Luxury rentals surge in NYC despite drop in high-end home sales

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The wealthy would rather “camp out” in a rental and wait for prices to drop than buy property in New York due to high taxes.

 

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The wealthy OWN that property already and PAY taxes to NYC! This is poor reporting...

So...? What’s your point?

Same in Sydney

Whenever Comrade Frank comes on, CNBC goes off.

Lol well duh who wants to pay taxes...

The wealthy created the outrageous property prices in NY in the first place.

makes perfect sense.

truth

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