Not really. Taxes are calculated based on property values and a multiplier which can change on an annual basis. When property values go down they just change the multiplier
Not really. Taxes are calculated based on property values and a multiplier which can change on an annual basis. When property values go down they just change the multiplier
And those properties values are over inflated by mortgage loans, not capital or cash purchases. In other words, remove cheap loans available to anyone with a heart beat, and real price discovery is significantly lower as is the resulting tax. It's a racket. Fiat currency is slavery.
And those properties values are over inflated by mortgage loans, not capital or cash purchases.
In other words, remove cheap loans available to anyone with a heart beat, and real price discovery is significantly lower as is the resulting tax.
It's a racket.
Fiat currency is slavery.
Agreed
Agreed
(post is archived)