Obviously I am not the biggest Mamdani fan … but this is kinda good no? Basically it adds to cost of carry of owning property as a second or investment in nyc. The one thing that can happen is … investment properties and real estate market in nyc takes a hit… people dump secondary homes and investment properties and reallocate that money elsewhere …. Which is fine? It’ll goto Palm beach … Miami.. etc etc Prices in New York will drop. At some point there will be equilibrium where the cost of carry and price drop make sense… It’s still New York. I am def buying another property in New York if this happens …