The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate
Miller Samuel
MARCH 19, 2019
I started out using the 10-year as a placeholder for the brokerage industry's default assumption of 7 years for homeownership but then added 3 more years to account for the current market slide. The 2014 whitepaper doesn't consider this but instead presents the tax in a vacuum as if market forces don't respond.
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