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borebore@lemmy.world

New data show Mass. home prices keep rising as inventory remains low (www.wbur.org)

submitted 1 year ago by borebore@lemmy.world to c/boston@lemmy.world

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[–] theamigan@lemmy.dynatron.me 4 points 1 year ago (2 children)

Make owning investment properties too painful to be worth it and this problem will subside.

[–] borebore@lemmy.world 2 points 1 year ago (1 children)

What do you think is the best way to do that? Taxes?

[–] theamigan@lemmy.dynatron.me 2 points 1 year ago

Yes. Quadruple the residential tax rate, increase the homestead exemption in kind.