Mamdani tax creates 'so much confusion' in NYC real estate, but broker says 'big crisis' is something else

New York City's biggest crisis is inventory, not capital flight, as high-net-worth buyers rent or pivot rather than flee in the "confusion" of the pied-à-terre tax.

Mamdani tax creates 'so much confusion' in NYC real estate, but broker says 'big crisis' is something else

New York City's biggest crisis is inventory, not capital flight, as high-net-worth buyers rent or pivot rather than flee in the "confusion" of the pied-à-terre tax.

This story was originally published by foxbusiness.com. Use the link below to read the full article at the source.

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