yeahiknow3
Another psychopath. His telltale indifference to reality gives it away. That’s the hallmark of the soulless.
You just blew this guy’s mind.
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:
The “profit” is realized as soon as the sale goes through. Your financial illiteracy and the confidence with which you wield it is astonishing.
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.