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iv2892 t1_jcgk46i wrote

Reply to comment by epicxownage in Nearly 1,500 buildings ban Airbnb and other short-term rentals by fluffykintail

This is good but what about banning corporations from owning more than 10 units , or actually , for each aditional unit past 10 they should pay like a 80% tax to discourage excess buying

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Ein_Bear t1_jcgmax7 wrote

We'd just wind up with hundreds of shell corporations that each own 10 units

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cC2Panda t1_jcgpluu wrote

Require them to be a primary residence and majority ownership by the owner to pay less taxes.

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theageofnow t1_jcih627 wrote

Given the vacancy rate in NYC is very low (<1%-3% over the last decade or so), this won’t actually do anything to make it easier to find an apartment for anyone and might just make it harder (by introducing more rules and more small landlords who have more time to be busybodies over micromanaging their tenants in their 10 apartments).

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coalstuck35 t1_jcjfh8d wrote

This should be adopted nation-wide corporations buying up whole neighborhoods

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