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

… buyers as global housing prices skyrocket and precious apartments in coveted cities sit empty more and more local … to rent them a property for up to three years after the notice of termination That said as more cities across the … seem more conspicuously silent on the matter As weve written previously an outright tax on foreign buyers would …

By Virginia K. Smith |March 21, 2017 - 2:59PM
Broker fees on rentals are now banned in the U.K., but New Yorkers shouldn't bank on it

… UK equivalent of the broker fees many New Yorkers pay on rentals After more than 250000 people signed off on the … work to be done There is no silver bullet for this countrys housing crisis We need a safer fairer and more secure … you manage to find a nofee rental  if youre looking for a NYC rental youll likely still have to pony up and pay the …

By Virginia K. Smith |December 8, 2016 - 1:59PM
Reminder: abandoned towns are still much cheaper than a New York apartment

… entire towns or islands that cost less than your typical New York City apartment Witness the $240000 abandoned … Connecticut ghost town looking for takers this spring Apparently the phenomenon is more pronounced overseas and in … name on it It could use a refresh but considering the current median price of a Manhattan studio coop is now $380000 …

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