77 WABC MiniCasts
Suzanne Miller warns that restrictive legislative proposals and new taxes are creating a hostile environment for international investors in New York City’s residential market. She argues that targeting cash buyers and foreign capital through measures like the pied-à-terre tax will discourage the very people who sustain the local economy, potentially leading to a loss of secondary jobs in sectors like hospitality and retail. The conversation shifts from these economic anxieties to a more casual observance of Memorial Day, touching on local weather, beach closures, and the importance of honoring fallen soldiers.
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