I want you to understand that they are jumping through all of these hoops to avoid tax bills that are, in many cases, $50 grand. Or $100k. Yes, to normal folks that is all the money in the world. But these people *routinely* spend that on weekend vacations. They would _definitely_ give it at a gala.
@bakerdphd.bsky.social"As a joke, comedian and entrepreneur Madi Walser started a website to advertise New York City artists willing to stay in empty vacation homes as 'charity to the 1%.' Then, she received eight inquiries from pied-à-terre owners interested in joining."
Wild read 🎁
www.wsj.com/real-estate/...
wsj.com
NYC’s Pied-à-Terre Owners Hunt for Creative Ways to Dodge New Tax
Owners of second homes are “apoplectic” over the levy. Some are highlighting flaws to try to reduce their home’s value or moving in family members.
