4 ms·
Where did the value of your grandmother's "generational wealth" come from? It came from renters and first time home owners putting money into the housing marke
by J_Shelby_J 3y ago
Where did the value of your grandmother's "generational wealth" come from?
It came from renters and first time home owners putting money into the housing market.
Your grandma is doing the looting.
- jonhohle 3y agoShe (and my grandfather) invested in building in an undeveloped area with their own money. They earned it by working and paying for their house and land. Now public spenders think she owes them what she spent her life building.
- jncfhnb 3y agoThe only world in which grandma cannot afford her LVT is if the value of her land has grown so high that she can make a disproportionately large gain by selling the house. This is very unlikely. And if it is the case, it’s not like the government is stealing her house, they’re just saying she has to realize some of her enormous unrealized gains.