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Started By
Message
re: Mamdani sent letters to property owners advising new pied-à-terre tax is coming
Posted on 7/24/26 at 11:09 am to PrattvilleTiger
Posted on 7/24/26 at 11:09 am to PrattvilleTiger
Hey fair enough
0
Posted on 7/24/26 at 11:12 am to Major Dutch Schaefer
NYC is a great place, but anyone with a 2nd home there valued high enough to be part of this tax also has enough money to dump that place for one across the river in Jersey, upstate, farther out on Long Island or just trade for something under the threshold.
It won't happen overnight, but slowly those folks will get tired of being penalized for having property there and will slowly trickle out as so many others have already done.
The harbor and port system means the place will never be empty, but what can happen is so many of the commercial businesses move away that large areas become vacant until rents drop or banks sell the places off at auction. (see: San Fran)
It won't happen overnight, but slowly those folks will get tired of being penalized for having property there and will slowly trickle out as so many others have already done.
The harbor and port system means the place will never be empty, but what can happen is so many of the commercial businesses move away that large areas become vacant until rents drop or banks sell the places off at auction. (see: San Fran)
This post was edited on 7/24/26 at 11:12 am
Posted on 7/24/26 at 11:17 am to Major Dutch Schaefer
This piece of shite has them by the nuts and he knows it. No one will buy these properties because of the taxes so the current owners are stuck and will be strong-armed into this tax.
I feel bad for the ones that didn't vote for him.
I feel bad for the ones that didn't vote for him.
Posted on 7/24/26 at 11:17 am to armtackledawg
quote:
Imagine being so power hungry that you revel in taxing productive citizens.
left wing politics are the same now as they were with Vladimir Lenin a century ago. they exploit the nastiest base human emotion - envy - to consolidate power. if you are poor or, more often, just not as wealthy as you think you deserve to be, then they will make you believe that it's not YOUR fault that you're not as rich as you deserve to be....it's those people who have more than you! reasons and explanations will remain just nebulous and vague enough to be unprovable either way. but someone isnt paying THEIR FAIR SHARE and that's why you dont have all the things you deserve!
it's the same exact playbook it's always been.
Posted on 7/24/26 at 11:20 am to Major Dutch Schaefer
quote:
"If you have a second home in New York City worth more than $5 million, check your mailbox when you’re back in the five boroughs — because you've got mail," Mamdani posted on X,
Imagine losing billions of dollars in tax revenue by chasing away high earners and being so stupid that you try to get cute on social media and doubling down.
Posted on 7/24/26 at 11:23 am to SmackoverHawg
quote:
frick'em. They voted for it.
The out of state property owners voted for it?
Posted on 7/24/26 at 11:26 am to Major Dutch Schaefer
quote:
"The best city in the world deserves the best parks
I agree.
When I want to stab innocent citizens in public and scream "Allahu akbar", I want to do it in a world class park.
Posted on 7/24/26 at 11:30 am to Major Dutch Schaefer
Easy solution: don’t own non-primary residential property valued at $5m or more in NY.
This post was edited on 7/24/26 at 11:40 am
Posted on 7/24/26 at 11:30 am to Vacherie Saint
Not sure why posters here are saying they voted for it so fuk em. By definition they are nonresidents so would not vote in NY.
Posted on 7/24/26 at 11:35 am to Penrod
quote:
The out of state property owners voted for it?
If they are democrats, yes.
Posted on 7/24/26 at 11:37 am to Major Dutch Schaefer
Can’t WAIT to see NYC become a total 100% shithole. Should not be long now.
Posted on 7/24/26 at 11:38 am to Major Dutch Schaefer
I hope you all grasp the irony in this. The pied a terre was a financial devise to work around paying federal SALT tax. So they argued vehemently against the ceiling of deduction on a federal level, threatened to tank the BBB, and eventually got their way.
And now have come back and said, we will take that tax money on the city level thanks so much you fools
And now have come back and said, we will take that tax money on the city level thanks so much you fools
Posted on 7/24/26 at 11:55 am to Bamamojo
quote:
If they are democrats, yes.
That’s ridiculous. This was done by politicians who were only voted for by New Yorkers. Many democrats do not support this kind of taxation.
Posted on 7/24/26 at 12:04 pm to Bard
quote:
NYC is a great place, but anyone with a 2nd home there valued high enough to be part of this tax also has enough money to dump that place for one across the river in Jersey, upstate, farther out on Long Island or just trade for something under the threshold.
You still have to pay city tax if you earn there and have to pay two primary residence tax rates if you live in NJ or CT and spend over X number of days in NY.
If you are selling a residence in NYC, it likely isn’t to move out to Joisey, it is likely to pick up stakes for Florida or Tennessee.
Posted on 7/24/26 at 12:10 pm to Major Dutch Schaefer
quote:
Mamdani has previously said revenue from the tax would go toward initiatives such as free childcare, cleaner streets and safer neighborhoods.
if something is paid for by increased taxes, is it still fr....................never mind
Posted on 7/24/26 at 12:13 pm to Major Dutch Schaefer
When does he propose changing the name of the city to New Tehran?
You know it’s coming.
You know it’s coming.
Posted on 7/24/26 at 12:13 pm to Major Dutch Schaefer
quote:It's funny how it is always only the leeches that get to decide what someone's "fair share" is.
That's only possible when we all pay our fair share.
Posted on 7/24/26 at 12:27 pm to Demonbengal
quote:Unless I'm mistaken, intelligent people with really good attorney's and tax advisors, they don't bown a second home. They own a tax sheltered corporation that has within its assets a home subject to the use for corporate *wink-wink* meetings of the board of directors,or its in a trust and the trust owns it. They would be stupid to own a second home in a tax heavy state like New York, and unless they're the idiot child who inherited it and didn't move that asset off their asset ledger, they should be able to skirt this tax.
As I’m sure many NYer’s who live in million dollar homes are celebrating, the wise move would be to start calling u-haul.
Posted on 7/24/26 at 12:32 pm to tigeraddict
quote:
$80k k for the 0.8% from $5m to $15m $52,500 on the next $5m
My guess is that in addition to standard property taxes.
Posted on 7/24/26 at 12:37 pm to PrattvilleTiger
quote:
greater cities
Such a relative turn. Just like CNBC's "worst states".
To me, Florence, Italy is the greatest city I've ever visited. Brevard, NC, to me might be the greatest cities in America. It's all relative
This post was edited on 7/26/26 at 9:05 am
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