Real Estate: New York is considering a tax on vacant second homes, drawing insights from other cities that have implemented similar measures.
🚨 Big news from NYC! Mayor Zohran Mamdani and Gov. Kathy Hochul propose a tax on empty second homes valued over $5M. Aiming to raise $500M annually, the tax targets wealthy absentee owners but might not boost housing supply significantly. What are your thoughts? 💰🏙️ #NYC #TaxTheRich
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