wealthy

Mamdani just gave wealthy homeowners more time to avoid his pied-à-terre tax

Wealthy homeowners who might be subject to New York City Mayor Zohran Mamdani’s pied-à-terre tax just got more time to avoid it.Mamdani and Department of Finance Commissioner Richard Lee announced on Saturday that the deadline for homeowners to submit an exemption application has been extended to September 18. That’s four…

Wealthy collectors are buying condos just for their cars

Scott Cunningham has a fondness for Ferraris. Judging by what else he collects, he also has an affinity for Porsches, superbikes, electric guitars, and wine.For years, he admired his collection from home.Once his children were grown, and he and his wife downsized from a house with a four-car garage to…