Rich New Yorkers trying to dodge the new tax on second homes slam into a harsh reality

Wealthy New Yorkers are grappling with the city's new 'pied-à-terre tax' on second homes worth at least $5 million, which has caused confusion and frustration. Many are seeking loopholes or legal advice to avoid the tax, but experts say there are few workarounds. While the ultra-wealthy may accept the tax as a minor expense, others are struggling to adapt to the new policy.

Read More