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It's not a windfall if you live there for 35 years and don't sell. It's just your home.
by malvosenior 7y ago
It's not a windfall if you live there for 35 years and don't sell. It's just your home.
- akavi 7y agoMake the back taxes due on sale then. Simple.
- rcpt 7y agoThat would really exacerbate the lock in effect
- rcpt 7y agoJust because it's not a cash asset doesn't mean it's not an asset. There are myriad of financial instruments to work with. Increased property values translate to increased borrowing power.
- malvosenior 7y agoWhy should people be forced to get in debt to keep the house they've already paid for?
- nerfhammer 7y agoWhy do they deserve permanently lower taxes?
- malvosenior 7y agoThey're taxed on what they paid.