Law's Eric Chaffee offers insights on proposed luxury housing tax in NYC

NYC is cooked': Business leaders and Wall Streeters erupt over NYC's proposed luxury second-home tax

Business Insider: Eric Chaffee, the John C. Hutchins Professor of Law, said New York City's proposed luxury second-home tax is a political win for Mayor Mamdani, but its projected $500 million revenue is likely overstated because wealthy homeowners may find ways around it. Chaffee predicted the tax won’t trigger a major exodus, since many affluent owners will pay to remain in Manhattan.