12-11-2021, 11:35 PM
I have a good friend that works in a law office - it's strictly dealing with real estate mostly.
She was saying out cities are addicted to these high land transfer tax, every time there is a sell. It's common to see they taxes in excess of $40,000 now.
Had me thinking that, while the government (all levels) speak lip service regarding affordable housing, everything they do prevents it. Why? They want the money.
Not sure what a solution to that is -- but most likely they'd need to figure out a tax scheme from elsewhere.
She was saying out cities are addicted to these high land transfer tax, every time there is a sell. It's common to see they taxes in excess of $40,000 now.
Had me thinking that, while the government (all levels) speak lip service regarding affordable housing, everything they do prevents it. Why? They want the money.
Not sure what a solution to that is -- but most likely they'd need to figure out a tax scheme from elsewhere.