NYC Pied-à-Terre Tax Sparks Warning
Brown Harris Stevens CEO Bess Freedman says America’s housing market is splitting in two: luxury buyers remain active while affordability deteriorates for everyone else. She joins Open Interest to warn that New York’s taxes and rent policies could backfire, and argues the clearest solution includes loosen zoning rules and incentivizing developers to build more homes. (Source: Bloomberg)
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
