Is ABL a true property tax? Isn't it a tax by CABA for to pay for municipal services ,e.g., water/sewer/gargabe pickup. How much of the ABL proceeds goes to fund schools or other government functions typically underwritten by property taxes?
There may be a lot of RE speculaion in BA, but the price of a nice apt in the Recoleta is still about the 1/4 the cost of a similar apt in NYC, not to mention London, Paris, Tokyo or almost all other world capitols where apts cost multiples of what they cost here. OK...location, location,location, but the fact remains that on a comparative basis (to other necessities or luxuries) apts in BA are a bargain.