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Homes "unaffordable" in 99% of nation for average American (www.cbsnews.com)

submitted 11 months ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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[–] cantstopthesignal@sh.itjust.works 15 points 11 months ago (1 children)

Hard agree. Also they can slap a really big transfer tax on non-owner occupied as well.

[–] sugar_in_your_tea@sh.itjust.works 7 points 11 months ago* (last edited 11 months ago) (1 children)

Non-owner occupied properties already aren't eligible for the capital gains exclusion. I guess we could make unoccupied houses subject to regular income tax instead of capital gains tax rates would further discourage empty houses. That, and higher property taxes would probably be enough.

[–] cantstopthesignal@sh.itjust.works 1 points 11 months ago

I live in a high property tax area and even though prices have gone up, it's nowhere near as crazy as other parts of the country.