NYC Real Estate Taxes are a Mess in 2024 ‍️

Understanding Property Tax: The Impact on New York City Real Estate

HL dives deep into the complex world of property taxes and their profound effects on the New York City real estate market. With years of experience in the industry, HL sheds light on critical issues that every property owner, tenant, and investor needs to understand.

🔍 Key Takeaways from the Video:

Business Realities: HL emphasizes the importance of viewing real estate as a business, especially in a city like New York, where every decision has significant financial implications.

Assessment Increases: With property tax assessments on the rise across New York City, HL explains the domino effect this has on property values and, ultimately, rent prices.

Tenant Impact: Learn how property tax hikes directly affect tenants, as landlords often pass on increased expenses by raising rent, leading to financial strain for residents.

Call to Action: HL urges viewers to stay informed and proactive, encouraging them to advocate against excessive property tax hikes that can further exacerbate the affordability crisis in New York City.

🗣️ Join the Conversation: Share your thoughts in the comments section below. How have property tax increases impacted your experience as a property owner or tenant in New York City?

#nycrealestate #realestatetax

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40 years ago, HL couldn't afford a cup of coffee and now he has a real estate portfolio worth hundreds of millions of dollars, ranging from apartment buildings to factories to a Pre-K-12 private school in Brooklyn, NYC.

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Humberto Lopes is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this video or document. Also, Humberto Lopes, does NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Humberto Lopes does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

NOT INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE. The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice.

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#real_estate #real_estate_advice #HL_Dynasty #Humberto_Lopes #HL_Humberto_Lopes #HL_Real_Estate #H.L._Dynast #real_estate_tips #nyc_real_estate #nyc_taxes

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