New York City's temporary residence tax raises warnings
2026-08-20 23:53:20
According to CoinMeta, and as reported by Bloomberg, Beth Friedman, CEO of Brown Harris Stevens, stated that the U.S. housing market is experiencing divergence: luxury home buyers remain active, while the affordability for others is deteriorating. In her program "Open Interest," she warned that New York's tax and rental policies could have the opposite effect, and believed that the most clear solutions include relaxing zoning regulations and incentivizing developers to build more housing.
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Source:Bloomberg
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