# Experts back Mamdani's pied-à-terre tax as super-rich object

A proposed tax on luxury second homes, known as a pied-à-terre tax, has drawn complaints from wealthy property owners but earned praise from experts. Backed by Mamdani, the measure aims to address housing affordability and generate revenue. The policy could reshape debates on taxing vacant luxury real estate in major cities.

**Importance:** 3/5

## Sources

### World
- [The Guardian World](https://www.theguardian.com/us-news/2026/aug/08/mamdani-new-york-pied-a-terre-tax) — Sat, 08 Aug 2026 12:00:46 GMT