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Amid billionaire exodus, NYC's Mamdani tells $5M homeowners: Check your mail

Times of India

TechnologyTimes of India·Jul 26, 2026·1 min read

Amid billionaire exodus, NYC's Mamdani tells $5M homeowners: Check your mail

New York City's mayor is implementing a new tax on expensive second homes. This tax aims to fund essential public services across the city. The city is currently experiencing an outflow of high-income residents to other states. Meanwhile…

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