[kearnyirish2]

Someone owns those buildings, and they pay taxes on them.

As more and more adults forego children, they see no point in paying property taxes (in the NYC metro area, they are more than half your property taxes - and if you pay rent instead, you’re helping pay someone else’s property taxes); those people were already avoiding buying homes, so cities in particular have to farm out their breeding underclass to attach them to sugar-daddy taxpayers (renting or owning) to provide the services the cities can’t provide anymore (financially).

Over-55 communities, as well as multi-family buildings with small units, are the desired development for many municipalities today; they bring in $ without public school clients (the largest expense for most municipalities).

[napscoordinator]

Good points. We have at least 12 over 55 developments in my area and one development for families. I never thought of that until you mentioned that.

[SamAdams76]

I recently downsized into an over-55 community and still pay a fair amount of property tax (over $10,000 a year). But yes, to your point, I have no children to send to school so the town is making out very well with my contributions!

Those over 55 communities are sprouting up all over the NYC metro area - like mushrooms - as Baby Boomers start to retire in force.