05-15-26 Part One - Flooding The Market

In part one of Red Eye Radio with Gary McNamara and Eric Harley, the trigger point for a controversial new tax on luxury second homes in New York City could be lowered from $5 million to $1 million of a property’s assessed value — potentially squeezing even more homeowners. Gov. Kathy Hochul’s office finally spilled details on her and Mayor Zohran Mamdani’s envisioned pied-à-terre tax Thursday, revealing a convoluted two-phase plan that could ultimately lead to drastic changes to the city’s unloved property tax system.

Also House Judiciary Committee Chairman Jim Jordan tussled with high-profile Soros-backed Fairfax Commonwealth’s Attorney Stephen Descano over soft-on-crime policies that critics said let illegal immigrant criminals back on the street, audio from Sean Hannity interviewing the President China purchasing U.S. farm land, Trump faces a decision about Iran as he returns from China, and a state by state look at the comfortable cost of living for retirees.

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