The Rise of the Manhattan Mega-Mansion: A Growing Trend of the Ultrawealthy “Trying to Recreate the Suburban House in the City”

Posted by insert90

6 Comments

  1. We have this problem in Chicago too, especially in wealthy, transit-connected neighborhoods like Lincoln Park. It would be less of a problem if we were building enough housing in other places to offset the loss of multi-family housing. Unfortunately we are not doing that.

  2. Mom said it’s my turn to say LVT would fix this.

    Realistically if Rich people are willing to be taxed for this inefficiency they can do whatever they want. The problem is that they aren’t being taxed.

  3. Just broadcast San Gimgnano/Bologna propaganda to make rich people buy smaller plots and build up

  4. Better they do this vertically than in horizontally in compounds in Hawaii or parts of California, etc

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