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It will result in fewer second homes existing, therefore more first homes.
by stavros 6mo ago
It will result in fewer second homes existing, therefore more first homes.
- zeroonetwothree 6mo agoPerhaps. Homes are not zero sum though so it’s also possible there will be fewer first homes.
- Cameri 5mo agoIf you are just looking to massage the numbers so there are more first homes vs second homes percentage-wise without creating new first homes, then taxing luxury second homes may work. It has great potential to change the numbers on a spreadsheet. Decreasing the number of secondary homes for the wealthy _does not_ create more first homes people can realistically afford though.