“The Invisible Renter” via the NY Times

Yesterday, a short article in the NY Times covered an important issue for renters: the fact that home-owner tax benefits are not extended to renters. Particularly in New York, where people spend so much of their income on rent, the lack of tax breaks for renters can be a serious disadvantage. Depending on how much rent you pay, you may be losing hundreds of dollars a month in taxes that a home-owner gets to keep. This issue should be brought into greater prominance as economic times get tougher and politicians look for ways to help Americans keep more money in their pockets. It becomes clear that the tax code is overwhelmingly biased towards home-owners. The article offers no reasons or history of why this is so but I hope that the NY Times revisits this subject in further reports. Read the full article here.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

About Me

Michelle Erfer is a licensed Real Estate Salesperson in New York City.
» About this blog
» See my latest listings
» Email me: merfer@citi-habitats.com

%d bloggers like this: