How about we implement a tax for any person or entity with more than 10 homes. More than 10 homes, each additional home has a 1% or more federal property tax against all homes. 15 homes = 5% property tax on all homes. For the big buyers like Zillow or BlackRock this would be business-destroying. Small investors and flippers would be unaffected.
You’d see home shortages end at light speed. And yes home prices may crash but it’s a long term fix. People would probably appreciate it long term much more than this plan.
Or maybe it phases in over a 5 year period. Something though.
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How about we implement a tax for any person or entity with more than 10 homes. More than 10 homes, each additional home has a 1% or more federal property tax against all homes. 15 homes = 5% property tax on all homes. For the big buyers like Zillow or BlackRock this would be business-destroying. Small investors and flippers would be unaffected.
You’d see home shortages end at light speed. And yes home prices may crash but it’s a long term fix. People would probably appreciate it long term much more than this plan.
Or maybe it phases in over a 5 year period. Something though.