Quote:
Originally Posted by GGG
If property taxes were to double, which is actually only a 50% increase in the total tax we pay would we see a coresponding drop in property value or a lack of property appreciation as the carrying cost of property would increase?
Or would % spent on housing / tax / utilities just go up.
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Hard to say, and imo the answer is probably a mix of both.
But as an existing homeowner lower housing prices is pretty cold comfort as an offset to much higher property taxes.
Also, I'm extremely skeptical that the best way to fight climate change is at the municipal level. Realistically international action is required.