Yes, but you ignore the fact it increases the costs of NYC's public housing operations & secton 8. :/

I'm pretty sure if its "break even" [in terms of tax revenues] it isn't "break even" [in terms of tax expenditures].

If you raise the cost of real estate, you are raising the cost on 175,000+ apartments NYC pays for & 29,000 property owners that take Section 8.

You are also probably one of those people that complain "welfare" is too expensive. Well, if you keep creating economic conditions that raise the cost of welfare and keep campaigning to lower taxes...guess what happens?