4 ms·
Hence why I said that the shift can be done slowly over 20 years. Say ramp up the taxes 5% per year until home prices reach equilibrium.
by ItsMonkk 5y ago
Hence why I said that the shift can be done slowly over 20 years. Say ramp up the taxes 5% per year until home prices reach equilibrium.
- jxidjhdhdhdhfhf 5y agoCurrent prices factor in the expected future value of a property. So, rolling out the tax over 20 years would still have a massive deflationary impact on prices today.