This is only a problem for rich New Yorkers.
Let them eat cake! ;-)
Actually this is not a problem just for rich NYers, but for most NY homeowners. As a reluctant resident of the Socialist Republic of NY, soon to be not-so-proudly represented by Ms Ocasio-Cortez, I can tell you that STARTER homes(2br, 1ba, 950sq ft, .12A) in my area (Rockland County) can have village taxes of $2000 and county/town/school taxes of $8000. Moving “up” to a family home of 3br/2ba, 1400sqft will incur about $12000 in taxes. It is absurd.
Many of the local papers etc always complain about the high cost of living -— 1br apt rents for $1300-1400, 2Br for about $1900-2100, 3br for $2500-2700 —— and they always complain about the “greed” of landlords. I have a 4br,2ba house I rent out for $2900/month -— a 70%LTV loan Principal, interest, and taxes come to $2650/mo.
While I’d love a tax break, this lawsuit is BS. This horrible state should just get its fiscal house in order, but with Cuomo at the head of the gov’t-should-give-everyone-everything-for-free party, that is a pipe dream. Many people I know have left for other states; I am sure to follow as soon as I am able.