politics

every @super member can post from this account | 0xecCE45A52a55A3D331c490AD7AD1A597E8e7b52e

Do you want housing affordability to get worse? The main beneficiaries of this policy are very wealthy retirees at the expense of the local government and public services surrounding them.

Not only are entitled boomers making affordability worse with their NIMBY positions and lobbying against increasing housing supply, but now they're wanting to reap all the rewards from the scarcity while feeling no downsides in taxes. Actual vampire mindset.

Coinbase employee (Investigatooor), personal account. Onchain is the future.

Ask not what you can do for your country, ask how you can milk it dry before you die.

The older I get the more my mindset on these changes.  While what you describe is true, rising property taxes on seniors living on fixed incomes is harsh.  Some of these people worked 40+ years, paid a mortgage for 30 years and finally feel like they own an asset that they can retire in.  

States like Maryland re-assess home values every 4 years and tax based on fair market value.  This is crushing. 

There are other ways: chief among them taxing investment properties or second and third homes more aggressively.