Coops gain equality with Condos and face mortgage recording tax

nice job RS! why on earth did the city delay implementing this tax? since Koch?

Yet another reason to finally cure real estate of many its' ills - PAY FOR IT IN CASH. No speculative lunacy, no foreclosures, no predatory lenders, the start of reasonable pricing, the end of the often finger pointed interest deduction, the end of unrealistic real estate commissions, and now the end of mortgage tax.

It's absurd that when you got to refinance a mortgage in NY you're hit with a recording tax. Most states don't do this. Next we'll have a tax for converting a dollar bill to four quarters.

unfortunately, four quarters will only get you 40 minutes parking on the street, you will need to break 2 dollars to park for an hour, and the tax for that will be 50 cents.