971
Grandma is on her own (sh.itjust.works)
submitted 1 year ago by to c/lemmyshitpost@lemmy.world
151 comments fedilink hide all child comments
 
Almost helped an old lady cross the street but then remembered she wants to flip her $18 home to me for $950,000 (TikTok screenshot)
you are viewing a single comment's thread
view the rest of the comments
[–] 1 point 1 year ago (1 child)

Same. We have to get private equity out of homes, but telling people on the edges that they will get caught up is going to make it a tough sell. Even if we account for the example above, another family that wasn't on the edge of affordability might be after the change.

With something like this we may need to offer buybacks or short loved exemptions of some sort.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 1 point 1 year ago

    Eh I think most people are forgetting that for the average person something like this will most likely lower taxes in total for them as the market rate for the properties readjusts due to increased supply becoming available. What might be untenable now might become completely affordable after even with a scaling tax rate on additional properties.

  • permalink
  • fedilink
  • source
  • parent