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If you shouldn’t have to pay more in property tax, then why should you be a me to realize corresponding gains on the sale price, above inflation? After all, th
by bugglebeetle 3y ago
If you shouldn’t have to pay more in property tax, then why should you be a me to realize corresponding gains on the sale price, above inflation? After all, that has very little to do with whatever the owner does in HCOL areas, but is instead drive by the total economic activity that occurs around them. Home ownership is also meaningless if more and more people are locked out of it based on the premises of “fuck you I got mine (20 years ago)”.
- bombcar 3y agoThose gains are taxed (minus the exemptions, which perhaps are too generous). Part of that is to prevent the “I can’t move from my house to the identical one across the street because of taxes” issue.
- bugglebeetle 3y agoFor all practical purposes, the majority of people do not pay taxes on those gains and they’re easily dodged through a variety of mechanisms.