New York Governor Proposing Tax on Second Homes Worth $5 Million or More

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(Wall Street Journal)

2. Falling Property Values
If demand drops for high-end properties, prices could fall—affecting not just the ultra-wealthy, but also broader market dynamics.

3. Revenue Shortfalls
Some skeptics believe the projected $500 million may not materialize if investors shift their money elsewhere.

4. A Slippery Slope
There’s also a political continue reading …

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