Saturday, April 02, 2005
I'm going to own a "Mansion"!!
I found out I am going to have to pay a "mansion" tax on the co-op I'm buying. Just another one of NYC's endless taxes. What's ridiculous is that any property bought for over 100,000 has to pay the tax. 100,000 won't buy you a shoe box sized ghetto apt. in a bad neighborhood in Manhattan. Luckily I'm moving to queens so my "Mansion" will be a big shoe box in a nice neighborhood.
I found out I am going to have to pay a "mansion" tax on the co-op I'm buying. Just another one of NYC's endless taxes. What's ridiculous is that any property bought for over 100,000 has to pay the tax. 100,000 won't buy you a shoe box sized ghetto apt. in a bad neighborhood in Manhattan. Luckily I'm moving to queens so my "Mansion" will be a big shoe box in a nice neighborhood.
