11–13 of 13 posts
Earlier quoted context omitted.
How would you change the game, so people wouldn't care about how much their houses worth?
You could create a tiered tax structure - which would be unpopular - where the yearly tax increases with time. In addition, you could have a progressive increase in tax based on the number of residences you have.
Earlier quoted context omitted.
How would you change the game, so people wouldn't care about how much their houses worth?
One big thing that could help address the problem is make buying a second home as difficult as borrowing to start a business or getting margin on a trading account. As it is, they are treated as any other primary home purchase because the government backs the loans. The government should not be in the business of propping up second home prices. The reason so many people are able to buy and hold multiple homes is beca…
Earlier quoted context omitted.
One big thing that could help address the problem is make buying a second home as difficult as borrowing to start a business or getting margin on a trading account. As it is, they are treated as any other primary home purchase because the government backs the loans. The government should not be in the business of propping up second home prices. The reason so many people are able to buy and hold multiple homes is beca…
Again, how will it make me care less about price of my own house? It's not an investment. It's my only house. I bought it because I need to live somewhere. What would convince me to agree to a landfill next to it?