Quote:
Originally Posted by JonBoy
People care because they have to pay this tax OUT OF POCKET (with after-tax dollars) while their real estate appreciation is an UNREALIZED gain (until they sell the house).
Lots of people don't have $10K sitting around to give to the city each year, regardless of how much their house is appreciating.
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If they are living in the house and not using it as an investment the 1% will not apply. Families don’t pay this tax, investors do.
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Upset a Lefty, Fly a Drone!
"I find it interesting that some folk will pay to use a range, use a golf course, use a garage bay but think landowners should have to give permission for free. Do these same people think hookers should be treated like landowners?" pitw
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