The Daily Dirt: Hochul’s budget delays keep NYC real estate in flux
Gov. Kathy Hochul’s chaotic rollout of the state budget is keeping real estate on its toes. Nearly two months after the deadline, New York lawmakers still haven’t approved a full budget agreement, including two proposed taxes that, if enacted, would significantly impact the industry. Earlier this week, a controversial proposal to tax cash sales of homes in New York City priced at $1 million or more was rumored to be falling apart just a week after the plan made headlines. Under the plan, buyers would have to pay an additional 1 percent levy on their deals. News of the all-cash […]
This article originally appeared on The Real Deal. Click here to read the full story.
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