Re:Low interest rates in advanced countries have pushed mone...
by boublepop on Thursday November 25, 2021 @02:46PM
(#29344360)
> How is raising somebody else's taxes going to fix that?
Just raise the taxes on peoples 3’rd or 4th home. It will definitely screw over a lot of real estate investors and banks, but that’s sort of the deal with investment risk, and after more than a decade of state guaranteed return on this investments it’s about time for and quite fair with a state guaranteed shakedown.
This will cause the market to drop, and the unfortunate ones who overspent on their primary recode are will have a big loss, which you help reduce through tax breaks for people owning no more than one home.
Just raise the taxes on peoples 3’rd or 4th home. It will definitely screw over a lot of real estate investors and banks, but that’s sort of the deal with investment risk, and after more than a decade of state guaranteed return on this investments it’s about time for and quite fair with a state guaranteed shakedown.
This will cause the market to drop, and the unfortunate ones who overspent on their primary recode are will have a big loss, which you help reduce through tax breaks for people owning no more than one home.