Reposted by A Doc Named Slickback
Looks like Mayor Z's pied a terre tax is not collapsing the real estate market or causing the wealthy to flee Manhattan after all. Indeed, the opposite. Who could have possibly imagined this scenario?
www.realtor.com/news/trends/...
realtor.com
Manhattan Luxury Market Booms Despite Mayor Mamdani's New Tax on Second Homes
Despite the new pied-à-terre tax, Manhattan's ultrahigh-end luxury market remains incredibly robust, say experts.