economy
Is a second home in New York or London more trouble than it's worth?
New York’s new tax on second homes is prompting owners to rethink. Are these city pads still worth it? It’s a question that those in London have long been asking
TL;DR
- New York has introduced a new tax on second homes.
- This tax is causing owners to re-evaluate their properties.
- London residents have long grappled with similar questions about second homes.
- The article questions the ongoing worth of city pads as second homes.