The larger crisis is that nobody wants to buy homes with 5-figure property tax bills while working the McJobs that are available; the government has opened the borders to bring in potential homeowners, but too many of these people have no interest in joining the tax base - just the welfare base.
This is not the case in NY City. Property taxes are low relative to surrounding areas, because NYC relies on a city income tax for the bulk of its revenue.
And NYC has a relatively large number of jobs that pay in the $100-500K range.
“The larger crisis is that nobody wants to buy homes with 5-figure property tax bills while working the McJobs that are available; the government has opened the borders to bring in potential homeowners, but too many of these people have no interest in joining the tax base - just the welfare base.”
My fear is that all of these problems will come to a boil under Trump. Never mind that they have been festering for 45+ years...