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> My suggestion is a large one time tax on property purchased for use as a primary residence This is similar to the "stamp duty" system in Australia, and it's
by Analemma_ 6y ago
> My suggestion is a large one time tax on property purchased for use as a primary residence
This is similar to the "stamp duty" system in Australia, and it's horrible (it actually competes with Prop 13 for the title of Worst Law in the World). Just like Prop 13, it chokes supply because nobody dares sell a house whose value has increased over time. And just like Prop 13, intelligent people have been trying to get rid of it for decades, but it's a legal zombie that won't die.