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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

The Fiscal Policy Institute proposed the tax in 2014 , and it has been floating around Albany ever since. FPI's apparent belief that most of the high-end development sold ended up as empty pied-a-terres while wealthy buyers bid up the prices is incorrect. That article came out in 2014 right as the housing market was peaking.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? On the other hand, the four restaurant workers would still need to spend monthly payments for rent, food, transportation, and insurance. Remember: real estate is hyper-local! Household Finances – The Best (Ever).

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

Also known as a mother-in-law or cottage, the dwellings can offer viable housing to younger buyers seeking to save for their first home or enable seniors to age within a familiar neighborhood. 48% own homes, reflecting a steady rise since 2014. Inventories are on the rise, so much so that one area is now considered a buyer’s market.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

new Hispanic homeowner households have joined the market since 2014, bringing the current number of Hispanic-owned homes in the U.S. Falling new inventory is constraining transaction volumes while also supporting higher home prices. BY THE NUMBERS >> More than 2.3M for a homeownership rate of 48.6%. 2 in the U.S.

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JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

Create options for multiple modes of transport – bikes, cars and transit should all be factored in. David Goldberg, chair of the Land Use & Transportation Committee of the Seattle Planning Commission, is helping to lead the city’s own 15-minute neighborhood. Promote racial and income equity. THE ROI OF HOME RENOVATION.

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