Massachusetts Weighs Mansion Tax on $1 Million-Plus Homes | Penta (barrons.com)
SEEMS TO ME THAT THE NEW NORMAL WILL BE MILLION DOLLAR HOMES…
DAYS OF 100 THOUSAND DOLLAR HOMES ARE ON THEIR DEATHBEDS…
SO WITH THAT SAID…
WHY IS IT THAT GOVERNMENTS ARE NOW SEEING MORE $$$ SIGNS IN THEIR EYEBALLS AS A WAY TO JUSTIFY TAXING MORE…
I WOULD RETHINK TAXING MILLION DOLLAR HOMES AND ADJUST THE CONCEPT OF WHAT EXACTLY QUALIFIES AS LUXURY NOW…
RAISE A TAX ON HOMES HITTING WHAT ???
10 MILLION
50 MILLION
100 MILLION
WHATEVER… POINT IS… 1 MILLION AIN’T GOING AS FAR AS IT USE TO…
STILL TECHNICALLY WORTH MORE EYEBALLS AND SPIINING FANTASIES OF ROLLIN IN DOUGH…
ALAS, SELLING A MILLION DOLLAR HOME WILL GET YOU NOWHERE FAST WHEN YOU HAVE TO GO OUT AND BUY ANOTHER 2 MILLION DOLLAR HOME… A YEAR LATER…
MAY NOT BE EXACTLY THE CASE…
BUT UNLESS SOME CATASTROPHIC FINANCIAL DISASTER HITS AND HOMES BECOME WORTHLESS…
I WOULD RETHINK THOSE PLANS…
ANYWAYS… AREN’T GOVERNMENTS GETTING MORE DOLLARS IN THEIR COFFERS FROM PROPERTY TAXES BECAUSE OF THE NEW MILLION DOLLAR HOME NORMS ???
BESIDES…
THE ONLY WAY I CAN SEE SOMEONE PROFITING FROM SELLING MILLION DOLLAR HOMES THESE DAYS…
IS TO DOWNSIZE TO HOMELESS AND STUFFING THE CACHE IN THE BACKPACKS AND AIR MATTRESSES…
ON THE UPSIDE… I WOULD TAX ANY CORPORATE OWNED HOMES RIGHT FROM $1 DOLLAR AND UP….
CLEARLY BUSINESSES DON’T LIVE IN THESE HOMES… JUST WAITING FOR THE RIGHT TIME TO SELL AND MAKE A KILLING
Leave a comment