Property News
American
Property News for 12 March 2019
NY senator makes the case for why he wants to tax multi-million dollar second homes
CNBC - 12 Mar 2019 15:07
A plan to tax the rich on multi-million dollar second homes is gaining traction in New York City in order to raise funds for the MTA transit system. State Senator Brad Hoylman (D), who introduced the bill, joins "Squawk ...
Tax on multi-million dollar second homes in New York gains traction in state legislature
CNBC - 12 Mar 2019 15:03
CNBC's Robert Frank reports on a plan to tax the rich on multi-million dollar second homes that is gaining traction in New York City in order to raise funds for the MTA transit system.
We will see a 'clear' negative wealth effect in Australia: Economist
CNBC - 12 Mar 2019 10:18
David Bassanese of BetaShares says the wealth effect is already in play in Australia. He notes that consumer spending has been weak following a decline in house prices.
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