New York to tax luxury second homes in NYC
1–10 of 288 posts
Re: New York to tax luxury second homes in NYC
#2Good! Second homes in any region with low inventory should be taxed...
Re: New York to tax luxury second homes in NYC
#3Good! Second homes in any region with low inventory should be taxed...
Yup
Re: New York to tax luxury second homes in NYC
#4Good! Second homes in any region with low inventory should be taxed...
It seems like a place like Manhattan might benefit from first up-zoning the low slung sections that are currently 4-8 stories.
My point here is that I'd start with trying to build enough housing before spending political capital on marginal things that neither unlock supply nor generate much revenue.
Re: New York to tax luxury second homes in NYC
#5I strongly doubt that this is going to have the effect that they want it to.
It won't raise the taxes that they expect it to. It won't free up inventory. It will halt construction.
Re: New York to tax luxury second homes in NYC
#6Zohran is doing too much. I hope he at least leaves the second yachts alone.
Re: New York to tax luxury second homes in NYC
#7> an initiative to appease Mayor Zohran Mamdani and liberal voters
Taxing the rich is not a Liberal thing, but the Rich is calling it that because they do not want to pay any taxes at all.
He was elected because people are starting to feel real pain and seeing the ultra rich paying far less taxes then they are. If it was up to me, I would tax all the second homes above 5 million USD and add a Luxury Tax on all valuable Autos too.
Re: New York to tax luxury second homes in NYC
#8California next please! If you aren’t in your home 9 months of the year you can stay in a hotel. Thanks!
Edit: lol -4 nice! What are y’all upset about?
Re: New York to tax luxury second homes in NYC
#9Zohran is doing too much. I hope he at least leaves the second yachts alone.
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Re: New York to tax luxury second homes in NYC
#10I strongly doubt that this is going to have the effect that they want it to. It won't raise the taxes that they expect it to. It won't free up inventory. It will halt construction.
It’ll halt construction on luxury second homes? Wonderful!