The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate
Miller Samuel
MARCH 19, 2019
An earlier version of this post appeared in my weekly Housing Notes, March 15, 2019 edition. Much of this speculation is being driven by two factors: sparse supply, due to the absorption of the inventory left over from the last boom, and fast-rising prices. I've since added more information and insights as the situation unfolds.
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