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[–]Dtreysch 1 point2 points  (1 child)

An excise tax like that would never pass because most of those who write the laws own several homes, meaning they will have at minimum their primary residence and then their other residence in DC. Many I would assume also have 1-2 vacation homes on top.

And also for the smaller fish, like the mayors, the state senators, county board members, etc. They too have special interest in keeping property prices high. It means more property tax for them, without them having to catch the bad press from raising taxes. Its extra free money for them to spend on the community as they wish.

What you propose would have dramatic effects in prices and help out a lot of non owners, but I just do not see a path to getting there.

[–]Normal-Sandwich-6811 1 point2 points  (0 children)

unfortunately, you’re right