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Would you object to a graduated tax that gets applied to your existing mortgages in addition to an outright ban on new purchases of secondary properties within
by chrishemsworth 4y ago
Would you object to a graduated tax that gets applied to your existing mortgages in addition to an outright ban on new purchases of secondary properties within the metro area? I'd be fine with it.
I don't any reason why we shouldn't do that. It discourages people in your position from hanging on to multiple residences, and it levels the playing field a bit, at least until some equilibrium is reached in which existing and incoming demand approximate the available stock and pace of development.