Mamdani, Hochul Agree to Tax on Luxury Second Homes in New York City

Anyone who thought that Governor Hochul. Hochul, the organ grinder’s monkey, would perhaps moderate Zohran Mamdani was sorely mistaken. Hochul is all in on Mamdani’s taxation policies. What wealthy individual would want to invest or live in New York City at this point? The message is unmistakable: they won’t keep bankrolling a city that treats them like suspects and shakes them down at every turn.Expect the once Big Apple to go bankrupt before Mamdani is done.

New York isn’t just losing residents—it’s bleeding the very people who pay the bills. The exodus of wage earners is at record highs, and the old hedge—keeping a pied-à-terre while earning elsewhere—is collapsing. The message is unmistakable: they won’t support a city that treats them like suspects and robs them blind. Close the second home, cut the ties, and move on. What was once a world capital risks becoming a monument to a once great city.

ð——ð—¼ð—»ð—®ð—¹ð—± ð—. ð—§ð—¿ð˜‚ð—ºð—½ ð—§ð—¿ð˜‚ð˜ð—µ ð—¦ð—¼ð—°ð—¶ð—®ð—¹ ð—£ð—¼ð˜€ð˜ ðŸ¬ðŸ±:ðŸ®ðŸ® ð—£ð—  ð—˜ð—¦ð—§ ðŸ¬ðŸ°.ðŸ­ðŸ².ðŸ®ðŸ²

Sadly, Mayor Mamdani is DESTROYING New York! It has no chance! The United States of America should not contribute to its failure. It will only get WORSE. The TAX, TAX, TAX Policies…

— Commentary Donald J. Trump Posts From Truth Social (@TrumpDailyPosts) April 16, 2026

100 days in, NYC Mayor Zohran Mamdani is proving that “free” isn’t free, just costly for taxpayers. Big promises, shaky math, and policies that risk driving the city deeper into fiscal trouble. New York deserves better. https://t.co/BO37fn4rwO

— Steve Forbes (@SteveForbesCEO) April 15, 2026

Hochul, Mamdani reach deal for tax on luxury second homes in New York City

By NY1, April 15th, 2026

Gov. Kathy Hochul and Mayor Zohran Mamdani have reached a deal that will add a new tax on luxury second homes in New York City in an effort to reduce part of the city’s budget gap.

The tax would apply to one- to three-family homes, condominiums and co-ops worth $5 million or more and owned by homeowners with a primary residence outside the five boroughs, City Hall said in a press release.