Happened to check this out about McC's failure in trying to get people to buy homes in the city.

He and his gal Mary Mary  have been trying to sell that house at 1077 Glenwood for about a year and half now.


If someone bought it for the current asking price of $107,000 and got 100% financing, the principal and interest at 4% would be $510 per month.

If someone got a conventional mortgage with say $20,000 down (roughly 20%), their monthly payment at 4% would be $415 per month.


Now take the total tax bill on the house, the tax bill alone divided up by 12 months is a monthly payment of $750!

I mean really, how does the mayor claim the city of Schenectady is the best bargain for house purchase when the tax portion of the monthly payment approaches twice the cost of the principal and interest.

Think about it, with the taxes on this house being close to $9,000 a year, and the dems keep raising taxes, the tax increase cause the escrow to increase.  It's highly likely that the tax portion of the monthly payment is three times as much as the mortgage and principal!

But the mayor says the city has the best deal.     NOT.

Someday when the house is paid off, the tax payments per month will exceed typical rents!

And this why my parents were about to dump their house here in Schenectady for a fraction of what it "should" be worth, and buy new construction in a southern state. Even with a new mortgage, they are paying less then their taxes up here.

Stop confusing us with the facts. DEM confiscatory taxes are destroying City resale values. Don't believe me? Ask Brucker and Erickson who both cannot sell. For sale signs are springing up faster than daffodils. People are running taking any low ball offer to get away from this City tax hell. Abandoned property in every neighborhood.

  Speaking of the South, my friends pay $800 A YEAR in school taxes with no City tax whatsoever. Sales taxes pay for all City expenses which aren't bloated by decades of
featherbedding and hiring DEM nit wits. They pay less a year than I do a quarter in school taxes and the schools are far superior. Vote NO! on the City school budget May 20th
which includes another Cuomo busting increase. Try a 3% decrease.