05/15/2026
New York just approved a $124.7B budget… and the luxury real estate market could feel it. 🏙️
The city avoided raising general property taxes, but now ultra-luxury second homes may face a new “Pied-à-Terre” tax.
Some believe this protects working families.
Others think it could push wealthy investors out of NYC.
As someone working in Manhattan real estate, this is definitely something to watch closely. 👀
Would you still invest in New York?
RealEstateMarket