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NYC’s Proposed Pied-à-Terre Tax Is Back. Here’s What It Could Mean
Governor Kathy Hochul has introduced a plan to tax second homes valued at $5M and above—targeting properties that are not used as primary residences. Often referred to as a “pied-à-terre tax,” the measure is aimed at part-time residents, international buyers, and investors.
Mayor Mamdani’s Ambitions Will Be Checked by New York’s Institutions
Zohran Mamdani’s election as New York City’s first democratic socialist mayor is a shock to the political establishment. Promising to freeze rents, expand public childcare, operate city-owned grocery stores, offer free public transit, and redirect police funding to social programs, he has set out a bold agenda that challenges decades of entrenched policies.
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