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2 yr. ago

  • You think it’s normal to lock the US population into place, decrease housing market liquidity, reduce inventory, and drive up home prices?

    Here’s what I think is normal: the primary residence, which is traditionally the primary stock of wealth for the working and middle classes, should not be taxed. Period. Your second house should be taxed. Your third house should be taxed. Your huge boat should be taxed. Not your home.

    People need to stop their war on the US middle class, which is rapidly disappearing. The majority of the wealth is in the hands of the top 1-10%. Not the middle 50, or the working poor, who are the most impacted by this moronic tax.

    Behold, the impact of property taxes:

  • I don’t have an error. If you buy a house for $200k (average price for houses in the US some years ago) and it now costs $500k (average price for houses in US today), this tax makes it LITERALLY impossible for you to sell your house and buy another one. This is a new phenomenon.

  • The issue is that a “profit” on a home sale is not a profit at all, since that money needs to be dumped back into the purchase price as soon as you move. The tax straight up makes it impossible for families to MOVE. What are you not understanding? These aren’t landlords. They’re just people trying to move from point A to point B.

  • Let’s say I want to sell my (cheaper) home and buy another one — the same type of house, but I want to move. Well, I can’t, because as soon as I sell it and get taxed, I can’t afford to buy a house anymore. These aren’t landlords. We’re talking primary home residence.

    For the people downvoting me: as average home prices increase in value you will eventually be unable to sell your home and move anywhere else. We went from $200k average home prices to $500k in just a few years. Ordinarily you would sell your current house and buy another one, but with this tax you can’t afford to do so. You’re locked in forever. Welcome to a shitty housing market.

  • The way a condition is described or detected and where we choose to draw and name the arbitrary color boundaries is a spectrum. The way we actually are in reality is a continuum (along many dimensions). Some Homo Sapiens are so morally unmotivated and self-obsessed, we say they have ASPD. Yet many people you know are morally unmotivated! Their insufficiencies fall somewhere on that continuum.