A Gentrifying Park Slope, Brooklyn circa 1970
In May 1970, the movie world witnessed Hal Ashby’s directorial debut of his adaptation of Kristen Hunter’s novel titled, The Landlord. A story depicting the experiences of a young suburbanite from Long Island, New York who bought a house in a Brooklyn ghetto. The hero is a young white male who is influenced by the [...]
Are Banks Interested in Modifying your Existing Mortgage?
The investigative news report at the end of this post by Brian Ross, Chief Investigative Correspondent for ABC News, chronicles the experiences of elderly homeowners faced with the peril of losing their homes. In their attempts to stave off the threat of foreclosure, each homeowner makes earnest attempts to reach the appropriate staff within their [...]
The Foreclosure Business: NYC $59 Million Plan
NYC Department of Housing, Preservation and Development has begun implementing it’s plan to use the $24 million dollars received from the U.S. Department of Housing and Urban Development as part of the the Housing and Economic Recovery Act of 2008. As indicated in the video, the city purchased 7 properties in neighborhoods hard hit by [...]
Is NYC Overcharging You in Property Taxes?
How much are you being charged for Property Taxes in New York City?
I’m sure the thought has crossed your mind. However, we understand why property tax is collected. It takes a lot of money to run a City that never sleeps.
Property Tax in New York City funds public school education, police and fire protection, emergency services, garbage pick up, public health care and hospital services, roadway and street maintenance, etc…
And while New York City has diverse sources of revenue (Sales Tax, Transfer Tax, Fees, Fines, etc…), its largest source is Property Taxes.
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