The NY Observer lets you in on New York’s Longest-Running Real-Estate ‘Joke’.Attorney General Andrew Cuomo has waded into the murky waters of city home appraisals. You don’t want to know what he might find.
Photo by NY Observer
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The Crap-O-Sphere ("Crappy")
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Blog Archive
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2007
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June
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- Construction eruption in midtown
- We are neither cattle nor sheep
- Katz seeks to expand litterbox
- Group's aim: gain more river access
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- St. Sarkis saga continues
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- City council pulls a fast one
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- 4 signs of urban decay
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- Willets Pt & Atlantic Yds team up for rally
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- Queens: We're Number 3!
- Just what developers need: incentives
- Special commemorative newspaper issue
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- Commissioner Clueless
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- And it's overdevelopment by a nose...
- Doorman hops off fence
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- How not to publish a newspaper, part 6
- A lotta dough for a lotta buildings
- A Flushing farewell
- Pinky's party
- Homely next to Homestead
- City calls for veto of state 421-A legislation
- Lobbyists to hire lobbyist?
- Developer with shady past still building
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- How not to publish a newspaper, part 5
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- How not to publish a newspaper, part 4
- Neglected Meditation Garden
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- And now a slightly different approach
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- Tent of Tomorrow: 40 years of neglect
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- Queens Zoo celebrates anniversary
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- Amen, brother!
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1 comment:
Inflated, overblown real estate appraisals are great for the NYC tax dept.
Your real estate taxes will be calculated on a percentage of the "market value" of your home.....and thus raised accordingly!
Then you'll get a second kick in the ass when you have to increase your home owner's insurance coverage!
So, as you see, both NYC and the insurance companies benefit from this shady practice!
And.....everybody thinks that the NYC real estate is healthy and that dwellings are in high demand!
Wake up folks....it's a buyers' market out there and homes are siting awaiting sale for longer periods of time. Prices are also dropping!
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