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, major companies like Airbnb are expanding their presence in New York City.

These developments highlight ongoing economic shifts within the metropolitan area. ...