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user-generated· Economics

Will New York City's pied-à-terre tax generate at least $50 million i…

Market overview

The headline implies the tax 'likely won't be enough to get people moving,' which suggests its primary impact might be revenue generation rather than behavioral change. While the article is skeptical, even a modest tax on luxury secondary homes in NYC could yield substantial revenue. The exact implementation details and rates would heavily influence this, but a $50M target seems plausible for a city of NYC's scale.

Economics prediction market

Implied probability (Yes)
60%
Closes
2026-12-31

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