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The tax change would have to be made gradually to avoid a shock to the system, and it could exclude primary residences so that middle-class homeowners aren't pu
by randerson 2y ago
The tax change would have to be made gradually to avoid a shock to the system, and it could exclude primary residences so that middle-class homeowners aren't punished. Just incentivizing the wealthy to offload their pied-à-terres would free up plenty of housing stock.
- scotty79 2y agoThe progression can start at zero. Even if you own up to 3 residential properties it still could be zero. What it must do is incentivise largest owners who hold the most properties to sell them.