason why there is an affordable apt shortage is just this: the building of apartment towers and gutting of older homes for the mega wealthy. Time for the Times to choose sides. Either be the liberal newspaper you claim to be and devote yourselves more to the ordinary working stiff who're making less than $75,000 per year(New York average that is) or do foo-foo articles catering to the wealthy and greedy. You can't have it both ways, sorry. Personally, i find these foo-foo articles rather disgusting.
23
@lou andrews
Why can't the NYTimes publish for all New Yorkers? I read it when I was making $20k/year. NYC is an expensive place to live(but not most expensive) and plenty seem to manage the trade offs it requires.
If you look in the boroughs there plenty of places to live for $250K. Just can't expect to live in the center of it all. I guess your perch from Portland is all knowing?
7
@lou andrews Not so much as disgusting, but boring, predictable, cold....just plain cold.
2
@lou andrews You must know that $1 million is not for the "wealthy and greedy". Fortunate, certainly, but not particular wealthy.
1
Re: "Each week, our survey of recent residential sales in New York City and the surrounding region focuses on homes that sold around a certain price point, allowing you to compare single-family homes, condos and co-ops in different locales..."
How about a, ('weekly, partner'), article, re homelessness?
Even if I win the next lottery, ($545 M's, pre-tax)...I have known homelessness and I'd feel odd, (to say the least), if I have to step over homeless folks enroute to my McMansion(s)!!
7
Anyone noticing that the listed homes are selling for below listed prices, sometimes almost 20% BELOW asking? And that the pretty obvious reason seems to be the very high, and now non deductible, property taxes? Just saying this is probably only the beginning of a disaster in the making.
15
@Tom- a few months ago i mentioned something similar, since the NYT loves doing these types of articles every month or so. A genuine sign of a major recession come for this ocuntry especially for cities who cater to the wealthy like NYC. When that happens, i'm afraid Amazon will be given billions more dollars to move there and the detractors run out of town with Cuomo and de Blasio leading the posse. When pols and idiot citizens are blinded by run amok capitalism and their own greed, everyone is in danger.
5
@Tom Your posting this comment weekly will not change the situation.
4
@Tom - The taxes on the house in Norwalk imply a market value of $1,175,000. The new owner will probably appeal. At what they paid, the tax should be about $15,400.