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Impact of expiring 421a/j51 on selling prices

Started by 499_and_rising
almost 16 years ago
Posts: 18
Member since: Feb 2009
Discussion about
Does anyone know of any data showing the impact an expired or expiring tax abatement (421a or J51) has on pricing? Is it directly correlated to the increase in taxes, or is the effect more diffuse?
Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009

would be curious to see. I have a funny feeling that in some cases its MORE than the effect because of the psychology. IN theory, the price should only have been lower a portion as its a TEMPORARY reprieve.... but likely not, so the bounce up might be overdone as well.

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