The latest city to crack down on pied-a-terres, Paris hits empty apartments with a whopping 60 percent tax

… owned homes now account for around 10 percent of the citys apartments amidst a chronic housing shortage that … increase wont have much of a dampening effect since the new increased tax would only mean an extra 1500 euros or so … Toronto is reportedly mulling cooling measures too New York officials seem more conspicuously silent on the matter …

By Virginia K. Smith |March 21, 2017 - 2:59PM
Reminder: abandoned towns are still much cheaper than a New York apartment

… its not even shocking anymore to hear stories about entire towns or islands that cost less than your typical New York City apartment Witness the $240000 abandoned … week and brokers and politicians have been trying to breath new life into them by pitching them as peaceful fixerupper …

By Virginia K. Smith |August 26, 2015 - 1:59PM