NY comptroller candidate warns Pied-à-Terre tax will have ‘significant’ impact on NYC

NY Comptroller candidate Joseph Hernandez weighs in on billionaire Bill Ackman warning that NYC Mayor Zohran Mamdani’s proposed Pied-à-Terre tax will decimate the city’s real estate market.

Billionaire investor Bill Ackman warns that New York City Mayor Zohran Mamdani’s proposed Pied-à-Terre tax will trigger a major decline in residential real estate values. On ‘The Bottom Line,’ New York Comptroller candidate Joseph Hernandez analyzes how the aggressive tax agenda threatens to drive wealthy residents out of the city.