No. Because u're talking about destroying quality of life, creating an endless horrific urbanscape like Los Angeles.
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TAX THE INCOME, then u r getting the actual rich people not the people with paper wealth & low cash flow lives.
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Don't tax poor people who's only "wealth" is on paper due to rich neigbors bidding up property prices.
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last time interest rates were 13% was 1985. Median US home price was $85K, median SF price was ~$250K? Today
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It's not a feudal land system. It was enacted 2 keep ppl. from losing their homes as techies moved into aggie area.
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