Douglas Elliman CEO Howard Lorber warns that a tax on second homes for the rich could be “multiples worse” than Amazon’s exit from New York City. In an interview on CNBC’s Squawk Box, Lorber said a pied-à-terre tax would “be a disaster, not just for real estate, but for the economy in New York.” But the market in New York overall is “not so bad,” Lorber said, and even the state searches for additional sources
source https://therealdeal.com/2020/03/20/second-home-tax-would-be-multiples-worse-than-amazon-loss-howard-lorber/
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