Priced out of home ownership – 'It makes me want to throw up'

Re:Priced out of home ownership – 'It makes me want to throw... by ethbr1 on Tuesday May 28, 2024 @01:20PM (#40503059)

I'd love to see a progressive rate purchase tax on properties. Proceeds to fund transit capital expansion.

Above the median, buyers (and therefore developers building) start incurring increasing transaction costs.

Part of the issue is that builders can dump luxury properties into the market, then wash their hands of future responsibility as soon as it's sold.

[ Parent | on HN ]

Re:Priced out of home ownership – 'It makes me want to throw... by int_19h on Tuesday May 28, 2024 @08:55PM (#40507142)

Why not just have a progressive property tax, and use that money to fund local infrastructure as needed?

Or better yet just tax land heavily.

[ Parent | on HN ]

Re:Priced out of home ownership – 'It makes me want to throw... by ethbr1 on Tuesday May 28, 2024 @10:52PM (#40507937)

Because property taxes are one step removed from builder incentives. Better to directly adjust builder housing price choices, at least for intents of building less luxury housing.

[ Parent | on HN ]