This is fantastic news for the Miami real estate market. Does anybody has stats as to how many homes this would actually affect?
Boston hasn't seen the doomers' hypothesized capital flight from their wealth tax. The opposite, in fact.
https://www.bostonglobe.com/2026/05/25/metro/millionaires-ta...
Miami? Have you checked home insurance rates lately? The thought of these NYC second home owners getting gutted by the next hurricane is rather amusing though.
The targets of this tax already live in Miami, which they declare as their "primary" residence to avoid paying NYC taxes