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Real estate experts blast Mamdani’s math-defying tax plan, warn of higher rents and flight

Details
19 February 2026
NYC Mayor Mamdani threatens a 9.5% property tax hike to close a $5.4 billion budget gap unless Albany taxes the ultra-wealthy, sparking real estate market concerns.

Orignial Source:

https://www.foxbusiness.com/politics/real-estate-experts-blast-mamdanis-math-defying-tax-warn-higher-rents-flight


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