‘Foreigner tax’ push
SAL ALBANESE, the Democratic mayoral primary hopeful, proposed a tax on wealthy foreign landlords to pay for affordable housing Wednesday.
“I’m proposing a pied-à-terre tax, which would tax foreign investors who park their money in luxury real estate all over the city,” Albanese said outside City Hall, saying 15% of the city’s luxury housing units were owned by foreign investors who often let them sit empty.