'ABSOLUTELY NOT': Top broker SLAMS Mayor Mamdani's real estate tax, tell me about this news in (https://www.foxnews.com/video/6404978207112)

In this Fox News video clip, top Douglas Elliman real estate broker Michelle Griffith strongly pushes back against a newly proposed pied-à-terre real estate tax backed by New York City Mayor Zohran Mamdani.Key details highlighted in the segment:

• Pied-à-Terre Tax Pushback: Griffith rejects the tax proposal (“ABSOLUTELY NOT”), arguing that targeting non-primary luxury residences harms rather than helps the city’s housing economy.
• Valuation Gaps: She points out the massive discrepancy between New York City’s official assessed property values and actual real-world market transaction prices.
• Market Confusion: According to Griffith, applying new tax formulas based on flawed or disjointed city assessments creates severe confusion among buyers and sellers, threatening to stall transactions and destabilize confidence in the New York City real estate market.