NYC’s Proposed Pied A Terre Tax For Properties $5 million +
Posted by Wei Min Tan on October 30, 2017
Publication: Real Estate Weekly
Summary: Wei Min Tan contributed to article about NYC’s proposed pied-a-terre tax which would apply to properties $5 million +.
Wei Min’s comments in article:
Wei min Tan, an associate broker at Charles Rutenberg LLC New York, agrees with Miller’s assessment that financial repercussions could deter even the most financially stable property buyers.
“They don’t just throw their money around,” Tan said. “That’s just their nature. I think people who are financially successful are financially successful because they are careful with their money.