Freeze the Rent! And Other Silly Policies ( w/ Paula Pant)

Reasonably Happy with Paul Ollinger · Aug 6, 2026 · 1h 12m

Last week, I received a bill from New York City for $71,1783.16. It was the balance due for my Non-primary residence surcharge, aka the pied-à-terre tax that is a premium on top of the $55k or so we pay in regular, old fashioned property tax. We got pinged because our home is owned by our trusts, which are not New York entities. The good news is that, since we are legit full-time residents, we will get out of this. Still, it’s pretty scary to get this kind of unexpected invoice. Suffice to say, it’s a wild time in New York city real estate. In addition to this new second—or third or…