The mass exodus to Canada never happened so why would this? I can see some middle-middle income people and landlords calling it quits but a million people fleeing? Not saying it won't happen but I doubt it will.
There is no way a million people are going to leave NYC.
I wonder if they would do anything to stop them if it actually happened.
I wonder if they would do anything to stop them if it actually happened.
They've already instituted an exit tax on home sales when you make more than a certain amount of profit. Above the standing tax on home sales, that is. If you make too much profit (according to them) and don't reinvest in another purchase in NY, they tax the fuck out of you.