NYC's pied-à-terre tax likely won't be enough to get people moving. That won't stop some towns from trying.

New York City's second home tax is proving difficult for the wealthy to bypass, but experts do not anticipate a mass sale of luxury properties due to this tax. Meanwhile, towns like Greenwich, Connecticut, are attempting to position themselves as pied-à-terre alternatives by offering lower property taxes compared to bordering areas and new upscale market opportunities.