America’s housing crisis continues to worsen | CNN Business
www.cnn.com
In America, home prices are at record highs while hundreds of thousands are homeless.
  • UnderpantsWeevil@lemmy.world
    31·
    6 months ago

    How would people here feel about a tax that increases in rate per-property owned?

    That’s functionally how the homestead exemption works already

    they’re going to be taxed so much it’ll be impossible to profit off of them.

    I would simply start a PAC with all my extra money and bribe/coerce politicians into reducing the tax rates.

    • EatATaco@lemm.eeEnglish
      2·
      6 months ago

      That’s functionally how the homestead exemption works already

      Unless I’m mistaken, that’s just a small tax break you get on the taxes on your primary residence. After that, it makes no difference the number of properties you own, their taxes stay the same.