New York wants to tax empty second homes. Here's what happened in cities that tried it.

"Empty Homes, Full Pockets: NYC's Unconventional Tax Strategy" In a move that has left many in the real estate world scratching their heads, New York City has implemented a tax on empty homes, a policy that seems to diverge from the intentions of other cities that have adopted similar measures. While cities like San Francisco and Vancouver have levied taxes on vacant properties in an effort to free up a tight housing supply and encourage owners to rent out their homes, it appears that New York City is taking a more pecuniary approach. By targeting empty homes, the city is likely seeking to boost its coffers, rather than addressing the pressing issue of affordable housing. As the city's housing market continues to grapple with affordability and availability, the motivations behind this tax strategy are raising eyebrows among experts and residents alike.

Other cities with taxes on empty homes wanted to free up housing supply. New York City is likely more focused on bringing in money.