Why Americans Can't Afford Homes Anymore

New York recently passed a pied a terre tax targeting high-end second homes rather than primary residences. But will it actually make housing more affordable? Jeff Ostrowski, Writer and Housing Market Analyst at Bankrate, looks at what's behind an affordability crisis across America, and whether a lack of supply that's leading to high prices.  #bizshow #mamdani #newyork #piedaterretax #ushousing #ushomes

00:00 New York's Billionaire Housing Tax Explained 00:49 Why The Housing Affordability Crisis Won't Go Away 01:08 America's Housing Shortage Is 20 Years In The Making 02:06 Can Luxury Home Taxes Lower Housing Costs? 02:54 Why Home Prices Stay High In New York And Beyond 03:55 Could More Cities Adopt New Housing Taxes?

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