Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt
by rozap on Tuesday November 02, 2021 @03:56PM
(#29086600)
Could you get around this by requiring the residence be owned by a natural person to qualify for a primary residency tax rate?
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Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt
by mywittyname on Tuesday November 02, 2021 @05:28PM
(#29087610)
Maybe, but a lot of people have legitimate reasons for holding their home in a trust.
If the savings are great enough, it would make sense to pay someone to "own" the house, with a contract saying that they must act at your direction. This isn't some crazy idea either, that's basically the approach that's already taken by these same people that hide their identities through shell companies. The "owner" of the shell company is some random B'zean who is paid to be a rubber stamp.