Had a scary convo today abt how this makes Low-Income Housing Tax Credits less attractive to banks & may crush affordable housing productionhttps://twitter.com/nytimesbusiness/status/817830178604851200 …
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Slap a mansion tax on that and call it a day.
what does that mean though? Someone might have bought that w/ 20% down and is paying $4,500/mo in mortgage/taxes &
I'm pro- reforming Prop. 13 to take it out of capital gains at sale. But taxing outright adds onto crazy mortgage costs
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