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by pselle
4847 days ago
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I'm not the reporter on the project, but from what I've heard in the media, it sounds that renters are supposedly the biggest losers -- some properties are seeing thousands of dollars in tax increases, which they'll most assuredly pass onto renters in a tax hike (my opinion, also that of some other Philadelphians). Related article: http://www.newsworks.org/index.php/local//taxipedia/51402-ar... |
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Since rental units don't have much marginal cost, that seems unlikely -- They are capital investments, financed by mortgages or owned outright.