Quote:
Originally Posted by MillerTime GFG
Aside from the foreign buyers’ tax (which is useless), those aren’t Federal policies.
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Which makes no difference to the tax payer AKA homeowner.
The point is there has been numerous taxes added to our market to increase cost of ownership and slow down pricing growth and none of it has worked significantly.
All of these, especially the foreign buyer's tax was widely applauded by people happy to make foreigners the problem, then flippers were the problem, then people with too many properties sitting empty.
Government has reacted to every boogy man and we're still in the the craziest market in many years with upwards of 50 people bidding on the same house.
None of these changes have created a large increase in supply, which is the solution we really need.
If you have some federal government intervention ideas to increase that, I'm with you.