> These genuine owners are paying high property taxes.
Not if the tax base goes down. Which is the point.
> If so, why not just get rid of speculative buying (simply make it illegal)?
This makes the lawyer rich too. It’s not a smash-and-grab at a Walgreens. You can’t put real estate cops on every deal. If price is expected to go up, people will speculate.
Not if the tax base goes down. Which is the point.
> If so, why not just get rid of speculative buying (simply make it illegal)?
This makes the lawyer rich too. It’s not a smash-and-grab at a Walgreens. You can’t put real estate cops on every deal. If price is expected to go up, people will speculate.